Sirius secures €300M Revolving Credit Facility

Summary by AI ^BETAClose X

Sirius Real Estate Limited has secured a new €300 million unsecured revolving credit facility, doubling its previous facility and providing enhanced financial flexibility for acquisitions and cash management. This three-year facility, with two one-year extension options and an accordion feature for an additional €100 million, maintains the previous margin of 120bps over short-term EURIBOR and aligns covenants with the Group's 2032 bond. The facility diversifies banking relationships by adding Barclays alongside ABN Amro, BNP Paribas, and HSBC, and supports the company's strategy to capitalize on market opportunities and its acquisition pipeline, with the weighted average cost of debt remaining at 2.5%.

Disclaimer*

Sirius Real Estate Limited

18 March 2026

SIRIUS REAL ESTATE LIMITED

(Incorporated in Guernsey)

Company Number: 46442

JSE Share Code: SRE

LSE (GBP) Share Code: SRE

LEI: 213800NURUF5W8QSK566

ISIN Code: GG00B1W3VF54

18 March 2026

Sirius Real Estate Limited

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

Sirius secures increased €300 million Revolving Credit Facility

- New RCF doubles available liquidity, supporting acquisitions and enhancing cash management through bond refinancings -

Sirius Real Estate, the leading owner and operator of branded business and industrial parks providing conventional space and flexible workspace in Germany and the UK, has secured a new €300 million unsecured revolving credit facility ("RCF" or the "Facility") with four lenders and an initial three-year term, replacing and doubling in size the Company's existing RCF that was put in place in June 2025. The RCF has two one-year extension options and an accordion feature allowing the facility to be increased by up to an additional €100 million.

Pricing remains unchanged vs the original €150 million RCF with a margin of 120bps over short term EURIBOR. Covenants remain as per the original €150 million facility and are aligned, where possible, to the Group's 2032 bond issued in January 2025. The Group's weighted average cost of debt remains at 2.5%.

The RCF further diversifies Sirius' banking relationships, adding Barclays as lenders for the first time, alongside the original RCF's participating banks, ABN Amro, BNP Paribas and HSBC. Panmure Liberum acted as debt advisor to the Company.

The Facility significantly enhances Sirius' financial flexibility, allowing the Company to continue to take advantage of supportive long-term market tailwinds and its strong acquisition pipeline, while efficiently managing cash balances through bond refinancing windows.

Chris Bowman, CFO, commented, "Alongside our recent equity fundraise, this significantly increased RCF provides additional flexibility to capitalise on our exciting pipeline of opportunities and manage our balance sheet efficiently. It also diversifies our debt relationships by adding Barclays to our lender roster. Importantly, this new facility demonstrates the strong support we continue to receive from existing and new financing partners."

ENDS

For further information:

Sirius Real Estate

Chris Bowman, CFO

+44 (0) 20 3059 0855

FTI Consulting

Richard Sunderland / Giles Barrie / Ellie Sweeney/ Talia Shirion / Ellie Smith

+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 U.K. 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 €242.5m. Sirius also holds a 35% stake in Titanium, its €350.0m+ German-focused joint venture with clients of BNPP AM 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

JSE Sponsor

PSG Capital

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END