Sirius Real Estate Share News (SRE)

UPDATE: Sirius Real Estate raises GBP147 million via capital raise

Sirius Real Estate Ltd - London and Johannesburg-listed property investor - Raises GBP146.6 million via the issue of 170.4 million new shares, representing around 15% of total shares prior to the capital raise. Earlier in the day, it said it sought to conduct a non-pre-emptive placing of new shares to raise about GBP145 million to allow it to buy new properties. The property group said it had identified a pipeline of eight attractive acquisition opportunities that met its criteria. Of these, four are based in Germany and would require around GBP85 million, and four are located in the UK and would require some GBP45 million. Over the last four months, it acquired assets in Liverpool, Barnsley and three in North London for a combined GBP45 million.

London close: Stocks mixed ahead of Autumn Statement

(Sharecast News) - London's stock markets saw a mixed performance at the close of trading on Monday, with Ashtead and Compass among the leading losers.

Acquisitive Sirius Real Estate posts 47% slump in interim profit

(Alliance News) - Sirius Real Estate Ltd reported on Monday its interim profit nearly halved as a result of the revaluation of investment properties, and indicated it intended to raise capital for acquisitions.

Sirius Real Estate announces £145m capital raise as H1 profits rise

(Sharecast News) - Business parks, offices and workspace property group Sirius Real Estate is to raise £145m through a share placing as it hopes to executive on a "significant near-term pipeline of attractive acquisition opportunities".

UK earnings, trading statements calendar - next 7 days

IN BRIEF: Sirius Real Estate sells industrial park, buys three assets

Sirius Real Estate Ltd - London and Johannesburg-listed property investor - Says its has disposed of an industrial park in Maintal, in Germany's southwest Hesse region, for EUR40.1 million, and has acquired three assets located in North London for GBP33.5 million. Says these transactions are part of its asset recycling programme. Notes that the Maintal disposal was achieved at about 6% above the last reported book value.

IN BRIEF: Fitch reaffirms Sirius Real Estate rating, outlook stable

Sirius Real Estate Ltd - London and Johannesburg-listed property investor - Says Fitch Ratings reaffirms its BBB investment grade credit rating, with "stable outlook". Says Fitch highlights the resilience of its high-yielding portfolio, operating platform and refurbishment capital expenditure strategies in driving consistent rental income.

Sirius Real Estate sees rent roll grow YOY

(Sharecast News) - Property company Sirius Real Estate said on Monday that it had delivered a year-on-year increase in like-for-like rent roll and that it was now trading in line with expectations.

LONDON MARKET OPEN: Oil majors lifted by tensions in Middle East

(Alliance News) - Stock prices in London opened lower on Monday as investors were put in a risk-off mood at the start of a new week amid exploding tensions in the Middle East.

Sirius Real Estate interim like-for-like rent roll up as expected

(Alliance News) - Sirius Real Estate Ltd said on Monday it continued experience "strong" trading in the first half of its financial year in line with its expectations.

LONDON BRIEFING: Metro Bank secures deal to shore up finances

(Alliance News) - Stocks in London are set to open higher on Monday as interest rate expectations held steady despite Friday's bumper US nonfarm payrolls report.

IN BRIEF: Sirius Real Estate sells business park, buys two assets

Sirius Real Estate Ltd - London and Johannesburg-listed property investor - Completes disposal of a business park in Kassel, in Germany's southwest Hesse region, for EUR7.3 million. Says it has acquired two mixed use industrial assets for its BizSpace subsidiary in the UK for GBP9.5 million. The two assets are located in Liverpool and Barnsley.

UK dividends calendar - next 7 days

IN BRIEF: Sirius Real Estate unit to buy mixed use industrial assets

Sirius Real Estate Ltd - London and Johannesburg-listed property investor - Says its UK-based subsidiary BizSpace has exchanged contracts to acquire a portfolio of two mixed use industrial assets for GBP9.5 million. Says these acquisitions follow on from the previously announced Camberwell and Ipswich disposals.

IN BRIEF: Sirius Real Estate to engage dissenters on equity allotment

Sirius Real Estate Ltd - London and Johannesburg-listed property investor - Says 22.5% of shareholders oppose a resolution to authorise directors generally and unconditionally to allot equity securities. Says all resolutions were duly passed at the annual general meeting held on Monday. Sirius invites dissenting shareholders to engage with it. Says it has been engaging with shareholders regarding resolution 16 in the lead up to the AGM and has a good understanding of the concerns of some of its major shareholders. "It is, however, the intention to extend the consultation process and report to shareholders in line with the requirements of the [UK Corporate Governance Code 2018]," the group says.