Sirius Real Estate raises €89m for German acquisitions

Sirius Real Estate completed its recent capital raise, issuing 75,490,196 new ordinary shares, generating gross proceeds of £77 mln (€89.5 mln).

Sirius Collin Park

This capital raise, which represents about 5% of the company's existing shares, will allow Sirius to acquire two properties in Germany, primarily focusing on defence-related assets and tenants, valued at approximately €130 mln (£113 mln).
The offer price represented a slight premium to the closing share price and the 30-day volume-weighted average price. The company gained strong support from both new and existing shareholders, with senior management also subscribing for shares. 
Berenberg, Peel Hunt, and PSG Capital managed the share placement.
The new shares are expected to begin trading on the London Stock Exchange and the JSE around 20 February 2026, and will have the same rights as existing shares. Following this issuance, the total number of voting shares in Sirius Real Estate will be 1,588,665,840.
Commenting on the transaction, Andrew Coombs, CEO of Sirius Real Estate, said: "The two German assets we are buying are in established locations, with strong tenants, high occupancy and stable day one income. They are complementary to our existing value-add portfolio in Germany and the UK and increase our exposure to the fast-growing defence sector.  We will continue to progress our pipeline with a firm focus on disciplined capital allocation and recycling to achieve our recently increased medium-term FFO target of €175 mln."