Sirius Real Estate secures €300m credit facility

Sirius Real Estate, an owner and operator of business and industrial parks in Germany and the UK, has secured a new €300 mln unsecured revolving credit facility (RCF).

This new facility, with an initial three-year term, effectively doubles the size of their previous RCF from June 2025.

The RCF includes options for two one-year extensions and an "accordion feature" that could increase the facility by an additional €100 mln. The interest rate remains at 120 basis points above short-term EURIBOR, consistent with the original RCF. Loan covenants are also in line with the previous facility and, where possible, with the Group's 2032 bond. Sirius's overall weighted average cost of debt stays at 2.5%.

This new facility expands Sirius's banking relationships by adding Barclays to the syndicate, joining existing lenders ABN Amro, BNP Paribas, and HSBC. Panmure Liberum advised Sirius on this debt arrangement.

The increased RCF significantly enhances Sirius's financial flexibility, enabling the company to capitalise on favourable market conditions and its strong pipeline of potential acquisitions, while also providing efficient management of cash for bond refinancing.

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."

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 bn. Sirius also holds a 35% stake in Titanium, its €350.0 mln+ German-focused joint venture with clients of BNPP AM Alts.