Sirius to acquire defence business park near Munich for R878 million

SIRIUS Real Estate plans to acquire a defence-anchored business park near Munich for €43.7 million (R878.17 m), the owner of branded business and industrial parks in the UK and Germany announced yesterday.

- EDWARD WEST

The JSE and London Stock Exchange listed group said Monday it has notarised the acquisition of a business park in Feldkirchen, Germany.

This transaction means Sirius will have acquired around €340m (R6.9 billion) of income-producing assets across the UK and Germany so far in 2025. This has included properties in Dresden, Litbeck, Munich, Reinsberg, Monchengladbach, Hartlebury, Bedford, Oldham and Chalcroft.

“In our first half trading update earlier this month, we noted that we expected our acquisition programme to be more weighted towards Germany in the last six months of our financial year, and this transaction underscores that sentiment,” CEO Andrew Coombs said in a statement.