Sirius Real Estate Limited (LSE:SRE) is looking for acquisitions. The Group operates in two highly attractive markets, Germany and the UK, which have strong, long-term fundamentals. The Directors believe that the conditions in those markets currently present a significant near term pipeline of attractive acquisition opportunities, and the Capital Raise will provide the flexibility to execute on that pipeline and replenish funds to use opportunistically following several acquisitions in recent months.

The Directors believe that the real estate market dynamics in Germany, characterised by a resilient and well diversified economy spread across several large autonomous markets, a strong SME market, high replacement costs for light-industrial buildings and levels of investment, provide a strong backdrop to pursue its organic and acquisitions-led growth strategy over the medium term.