German team advises Sirius Real Estate Limited on issue of €350 million notes

Global law firm Norton Rose Fulbright has advised Sirius Real Estate Limited on the successful issuance of senior unsecured notes with a total volume of €350 million. The notes are governed by German law and will be listed on the Euro MTF Market of the Luxembourg Stock Exchange.

The new €350 million notes mature in 2032 and have a fixed interest rate of 4.000 per cent p.a. The proceeds of the notes issue will be principally used to refinance existing indebtedness as well as for general corporate purposes including a significant pipeline of potential acquisitions in Germany and the U.K.

Sirius Real Estate is a leading owner and operator of branded business and industrial parks providing conventional space and flexible workspace in Germany and the U.K. Norton Rose Fulbright has advised Sirius Real Estate on previous bond issuances including its debut bond in 2021.

Deutsche Bank, HSBC and Morgan Stanley acted as joint bookrunners on the transaction, with Lazard acting as financial adviser.

Sirius Real Estate was advised by a Frankfurt-based Norton Rose Fulbright team led by partner Dr Frank Peter Regelin (Corporate/Capital Markets). The team also included Christoph Enderstein (partner, Banking/Capital Markets) as well as the Associates Denis Dräger (Corporate/Capital Markets) and Florian Fraunhofer (Banking/Capital Markets).

Norton Rose Fulbright's German capital markets team advises both investment banks and issuers in connection with national and international capital market transactions in the areas of debt capital markets and structured finance transactions, in particular bonds, commercial papers, covered bonds, structured bonds, securitized derivatives, hybrid instruments, registered notes, Schuldschein loans and issuance programmes as well as related regulatory issues.