Sirius Real Estate raises €59.9m in bond tap for acquisitions

Business park owner Sirius Real Estate said it had raised €59.9m through a bond note issue to fund a “significant pipeline” of potential acquisitions.

The issue was backed by a single unnamed international institutional investor which had approached the company “wishing to support our long term strategy”, Sirius said.

"This tap Issuance follows our successful €165m equity raise last November and further demonstrates the continued appeal of our strategy, platform and portfolio to both credit and equity investors,” said finance chief Chris Bowman.

Reporting by Frank Prenesti for Sharecast.com