Sirius Real Estate announced that it has completed three transactions totaling €26.0 million (including acquisition costs). These comprise two previously announced acquisitions (Norderstedt, Hamburg for €9.1 million and Nuremberg for €13.7 million), and a new acquisition for €3.2 million immediately adjacent to the Company's existing Mannheim II business park. The acquisitions result in the Company starting the calendar year with three new cash-generative assets which have been acquired at an attractive blended EPRA net initial yield of 7.2% and generate in total €1.9 million of annualised net operating income. The assets provide a mix of approximately two-thirds production and storage space and one-third out-of-town office. The Company acquired them all on an unencumbered basis using existing cash resources. Sirius has significant finance available to acquire additional assets alongside seeking assets for its Titanium joint venture. The new asset located in the Käfertal commercial area of Mannheim previously formed part of the Company's existing Mannheim II asset that it acquired in October 2018, with which it is now reunited. The acquisition totaling €3.2 million (including acquisition costs), reflects an EPRA net initial yield of 6.6% and creates a wider range of asset management options for the combined assets as well as the ability to benefit from operational synergies. The site comprises around 3,000 sqm of out-of-town office and storage space and is currently 93% occupied by a total of seven tenants with an average rent of €6.93 per sqm, and an annualised gross income of €235,226.