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Sirius Real Estate Share News (SRE)

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London Stock Exchange

Share Price is delayed by 15 minutes

Share Price: 100.10

Bid: 100.00

Ask: 100.20

Change: -0.30 (-0.30%)

Spread: 0.20 (0.20%)

Open: 100.50

High: 101.00

Low: 98.90

Prev. Close: 100.40

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Sirius buys 2 German business parks for €33.4m

Mon, 06th Jan 2020 07:06

(Sharecast News) - Business park operator Sirius Real Estate said it had bought two properties in Germany for a combined total of €33.4m (£28.5m), reflecting an aggregate net initial yield of 6.8%.
The two parks are near Düsseldorf and in the Brandenburg region, Sirius said on Monday.

The Düsseldorf Neuss II property was bought from a regional family real estate office for €19.1m reflecting an net initial yield of 5.4%, while the Neuruppin Business Park, 75 km north west of Berlin, was acquired from Otto Immobilien GmbH & Cofor €14.3m for an net initial yield of 8.6%.

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