REG - Sirius Real Estate - Sirius secures €300M Revolving Credit Facility

Sirius Real EstateAnnouncement

18/03/2026 07:00

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RNS Number : 0420X  Sirius Real Estate Limited  18 March 2026

SIRIUS REAL ESTATE LIMITED

(Incorporated in Guernsey)

Company Number: 46442

JSE Share Code: SRE

LSE (GBP) Share Code: SRE

LEI: 213800NURUF5W8QSK566

ISIN Code: GG00B1W3VF54

 

18 March 2026

Sirius Real Estate Limited

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

 

Sirius secures increased €300 million Revolving Credit Facility

- New RCF doubles available liquidity, supporting acquisitions and enhancing
cash management through bond refinancings -

Sirius Real Estate, the leading owner and operator of branded business and
industrial parks providing conventional space and flexible workspace in
Germany and the UK, has secured a new €300 million unsecured revolving
credit facility ("RCF" or the "Facility") with four lenders and an initial
three-year term, replacing and doubling in size the Company's existing RCF
that was put in place in June 2025.  The RCF has two one-year extension
options and an accordion feature allowing the facility to be increased by up
to an additional €100 million.

Pricing remains unchanged vs the original €150 million RCF with a margin of
120bps over short term EURIBOR. Covenants remain as per the original €150
million facility and are aligned, where possible, to the Group's 2032 bond
issued in January 2025. The Group's weighted average cost of debt remains at
2.5%.

The RCF further diversifies Sirius' banking relationships, adding Barclays as
lenders for the first time, alongside the original RCF's participating banks,
ABN Amro, BNP Paribas and HSBC. Panmure Liberum acted as debt advisor to the
Company.

The Facility significantly enhances Sirius' financial flexibility, allowing
the Company to continue to take advantage of supportive long-term market
tailwinds and its strong acquisition pipeline, while efficiently managing cash
balances through bond refinancing windows.

Chris Bowman, CFO, commented, "Alongside our recent equity fundraise, this
significantly increased RCF provides additional flexibility to capitalise on
our exciting pipeline of opportunities and manage our balance sheet
efficiently.  It also diversifies our debt relationships by adding Barclays
to our lender roster.  Importantly, this new facility demonstrates the strong
support we continue to receive from existing and new financing partners."

ENDS

 

For further information:

Sirius Real Estate

Chris Bowman, CFO

+44 (0) 20 3059 0855

 

FTI Consulting

Richard Sunderland / Giles Barrie / Ellie Sweeney/ Talia Shirion / Ellie Smith

+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 U.K. As of 30 September 2025, the
Group's portfolio comprised 153 assets let to 10,958 tenants with a total book
value of €2.8 billion, generating a total rent roll of €242.5m. Sirius
also holds a 35% stake in Titanium, its €350.0m+ German-focused joint
venture with clients of BNPP AM 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/)

 

Follow us on X (Twitter) at @SiriusRE

 

JSE Sponsor

PSG Capital

 

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