Sirius Real Estate has achieved a 12.8% year-on-year increase in rent roll for its financial year ended 31^st March 2025, driven by a combination of strong growth, its ongoing asset acquisition programme, and strong demand for space at its business parks.

On a like-for-like basis, the Group’s rent roll has accelerated since the first half of the year, equating to a total annual increase of 6.3% when compared to 31^st March 2024 and marking the 11^th consecutive year of rent roll growth of more than 5%. Sirius says that similar levels of growth have been achieved across both the Germany and the UK, and it expects to deliver full year results in line with market expectations.

Sirius continues to acquire assets in the UK and Germany, noting that it is looking forward to completing its recently announced acquisitions during the first quarter of its new financial year. Over the past year, the Group has notarised and/or completed 11 acquisitions with an aggregate investment of more than €250 million.

The Group raised a €350 million, seven-year corporate bond in January 2025 at a coupon rate of 4%. In addition, it raised debt in Germany at an interest cost of 3.26%.

“Over the course of 2024 our focus on growth, asset management and demonstrating the value Sirius’ platform can bring to our occupiers allowed us to deliver a strong performance, with momentum building strongly as we finished the year,” comments Andrew Coombs, CEO of Sirius Real Estate.

“We have a strong balance sheet and have demonstrated our ability to raise debt at attractive levels, which will allow us to execute our healthy pipeline of further investment opportunities. While there is undoubtedly some heightened macro uncertainty at the moment, we feel that our assets will continue to prove their resilience and attractiveness to occupiers. We believe the Group is well placed to benefit from the positive impact of the recently announced German defence and infrastructure spending plans, which are widely expected to provide a clear catalyst for economic growth in Germany with a read across to the UK.”

Sirius Real Estate will announce its results for the financial year ended 31^st March 2025 in early June 2025.