Sirius Real Estate - Completion of acquisition

I have a very very micro position in SRE. I was planning to put more in due to their Stockopedia ranking is 97 and their 1.52% away from their 52w high.

But after this decent acquisition, it has solidified my thinking,

The business park comprises eleven buildings constructed between 1985 and 2002 providing a total of around 60,000 sqm of lettable space (47% warehouse/production space; 47% office space; and 6% other space) as well as 1,063 parking spaces on a total plot size of approximately 197,000 sqm.

The asset is 93.5% let to 16 tenants with an annual total income of €4.1 million and annual net operating income of €3.5 million as at July 2019.

1 Like