Business
Proposed capital raise of c. £75 million
Sirius Real Estate Limited announced its intention to raise approximately £75 million through a non-pre-emptive placing and a £2 million retail offer to fund two German acquisition opportunities valued at approximately €130 million (£113 million), with a focus on defence-related assets. The company expects these acquisitions, which have a blended EPRA net initial yield of 7.6%, to be completed in Q2 2026 and contribute to its mid-term ambition of growing funds from operations to €175 million per annum, while remaining accretive to FFO per share. The capital raise is expected to maintain the Group's net loan-to-value ratio below its 40% target. Disclaimer*
About this update from Sirius Real Estate Limited
[{"type":"text","content":"\n\nSIRIUS REAL ESTATE LIMITED\n(Incorporated in Guernsey)\nCompany Number: 46442\nJSE Share Code: SRE\nLSE (GBP) Share Code: SRE\nLEI: 213800NURUF5W8QSK566\nISIN Code: GG00B1W3VF54\n \nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SINGAPORE OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION.\n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED FOR THE PURPOSES OF ARTICLE 7 OF THE UK MARKET ABUSE REGULATION.\n \n16 February 2026\nSirius Real Estate Limited\n \nProposed capital raise of c. £75m to execute on near term acquisition pipeline\n \nSirius Real Estate Limited (\"Sirius\" or the \"Company\" and together with its subsidiaries, the \"Group\"), a leading owner and operator of branded business and industrial parks providing conventional space and flexible workspace in Germany and the United Kingdom (\"UK\"), announces its intention to conduct a non-pre-emptive placing of new ordinary shares in the Company (\"Ordinary Shares\") to raise gross proceeds of approximately £75m, representing approximately 5% of the Company's issued share capital and a separate retail offer of approximately £2m (the \"Capital Raise\") to enable the Company to execute on two attractive acquisition opportunities in Germany with a particular focus on defence-related assets and tenants in the near term, with an estimated total value of approximately €130m (£113m). The issue and allotment of the new Ordinary Shares will be within the existing authorities of the Company's Board of Directors.\n \nThe Capital Raise will comprise an institutional placing (the \"Placing\") that will be conducted through an accelerated book building process (the \"Bookbuild\"), which will be launched immediately following this Announcement, and will be made available to new and existing eligible investors, a placing to selected qualified investors in South Africa (the \"South Africa Placing\") and an offer of new Ordinary Shares in the Company to be made on behalf of the Company by RetailBook Limited on its online platform (which will provide new and existing retail investors in the U...