SIRIUS REAL ESTATE LIMITED - Sirius to acquire multi-tenant business park in Hamburg for 31.9 million

Sirius to acquire multi-tenant business park in Hamburg for €31.9 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

27 November 2025

                                       Sirius Real Estate Limited

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

              Sirius to acquire multi-tenant business park in Hamburg for €31.9 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 multi-tenant business park in Hamburg, Germany, for €31.9 million (including acquisition costs).
Located 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.
The 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.

The 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.

Andrew 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 portfolio in the Hamburg region and wider Northern German area. The transaction also builds
on the momentum we have achieved this calendar year, having made over €340 million of acquisitions
in the U.K. and Germany. Due to its strong economy and supportive macro tailwinds, and having made
a number of significant acquisitions in the U.K. in the last couple of years, our main focus going into
2026 will be on seeking attractive investments in Germany, where we have a strong pipeline of
opportunities that we are currently exploring."

                                                  ENDS
For further information:

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

FTI Consulting (Financial PR)
Richard Sunderland / Giles Barrie / Ellie Sweeney / Talia Shirion
+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 UK. 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 billion, generating a total rent roll of €242.5
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/ or on X (Twitter) at
@SiriusRE

JSE Sponsor

PSG Capital

Date: 27-11-2025 09:00:00
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