REG - Sirius Real Estate - Sirius completes acquisitions in Germany and U.K.

Sirius Real EstateAnnouncement

Tue 07:00

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RNS Number : 5383X  Sirius Real Estate Limited  02 September 2025

SIRIUS REAL ESTATE LIMITED

(Incorporated in Guernsey)

Company Number: 46442

JSE Share Code: SRE

LSE (GBP) Share Code: SRE

LEI: 213800NURUF5W8QSK566

ISIN Code: GG00B1W3VF54

 

2 September 2025

Sirius Real Estate Limited

("Sirius Real Estate", "Sirius", the "Company" or the "Group")

Sirius completes acquisitions in Dresden, Germany and Southampton, U.K.

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 the previously announced
acquisitions of a business park in Dresden, Germany, for €23.4
million (including acquisition costs), and of Chalcroft Business Park in
Southampton, U.K., for £38.6 million (including acquisition costs), together
with an adjoining 4.5 acre development site with outline planning permission,
for a further £4.2 million (including acquisition costs).

The Dresden acquisition was completed on an expedited basis following
notarisation in early August, facilitated by the vendor entering into a
one-year sale and leaseback agreement.  Sirius' strategy to reposition the
site as a multi-tenanted business park is already under way and has attracted
strong initial interest from prospective occupiers. The asset, Sirius' fourth
in the Dresden area, currently generates a net operating income of €2.1
million and was acquired at an EPRA net initial yield of 9.13%.

Completion of the Chalcroft Business Park acquisition followed the fulfilment
of a condition relating to increased on-site power capacity, supporting future
expansion and development. Discussions are already under way with a
prospective tenant regarding the build-out of the adjacent development land,
which has the potential to deliver significant value creation. The business
park currently generates a net operating income of £2.1 million and has been
acquired at an EPRA net initial yield of 5.5%.

Both assets are located in highly desirable areas with strong transport
connectivity. Southampton is a leading commercial and logistics hub on the
South Coast, benefitting from excellent road, port, rail, and air links.
Dresden continues to attract significant inward investment, notably the €10
billion semiconductor facility developed by Taiwan Semiconductor Manufacturing
Company, which is driving strong tenant demand for Sirius' portfolio in the
region. The newly acquired site is expected to benefit from similar momentum.

Andrew Coombs, Chief Executive Officer of Sirius Real Estate, commented: "The
completion of these two acquisitions immediately adds €4.5 million of
annualised income to Sirius' €2.7 billion portfolio in Germany and the U.K.
More importantly, they provide attractive opportunities to leverage our
platform to grow revenues and unlock new income streams through active asset
management, enhancing yields while capitalising on the assets' strategic
locations where we already have an established presence. Both acquisitions are
fully aligned with our strategy of developing a diversified mix of flexible
out-of-town business and industrial space tailored to local market demand,
while supporting Sirius' broader sustainability objectives.

"With nearly €300 million of new investments secured so far this year, we
are clearly demonstrating our ability to source and execute accretive
transactions that strengthen our rent roll today and we expect will in the
longer term deliver significant value for investors through development and
repositioning initiatives."

ENDS

For further information:

Sirius Real Estate

Andrew Coombs, CEO / Chris Bowman, CFO

+44 (0) 20 3059 0855

 

FTI Consulting (Financial PR)

Richard Sunderland / Giles Barrie / James McEwan / Ellie Sweeney

+44 (0) 20 3727 1000

SiriusRealEstate@fticonsulting.com

 

NOTES TO EDITORS

About Sirius Real Estate

Sirius is a property company listed on the equity shares (commercial
companies) category of the London Stock Exchange and the premium segment of
the main board of the JSE Limited. It is a leading owner and operator of
branded business and industrial parks providing conventional space and
flexible workspace in Germany and the UK. As of 31 March 2025, the Group's
portfolio comprised 145 assets let to 10,477 tenants with a total book value
of over €2.7 billion, generating a total annualised rent roll of €221.4
million. Sirius also holds a 35% stake in Titanium, its €350+ million
German-focused joint venture with clients of AXA IM Alts.

The Company's strategy centres on acquiring business parks at attractive
yields and integrating them into its network of sites - both under the Sirius
and BizSpace names and alongside a range of branded products. The business
then seeks to reconfigure and upgrade existing and vacant space to appeal to
the local market via intensive asset management and investment and may then
choose to refinance or dispose of assets selectively once they meet maturity,
to release capital for new investment. This active approach allows the Company
to generate attractive returns for shareholders through growing rental income,
improving cost recoveries and capital values, and enhancing returns through
securing efficient financing terms.  For more information, please
visit: www.sirius-real-estate.com (http://www.sirius-real-estate.com/)

Follow us on LinkedIn at https://www.linkedin.com/company/siriusrealestate/
(https://www.linkedin.com/company/siriusrealestate/) or on X (Twitter) at
@SiriusRE

JSE Sponsor

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