Sirius Real Estate

Rent roll growth in the prior year was 7.7%, driven by strong performance in Germany. The sale of Kassel at above book value was positive. In the UK, BizSpace is performing well with rent roll growth exceeding £50 million for the first time. The Group’s balance sheet is strong with €112 million in cash reserves, and it refinanced a loan facility ahead of schedule. The new loan facility has a fixed interest rate of 4.25%, resulting in a weighted average cost of debt of 2.1% and an average debt expiry of 4.2 years from December 2023.
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