Sirius Real Estate completes over €100M of acquisitions and disposes of UK asset

These include: Vantage Point Business Village in Gloucestershire, U.K., which has been acquired for £48.25 million (€56.4 million); a business park in Köln, which has been acquired for €20.0 million (£17.2 million); a multi-tenanted business park in Göppingen, which has been acquired for €19.8 million (£17.0 million); and an industrial park and adjacent land parcel in Klipphausen, near Dresden, which has been acquired for €13.75 million (£11.8 million).

In total, the acquisitions will add more than 1.5 million sq ft (139,000 sqm) of primarily industrial space to the Group's BizSpace portfolio, and just under 72,000 sqm of predominantly industrial space to the Group's German portfolio. The acquisitions have been made using the proceeds of November's €165 million (£147 million) capital raise.

All four of these assets are situated in highly desirable micro-locations and benefit from good transport networks and connectivity. They are also all located in close proximity to other Sirius or BizSpace sites, with the Köln business park to be the fourth asset owned and operated by the Company in and around Köln, and the Göppingen site to be the tenth asset in the area surrounding Stuttgart, enabling the Company to leverage a number of operational synergies with existing sites alongside its local market expertise.

Separately, the Company announces that it has completed on the disposal of a light industrial asset in Stoke-on-Trent, U.K., for £3 million. The asset, which comprises just over 55,097 sq ft (c. 5,118 sqm) of industrial space, was sold at a 1% premium to the last reported book value and was deemed non-core to the business going forwards.