Sirius Real Estate, the leading owner and operator of branded business and industrial parks providing conventional space and flexible workspace in Germany and the U.K., has completed on the acquisitions of two industrial assets in the U.K., in Banbury, just north of Oxford, and Wembley, for just over £31 million, representing a 9.2% net initial yield (“NIY”) including acquisition costs.
The acquisitions will add more than 492,000 sq ft of light industrial space to the Group’s U.K. portfolio, and have been made using the proceeds of the recent Maintal disposal, which was sold at a gross yield of 6% for €40.1 million in March 2024.
Source: press release sent 20 June 2024