5th Oct 2026 08:22
(Alliance News) - Sirius Real Estate Ltd said on Monday it had delivered a double-digit rise rent roll for the first six months of its financial year, driven by acquisition and organic growth.
The London and Johannesburg-listed property investor achieved 11% rent roll growth year-on-year for the ended that September 30.
The company said it had continued to deliver strong organic growth, with like-for-like rent roll rising 5.1% year on year.
Germany and the UK performed at broadly similar levels of organic growth, while the acquisitive growth was centred on Germany.
The group continued to grow acquisitively, deploying about EUR150 million into acquisitions during the first half, including the defence-focused Kiel and Fulda sites, Sirius Chief Executive Officer Andrew Coombs said.
The business in Germany traded robustly during the company's seasonally weaker first half, achieving like-for-like rent roll growth, as well as occupancy and rate growth, Sirius said.
Sirius is "well positioned" to continue delivering growth in the second half in Germany, it added.
In the UK, Sirius said it continued to optimise the estate through the disposal of two smaller sites in the Sheffield area. It expects a "more benign" environment for the UK business going into its 2028 financial year.
The property group said its acquisition pipeline remains strong, retaining more than EUR250 million of liquidity to support future growth opportunities.
Sirius plans to release its interim financial results on November 16.
Shares in Sirius were up 0.1% at 86.75 pence each in London on Monday morning. In Johannesburg, they were marginally higher to ZAR19.21.
By Artwell Dlamini, Alliance News senior reporter South Africa
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