Business
Sirius to acquire business park in Hamburg
Sirius Real Estate Limited has notarised the acquisition of a multi-tenant business park in Hamburg for €31.9 million, which includes acquisition costs and reflects an EPRA Net Initial Yield of 6.1%. The 29,448 sqm property generates €2.15 million in annualised rent roll and is 89% occupied, offering value creation opportunities through leasing vacant space and potential development. This acquisition, the company's fifth in Hamburg, aligns with its strategy to focus on attractive investments in Germany, building on over €340 million of acquisitions made this calendar year in both the UK and Germany. 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 \n27 November 2025\nSirius Real Estate Limited\n(\"Sirius Real Estate\", \"Sirius\", the \"Company\" or the \"Group\")\nSirius to acquire multi-tenant business park in Hamburg for €31.9 million\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 notarised the acquisition of a multi-tenant business park in Hamburg, Germany, for €31.9 million (including acquisition costs). \nLocated in Hamburg-Rothenburgsort, northern Germany´s largest continuous industrial area, the site has a gross lettable area of 29,448 sqm. The park is well connected to central Hamburg, which is an 11 minute drive away, as well as to a number of Sirius' other assets in the region, with the business' closest Hamburg asset located a 30 minute drive away, providing operational synergies.\nThe purchase terms reflect an EPRA Net Initial Yield of 6.1%. The business park currently generates €2.15 million of annualised rent roll per annum and is 89% occupied, providing a number of value creation opportunities through leasing of vacant space and future development. The site is also occupied by several smaller tenants whose shorter leases offer potential for upside from their current rental levels and further offers a potential new build opportunity with an existing large tenant. \n \nThe asset, which was recently substantially renovated, is occupied by a number of leading businesses across a wide variety of sectors with the two main tenants contributing over 20% of the rent roll and benefiting from a combined WALE of 3.1 years. The site occupies a prime site within the Rothenburgsort industrial area, close to the Hamburg port.\n \nAndrew Coombs, Chief Executive Officer of Sirius Real Estate, commented: \"The acquisition of our fifth Hamburg business park will generate day one income and offers further significant potential to improve rental tone, grow occupancy and grow revenue through onsite development. Following our acquisition of a business park in nearby Lübeck earlier this year, the asset is another exciting addition to our portfoli...