Penningtons Manches Cooper advises Sirius Real Estate on £77 million multi-jurisdictional capital raise

The corporate team at Penningtons Manches Cooper has advised Sirius Real Estate Limited on a capital raise which resulted in gross proceeds of £77 million. The fundraising comprised an institutional placing in the UK, a placing to selected qualified investors in South Africa, and a retail offer of shares made on behalf of Sirius Real Estate by RetailBook Limited on its online platform.

Sirius Real Estate is a leading owner and operator of business parks, offices and mixed‑use workspaces across Germany and the UK, supporting businesses with flexible, well‑located spaces to grow and succeed. It has a dual-listing on the London Stock Exchange, where it is a member of the FTSE 250 index, and on the main board of the Johannesburg Stock Exchange. The funding will enhance Sirius Real Estate’s ability to continue delivering on its acquisition‑led growth strategy.

London-based corporate partner Adam Carling led the deal with assistance from corporate managing associate Giordano Suergiu and corporate associate Jenny Wright. It marks the third major fundraising transaction on which the Penningtons Manches Cooper corporate team has advised Sirius Real Estate since 2023, reflecting the firm’s ongoing role in supporting the company’s strategic growth.

Adam Carling said: “We were delighted to support Sirius Real Estate on this substantial fundraise, which represents another important step in the company’s ongoing growth strategy. With a clear focus on expanding and enhancing its portfolio across Germany and the UK, Sirius Real Estate continues to build strong momentum and reinforce its position in the market.”

Berenberg and Peel Hunt acted as joint global co-ordinators and joint bookrunners in respect of the UK placing. PSG Capital acted as sole bookrunner and placing agent in respect of the placing in South Africa.