REG - Sirius Real Estate - Sirius to acquire business park in Hamburg

Sirius Real EstateAnnouncement

Today 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251127:nRSa1767Ja&default-theme=true

RNS Number : 1767J  Sirius Real Estate Limited  27 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

 

27 November 2025

Sirius Real Estate Limited

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

Sirius to acquire multi-tenant business park in Hamburg for €31.9 million

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 notarised the acquisition of a multi-tenant business
park in Hamburg, Germany, for €31.9 million (including acquisition costs).

Located in Hamburg-Rothenburgsort, northern Germany´s largest continuous
industrial area, the site has a gross lettable area of 29,448 sqm. The park is
well connected to central Hamburg, which is an 11 minute drive away, as well
as to a number of Sirius' other assets in the region, with the business'
closest Hamburg asset located a 30 minute drive away, providing operational
synergies.

The purchase terms reflect an EPRA Net Initial Yield of 6.1%. The business
park currently generates €2.15 million of annualised rent roll per annum and
is 89% occupied, providing a number of value creation opportunities through
leasing of vacant space and future development. The site is also occupied by
several smaller tenants whose shorter leases offer potential for upside from
their current rental levels and further offers a potential new build
opportunity with an existing large tenant.

 

The asset, which was recently substantially renovated, is occupied by a number
of leading businesses across a wide variety of sectors with the two main
tenants contributing over 20% of the rent roll and benefiting from a combined
WALE of 3.1 years. The site occupies a prime site within the Rothenburgsort
industrial area, close to the Hamburg port.

 

Andrew Coombs, Chief Executive Officer of Sirius Real Estate, commented: "The
acquisition of our fifth Hamburg business park will generate day one income
and offers further significant potential to improve rental tone, grow
occupancy and grow revenue through onsite development. Following our
acquisition of a business park in nearby Lübeck earlier this year, the asset
is another exciting addition to our portfolio in the Hamburg region and wider
Northern German area. The transaction also builds on the momentum we have
achieved this calendar year, having made over €340 million of acquisitions
in the U.K. and Germany. Due to its strong economy and supportive macro
tailwinds, and having made a number of significant acquisitions in the U.K. in
the last couple of years, our main focus going into 2026 will be on seeking
attractive investments in Germany, where we have a strong pipeline of
opportunities that we are currently exploring."

 

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

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  ACQBFBLTMTITBPA



            Copyright 2019 Regulatory News Service, all rights reserved