SIRIUS REAL ESTATE LIMITED - Sirius to acquire Reinsberg business park in Germany for 20.4 million

Sirius to acquire Reinsberg business park in Germany for €20.4 million

SIRIUS REAL ESTATE LIMITED
(Incorporated in Guernsey)
Company Number: 46442
JSE Share Code: SRE
LSE (GBP) Share Code: SRE
LEI: 213800NURUF5W8QSK566
ISIN Code: GG00B1W3VF54

04 February 2025

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

               Sirius to acquire Reinsberg business park in Germany for €20.4 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 business park in Reinsberg in Saxony, Germany, for €20.4 million.

The Reinsberg acquisition is 75% occupied, the majority of which is under a 10-year full repairing and
insuring lease to the vendor, generating a rental income of €1.5 million per annum. The 25% vacancy
provides Sirius with an opportunity to add value by utilising its management platform to lease up the
space, while having significant day one long term income. The purchase price represents a 6% EPRA
NIY after purchase costs.

The asset, completed in 2014, provides approximately 37,000 sqm of lettable space, of which around
29,000 sqm (78.4%) is high quality industrial production space, and has excellent connections to two
major motorways in the area. Its location close to the Klipphausen business park, which Sirius acquired
in February 2024, and another of the Company's parks in Dresden, will allow Sirius to take advantage
of operational synergies in the region to enhance the assets' performance.

Andrew Coombs, Chief Executive Officer of Sirius Real Estate, commented: "Our first acquisition of
the year at Reinsberg follows our significantly oversubscribed €350 million bond issuance in January,
and demonstrates both the strength of our pipeline and our ability to transact quickly. The acquisition
takes advantage of a situation where we can add income and also have an opportunity for significant
value creation. The purchase shows how we are able to leverage our platform to work with asset
owners on partial sale and leaseback transactions that help them better manage their balance sheets
while providing us with opportunities to enhance our portfolio."

                                                ENDS

For further information:
Sirius Real Estate
Andrew Coombs, CEO / Chris Bowman, CFO
+44 (0) 20 3059 0855

FTI Consulting (Financial PR)
Richard Sunderland / Ellie Sweeney / James McEwan
+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 2024, the Group's owned portfolio
comprised 145 assets let to 10,025 tenants with a total book value of €2.4 billion, generating a total
annualised rent roll of €214 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

Follow us on LinkedIn at https://www.linkedin.com/company/siriusrealestate/

Follow us on X (Twitter) at @SiriusRE

JSE Sponsor
PSG Capital

Date: 04-02-2025 09:00:00
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