Sirius Real Estate Limited Notice of Trading Update (7639T)
March 22 2023 - 3:00AM
UK Regulatory
TIDMSRE
RNS Number : 7639T
Sirius Real Estate Limited
22 March 2023
SIRIUS REAL ESTATE LIMITED
(Incorporated in Guernsey)
Company Number: 46442
JSE Share Code: SRE
LSE (GBP) Share Code: SRE
LEI: 213800NURUF5W8QSK566
ISIN Code: GG00B1W3VF54
22 March 2023
Sirius Real Estate Limited
("Sirius Real Estate", "Sirius" or the "Company")
Notice of Trading Update
Sirius Real Estate, the leading owner and operator of branded
business and industrial parks providing conventional space and
flexible workspace in Germany and the U.K., announces that it will
issue a trading update for the year to 31 March 2023, on Monday 17
April 2023.
A live webcast and conference call for analysts will be held at
08.30 BST / 09.30 SAST on the morning of the trading update. If you
wish to register, please email: Katrine.Isaac@fticonsulting.com for
details .
For further information:
Sirius Real Estate
Andrew Coombs, CEO / Alistair Marks, CIO and Interim CFO
+49 (0) 30 285010110
FTI Consulting (Financial PR)
Richard Sunderland / James McEwan / Talia Shirion/ Sebastian
Duran de Huerta
+44 (0) 20 3727 1000
SiriusRealEstate@fticonsulting.com
NOTES TO EDITORS
About Sirius Real Estate
Sirius is a property company listed on the main and premium
market of the London Stock Exchange and the Main Board of the JSE
Limited. It is a leading owner and operator of branded business and
industrial parks providing conventional space and flexible
workspace in Germany and the UK. As of
31 March 2022, and following the acquisition of BizSpace, a
leading UK provider of regional flexible workspace, the Group's
portfolio comprised 140 assets let to 9,452 tenants with a total
book value of over EUR2 billion, generating a total annualised rent
roll of EUR167.1 million. Sirius also holds a 35% stake in
Titanium, its EUR350+ million German-focused joint venture with
clients of AXA IM Alts.
The Company's strategy centres on acquiring business parks at
attractive yields and integrating them into its network of sites -
both under the Sirius name and alongside a range of branded
products. The business then seeks to reconfigure and upgrade
existing and vacant space to appeal to the local market via
intensive asset management and investment and may then choose to
selectively refinance or dispose of assets once they meet maturity,
to release capital for new investment. This active approach allows
the Company to generate attractive returns for shareholders through
growing rental income, improving cost recoveries and capital
values, and enhancing returns through securing efficient financing
terms. The Company has a strong track record for growing its income
and has delivered like-for-like rent roll growth in excess of 5%
for the last eight consecutive years.
For more information, please visit:
www.sirius-real-estate.com
Follow us on LinkedIn at
https://www.linkedin.com/company/siriusrealestate/
Follow us on Twitter at @SiriusRE
JSE Sponsor
PSG Capital
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END
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