Tue, 21 Nov 2023 | COMMERCIAL PROPERTY
Sirius Real Estate, an owner and operator of industrial parks and branded businesses in the UK and Germany, has raised around £146.6 million to finance a pipeline of acquisition opportunities. The capital raise follows several busy months for the firm, during which time it has made acquisitions in Barnsley, Liverpool and three in London.
The funding comprises an institutional placing conducted via an accelerated book building process, an offer of new ordinary shares in the company as well as a placing to selected qualified investors in South Africa.
The funding will give Sirius Real Estate the flexibility to execute on a pipeline of potential acquisition opportunities in the UK and Germany and replenish funds to use opportunistically, following its recent UK acquisitions.
Regarding the UK, Sirius Real Estate directors say that the country’s real estate market dynamics remain positive, characterised by the potential for strong rental growth, a growing level of near-shoring, solid market conditions for light industrial assets, a structural undersupply of multi-let assets and regional investment commitment from the UK government.
Sirius Real Estate Chief Executive Andrew Coombs commented: "The fundraise we are proposing this morning follows another positive set of financial and operational results from Sirius, which once more demonstrates our ability to drive value throughout the economic cycle.”
Coombs added: "During the period we have also been busy sourcing a strong pipeline of accretive investment opportunities at a time when we see real value in our sectors.”
"The proceeds of today's capital raise will allow us to execute on these acquisitions and add a number of high quality assets to the portfolio where we have identified the opportunity to grow our rental income as well as create value through Sirius' operating platform."
Read more about commercial property acquisition trends in the UK
The company offers a well-regarded own brand of hair care products focusing on hair growth and repair, featuring premium formulas that are natural, vegan, and cruelty-free. With a strong global presence and prestigious industry awards, the business h...
This business offers a cutting-edge process safety management platform with proprietary software that ensures proactive safety measures for both onshore and offshore assets. With a strong foothold in the oil and gas sector and recent expansion into i...
This business offers a comprehensive range of road surfacing and civil engineering services, supported by significant investments in state-of-the-art equipment and a recently acquired operational site in Scotland to optimise efficiencies. With robust...
03
|
Jul
|
Energy services firm completes third acquisition | BUSINESS SALE
Energy services firm Earnz plc has completed its third acqui...
03
|
Jul
|
Newcastle life sciences firm falls into administration and ceases trading | ADMINISTRATION
AMLo Biosciences, a life sciences firm based in Newcastle, h...
03
|
Jul
|
Matthew Freud exploring possible sale of eponymous PR consultancy | BUSINESS SALE
Leading public relations executive Matthew Freud (pictured) ...
08
|
Nov
|
Flexible workspace operator acquired for £245m | BUSINESS SALE
UK flexible workspace operator BizSpace has been acquired by...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.