Sirius reports €70mn valuation gains and buys property in Bochum
The portfolio of business park investor Sirius appreciated by €69.3mn during the first half of the current business year (30 Sept.) and cracked the €1bn mark for the first time. Sirius attributes €56.2mn of the valuation gains to investments in existing properties and incentives for rent increases. Rental income and other income from the real estate portfolio rose by 16.6 % to €40.8mn, profits by 38 % to €70.4mn. Sirius recently finalized the acquisition of a 56,000 sqm business park in Bochum for €24mn. With the sale of a business park on Dötlinger Straße in Bremen (€6.3mn), which was also initiated this month, the firm has now completely withdrawn from the Hanse city.
Subscribers to our premium service have access to this article in full as well as to an additional 480,000+ news items: all filterable by topic, company, asset class, city or keyword. In TD Premium you can search for investment deals, leases, current project developments and company news with pinpoint accuracy.
TD Premium is Germany's leading property information tool that interconnects news, transactions, project data, market and company information in a unique and flexible system.