Sirius Real Estate Limited (LSE:SRE) acquired Two business parks in Köln (Cologne) and in Göppingen for ?40 million on February 12, 2024. The acquisitions have been made using the proceeds of November's ?165 million capital raise. The business park in Köln, Germany's fourth largest city, in Nord-Rhein Westphalia, comprises 19,114 sqm of principally light industrial space. The property has been notarised at a price of ?20.0 million and currently generates total rental income of ?1.67 million and an annualised net operating income of ?1.56 million, representing a gross yield at acquisition of 8.4% and an EPRA net initial yield of 7.3%. In Göppingen, a city in the state of Baden-Württemberg, south east of Stuggart in southern Germany, Sirius is acquiring a multi-tenanted business park with a total lettable area of approximately 35,160 sqm across primarily light industrial and production space. The acquisition has been notarised at ?19.8 million and generates total rental income of ?1.78 million and an annualised net operating income of ?1.47 million. FTI Consulting act as Financial PR for Sirius Real Estate Limited.

Sirius Real Estate Limited (LSE:SRE) completed the acquisition of Two business parks in Köln (Cologne) and in Göppingen on February 12, 2024