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SIRIUS REAL ESTATE LIMITED - Notice Of Trading Update

Release Date: 30/09/2022 08:00
Code(s): SRE     PDF:  
Wrap Text
SIRIUS REAL ESTATE LIMITED
(Incorporated in Guernsey)
Company Number: 46442
JSE Share Code: SRE
LSE (GBP) Share Code: SRE
LEI: 213800NURUF5W8QSK566
ISIN Code: GG00B1W3VF54

30 September 2022


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 UK, announces that it will issue a trading update for the six months to 30 September 2022 on Monday, 10 October 2022.
A conference call for analysts and investors will be held at 08.30 BST / 09.30 SAST on the day of the trading update. If you wish to dial in, please contact FTI Consulting 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 +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 '2 billion, generating a total annualised rent roll of '167.1 million. Sirius also holds a 35% stake in Titanium, its '350+ 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 Date: 30-09-2022 08:00:00
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