SIRIUS REAL ESTATE LIMITED - Sirius completes acquisition of business park in Feldkirchen near Munich

Sirius completes acquisition of business park in Feldkirchen near Munich

SIRIUS REAL ESTATE LIMITED
(Incorporated in Guernsey)
Company Number: 46442
JSE Share Code: SRE
LSE (GBP) Share Code: SRE
LEI: 213800NURUF5W8QSK566
ISIN Code: GG00B1W3VF54

21 November 2025

                                       Sirius Real Estate Limited

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

              Sirius completes acquisition of business park in Feldkirchen near Munich

Sirius Real Estate, the leading owner and operator of branded business and industrial parks providing
conventional space and flexible workspace in Germany and the U.K., has completed the acquisition of
a business park in Feldkirchen, Munich, Germany, for €43.7 million (including acquisition costs). Sirius
announced that it had notarised the transaction on 20 October 2025.

Feldkirchen business park currently generates €3.4 million of annualised rent roll per annum and is
94% occupied with a 7.8 year weighted average unexpired lease term. This includes several smaller
tenants on shorter leases which offer potential for upside from their current rental levels. The purchase
terms reflect an EPRA Net Initial Yield of 7.8%.

The asset is anchored by Excelitas, a leading designer and manufacturer of high-performance optical
and photonic solutions for defence, aerospace, medical and industrial applications, which occupies
72% of the park on a lease with 10.2 years to expiry. Other tenants include OVOL Papier, a subsidiary
of global paper conglomerate Japan Pulp & Paper Group, the IWV Institut für Wirtschaftsmathematik
and a subsidiary of Bosch.

Andrew Coombs, Chief Executive Officer of Sirius Real Estate, commented: "The completion of this
acquisition brings another €3.4 million of annualised rent roll to the Group, on top of the €20 million
we have already added so far this year. It also gives us ownership of a high quality business park which
we expect to be a direct beneficiary of the ramp up in defence spending in Germany. Our portfolio of
€2.8 billion of industrial focused property is well positioned to provide attractive opportunities for
future growth utilising our proprietary in-house asset management platform."

                                                 ENDS

For further information:
Sirius Real Estate
Andrew Coombs, CEO / Chris Bowman, CFO
+44 (0) 20 3059 0855

FTI Consulting (Financial PR)
Richard Sunderland / Giles Barrie / Ellie Sweeney / Talia Shirion
+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 UK. 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 €242.5
million. Sirius also holds a 35% stake in Titanium, its €350+ million German-focused joint venture with
clients of AXA IM 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

Follow us on LinkedIn at https://www.linkedin.com/company/siriusrealestate/ or on X (Twitter) at
@SiriusRE

JSE Sponsor

PSG Capital

Date: 21-11-2025 09:00:00
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