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German business park investor Sirius Real Estate booked a 26% rise in first-half profit underpinned by higher rental revenue and property valuations.
Pre-tax profit for the six months through September increased to €78.2 million, up from €62.2 million year-on-year.
Like-for-like annualised rent roll rose 2.5% to €98.9 million, driven by driven by a 2.6% increase in the like-for-like rate per square metre to €6.33.
Sirius declared an interim dividend of 2.04c per share, up 12% year-on-year.
The company noted that a high percentage of the German population had been vaccinated and that the country's economy was forecast to grow at around 4% in 2022.
'The improving economy and renewed market confidence has been reflected in a positive set of results for Sirius for the first half of the financial year,' chief executive Andrew Coombs said.