THE YEAR to March had been an excellent one for Sirius Real Estate with a successful secondary listing on the AltX of the JSE and the acquisition of four business parks in Germany, the company said on Friday. It completed a dual listing on AltX of the JSE in December. At the time of the listing, it raised e40 million (R523m) to support the expansion of the property portfolio and has since announced the acquisition of the four business parks for a total of e70.9m. The company said a capital expenditure investment programme in the pre-acquisition portfolio was showing a high return on investment.
Total income on the company’s entire portfolio was e45.4m in the year under review, of which e43.9m was derived from the pre-acquisitions portfolio. The board declared a final dividend of 0.84 cents per share, making a total dividend for the year of 1.61c. – ANA