Sirius Real Estate Ltd - London and Johannesburg-listed property investor - Intends to raise about £75 million through a non-pre-emptive placing of new shares, representing around 5% of its issued share capital. Also announces a separate retail offer of about £2 million. Says on Monday proceeds will to allow it to fund two ‘attractive’ acquisition opportunities in Germany, with a particular focus on defence-related assets. The capital raise will comprise an institutional placing that will be conducted through an accelerated book building process, which will be launched immediately. A retail offer of new shares will be made on behalf of the company by RetailBook Ltd on its online platform. Sirius believes that the real estate market dynamics in Germany provide a sound backdrop to pursue its organic and acquisitions-led growth strategy over the medium-term.
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