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Sirius Real Estate Ltd - London and Johannesburg-listed property investor - Completes its acquisition of a business park in Feldkirchen, Munich, for €43.7 million. Feldkirchen business park generates €3.4 million of annualised rent roll per annum and is 94% occupied. The purchase terms reflect an EPRA net initial yield of 7.8%. The asset is anchored by Excelitas, a designer and manufacturer of high-performance optical and photonic solutions for defence, aerospace, medical and industrial applications. Sirius first announced this deal last month. Following this transaction, Sirius has acquired around €340 million of income-producing assets across the UK and Germany so far in 2025.
Current stock price in Johannesburg: R 21.60
12-month change in Johannesburg: up 10%
Stock price in London: 95.14 pence
12-month change in London: up 12%
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