Business
Sirius completes acquisition of business park
Sirius Real Estate Limited has finalized the acquisition of a business park in Feldkirchen, Munich, for €43.7 million, which generates €3.4 million in annual rent roll and is 94% occupied with a 7.8-year weighted average unexpired lease term. This acquisition, which includes significant tenants like Excelitas and a subsidiary of Bosch, reflects an EPRA Net Initial Yield of 7.8% and is expected to benefit from increased defense spending in Germany. The company also noted that this adds to the €20 million in annualised rent roll already secured this year, reinforcing its strategy of acquiring and enhancing industrial-focused properties within its €2.8 billion portfolio. 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 \n21 November 2025\nSirius Real Estate Limited\n(\"Sirius Real Estate\", \"Sirius\", the \"Company\" or the \"Group\")\nSirius completes acquisition of business park in Feldkirchen near Munich\nSirius 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 completed the acquisition of a business park in Feldkirchen, Munich, Germany, for €43.7 million (including acquisition costs). Sirius announced that it had notarised the transaction on 20 October 2025.\nFeldkirchen business park currently generates €3.4 million of annualised rent roll per annum and is 94% occupied with a 7.8 year weighted average unexpired lease term. This includes several smaller tenants on shorter leases which offer potential for upside from their current rental levels. The purchase terms reflect an EPRA Net Initial Yield of 7.8%.\nThe asset is anchored by Excelitas, a leading designer and manufacturer of high-performance optical and photonic solutions for defence, aerospace, medical and industrial applications, which occupies 72% of the park on a lease with 10.2 years to expiry. Other tenants include OVOL Papier, a subsidiary of global paper conglomerate Japan Pulp & Paper Group, the IWV Institut für Wirtschaftsmathematik and a subsidiary of Bosch.\nAndrew Coombs, Chief Executive Officer of Sirius Real Estate, commented: \"The completion of this acquisition brings another €3.4 million of annualised rent roll to the Group, on top of the €20 million we have already added so far this year. It also gives us ownership of a high quality business park which we expect to be a direct beneficiary of the ramp up in defence spending in Germany. Our portfolio of €2.8 billion of industrial focused property is well positioned to provide attractive opportunities for future growth utilising our proprietary in-house asset management platform.\"\nENDS\nFor further information:\nSirius Real Estate\nAndrew Coombs, CEO / Chris Bowman, CFO\n+44 (0) 20 3059 0855\n \nFTI Consulting (Financial PR)\nRichard Sunderland / Giles Barrie / Ellie Sween...