Source - Alliance News
Sirius Real Estate Ltd - London and Johannesburg-listed property investor - Raises €105 million through a tap of its existing 1.75% notes due November 2028, bringing the total issue size to €464.9 million. Proceeds will fund acquisitions and general corporate purposes. Follows €300 million of acquisitions this year, including the £101.1 million Hartlebury Trading Estate. Chief Financial Officer Chris Bowman says the deal enhances capacity for growth while keeping net loan-to-value below 40%.
Stock price in London: 97.95 pence
12-month change in London: down 3.2%
Stock price in Johannesburg: R 23.02
12-month change in Johannesburg: down 1.9%
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