In mid-February 2026, Sirius Real Estate successfully completed a capital raise of £75 million (net proceeds) to accelerate its acquisition-led growth strategy across Germany and the UK. The equity raise was multiple times oversubscribed, reflecting strong investor appetite for high-yield industrial and business park assets during the current market cycle.
Under the leadership of CEO Andrew Coombs, the firm is specifically targeting a pipeline of accretive opportunities in Germany valued at approximately €130 million (£113 million).
Strategic Focus: The “Defense-Led” Expansion
A notable shift in Sirius’s 2026 strategy is the prioritization of assets with high government-backed demand, particularly within the German defense sector.
Targeted Yields: The primary acquisitions in the current pipeline carry a blended EPRA net initial yield of 7.6%, which is expected to be accretive to Funds From Operations (FFO) per share.
Defense Tenant Mix: One of the key near-term targets is a large production site in southwest Germany involving a long-term sale-and-leaseback with a defense-related tenant.
Portfolio Scale: As of early 2026, Sirius manages a portfolio valued at approximately €2.8 billion, comprising over 150 assets and 10,000+ tenants.
2026 Acquisition Metrics and Portfolio Performance
The firm’s success is built on an “active asset management” model—acquiring under-managed sites and reconfiguring them to improve occupancy and rental rates.
| Metric | 2026 Status / Target | Strategic Driver |
| Capital Raise | £75 Million (Net) | Issued 75.5M new shares at 102.0 pence. |
| Gearing Target | < 35% LTV | Aiming to reduce leverage while maintaining flexibility. |
| Rent Roll Growth | +15.2% (Year-over-Year) | Driven by a 5.2% like-for-like increase plus new acquisitions. |
| Dividend Policy | Progressive | 24th consecutive progressive payout confirmed for 2026. |
Operational Resilience in High-Interest Environments
Despite broader economic pressures in Europe, Sirius has maintained high occupancy levels by focusing on “non-prime” segments in key cities. In Germany, the company recently benefited from an annual 1% reduction in the corporate tax rate (from 15% down to 10% through 2032), which has significantly released deferred tax liabilities and boosted net profits.
“The success of this fund raise demonstrates the continued support for our strategy… The assets we are buying provide stable day one income from well-established occupiers, including those where income is government-backed.” — Andrew Coombs, February 2026
