Sirius Real Estate Limited () said rental income grew by 7.6% in the year to end-March in spite of the impact of Coronavirus (COVID-19) on Germany, where it operates.
The business park specialist added that like-for-like rental growth was 5.2%, the seventh year running growth had topped 5%.
Annualised rent roll was €97.2mln (2020: €90.3mln), with rents rising on average by 3.5% to €6.17 per square metre.
Cash collection was 98.2% for the twelve-month period while the total occupancy increased to 87.0% (2020: 85.3%).
Andrew Coombs, chief executive, said: “Over the past 12 months we have continued to grow Sirius, both from an operational perspective and through the acquisition of further assets where we see a clear opportunity to add value and increase income in the future.
The fact that we achieved our seventh year of like for like rent roll growth of above five per cent alongside increases in many of our key performance indicators is all the more pleasing given the unprecedented headwinds created by the COVID-19 pandemic.”
Read More: Sirius Real Estate Limited reports strong rental growth and good cash collection