Sirius Real Estate has issued €105 million in new notes to be consolidated with its existing €359.9 million 1.75% bonds due in November 2028 which were originally issued in November 2021. The issuance is the second tap of the original €300 million bonds following a successful €59.9 million raise in May 2024.

The new notes were priced in line with current trading levels of the November 2021 notes, and the issuance was executed directly with HSBC Continental Europe, the sole lead manager. This follows strong demand for the Company’s €350 million seven-year bond issued in January 2025.

Sirius says the proceeds of the new notes will be used towards it pipeline of potential acquisitions in Germany and the UK as well as for general corporate purposes.

“This latest bond tap underscores confidence in our strategy, platform and portfolio. The €105 million proceeds enhance our capacity to pursue accretive growth, while maintaining disciplined leverage and preserving our net LTV within our long-standing guidance of below 40%. Having undertaken some €300 million of acquisitions this year, including the recently announced £101.1 million acquisition of the Hartlebury Trading Estate which was transformational for our BizSpace platform in the U.K., we continue to see attractive opportunities to scale our business in both Germany and the U.K. This additional funding will help support that growth,” says Chris Bowman, CFO of Sirius Real Estate.