REG - Sirius Real Estate - Sirius completes acquisition of business park

Sirius Real EstateAnnouncement

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RNS Number : 4450I  Sirius Real Estate Limited  21 November 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

 

21 November 2025

Sirius Real Estate Limited

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

Sirius completes acquisition of business park in Feldkirchen near Munich

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 acquisition of a business park in
Feldkirchen, Munich, Germany, for €43.7 million (including acquisition
costs). Sirius announced that it had notarised the transaction on 20 October
2025.

Feldkirchen business park currently generates €3.4 million of annualised
rent roll per annum and is 94% occupied with a 7.8 year weighted average
unexpired lease term. This includes several smaller tenants on shorter leases
which offer potential for upside from their current rental levels. The
purchase terms reflect an EPRA Net Initial Yield of 7.8%.

The asset is anchored by Excelitas, a leading designer and manufacturer of
high-performance optical and photonic solutions for defence, aerospace,
medical and industrial applications, which occupies 72% of the park on a lease
with 10.2 years to expiry. Other tenants include OVOL Papier, a subsidiary of
global paper conglomerate Japan Pulp & Paper Group, the IWV Institut für
Wirtschaftsmathematik and a subsidiary of Bosch.

Andrew Coombs, Chief Executive Officer of Sirius Real Estate, commented: "The
completion of this acquisition brings another €3.4 million of annualised
rent roll to the Group, on top of the €20 million we have already added so
far this year.  It also gives us ownership of a high quality business park
which we expect to be a direct beneficiary of the ramp up in defence spending
in Germany. Our portfolio of €2.8 billion of industrial focused property is
well positioned to provide attractive opportunities for future growth
utilising our proprietary in-house asset management platform."

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 / Ellie Sweeney / Talia Shirion

+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 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 €242.5 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

PSG Capital

 

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