18th Mar 2026 10:12
Sirius Real Estate Ltd - London and Johannesburg-listed property investor - Secures a new EUR300 million unsecured revolving credit facility with four lenders and an initial three-year term, replacing and doubling in size its existing facility signed in June 2025. Pricing remains unchanged, compared to the original EUR150 million facility, with a margin of 120 basis points over short term Euribor.
Sirius says the facility significantly enhances its financial flexibility, allowing it to continue to take advantage of supportive long-term market tailwinds and its strong acquisition pipeline. "Alongside our recent equity fundraise, this significantly increased RCF provides additional flexibility to capitalise on our exciting pipeline of opportunities and manage our balance sheet efficiently," Sirius Chief Executive Officer Chris Bowman says.
Current stock price in Johannesburg: ZAR22.26, up 0.9% on Wednesday
12-month change in Johannesburg: up 11%
Stock price in London: 100.20 pence, up 0.4%
12-month change in London: up 18%
By Artwell Dlamini, Alliance News senior reporter South Africa
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