360 Capital REIT's (ASX:TOT) responsible entity, 360 Capital FM, said it has finalized leases with Siemens Energy and Stack Infrastructure in Victoria, following heads of agreements disclosed at its fiscal first-half results, according to a Friday Australian bourse filing.

The company said Siemens Energy has entered into a five-year lease starting Oct. 1 over 1,269 square meters on Level 2 with fixed 3.75% annual rent reviews, while Stack Infrastructure has entered into a five-year lease over 1,039 square meters on Level 6 with fixed 4% annual rent reviews starting July 1.

The Stack Infrastructure lease replaces a tenancy to be vacated by Dentsu in August, meaning the fund will have no downtime or capital expenditure, and will also receive Dentsu's lease surrender payment in fiscal year 2027, the filing added.

The fund is now 96.7% occupied by income with a weighted average lease expiry of six years as of March 31, with the only vacancy being 1,332 square meters on Level 2 at the Cremorne property, which the fund is actively marketing, the filing added.