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Pin to quick picksSirius Real Estate Regulatory News (SRE)

Share Price Information for Sirius Real Estate (SRE)

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Share Price: 97.15
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Change: 0.35 (0.36%)
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Notice of Trading Update

1 Apr 2019 10:30

RNS Number : 6567U
Sirius Real Estate Limited
01 April 2019
 

01 April 2019

Sirius Real Estate Limited

("Sirius Real Estate", "Sirius" or the "Company")

 

Notice of trading update

Sirius Real Estate, the leading operator of branded business parks providing conventional space and flexible workspace in Germany, will announce a trading update at 07.00 on Monday, 08 April 2019.

A conference call for analysts will be held at 09.00 on the day of the announcement. If you wish to dial in, please email james.verstringhe@tavistock.co.uk for details.

 

For further information:

Sirius Real Estate

Andrew Coombs, CEO/Alistair Marks, CFO

Tel: +49 (0)30 285010110

 

Tavistock (Financial PR)

Jeremy Carey/James Verstringhe

Tel: +44 (0)20 7920 3150

Email: siriusrealestate@tavistock.co.uk

 

NOTES TO EDITORS

About Sirius Real Estate

Sirius is a property company listed on the main market and premium segment of the London Stock Exchange and the main board of the Johannesburg Stock Exchange. It is a leading operator of branded business parks providing conventional space and flexible workspace in Germany. The Company's core strategy is the acquisition of business parks at attractive yields, the integration of these business parks into its network of sites under the Company's own name as well as offering a range of branded products within those sites, and the reconfiguration and upgrade of existing and vacant space to appeal to the local market, through intensive asset management and investment. The Company's strategy aims to deliver attractive returns for shareholders by increasing rental income and improving cost recoveries and capital values, as well as by enhancing those returns through financing its assets on favourable terms. Once sites are mature and net income and values have been optimised, the Company may take the opportunity to refinance the sites to release capital for investment in new sites or consider the disposal of sites in order to recycle equity into assets which present greater opportunity for the asset management skills of the Company's team.

On 1 March 2019, Sirius announced that, in a transaction anticipated to complete in June 2019, it had formed a real estate investment joint venture with clients represented by AXA Investment Managers - Real Assets in which AXA acting on behalf of its clients, will own a 65% interest and Sirius will own the balance of 35%. The JV is called Titanium. The JV will initially be formed by AXA acquiring, on behalf of its clients, from Sirius a 65% stake in five SPVs through which it currently owns two business parks located in Berlin (Berlin Borsig and Berlin Tempelhof) and one in each of Mainz, Nurnberg and Bayreuth. The business parks provide a combination of office, warehouse, industrial and storage space. The implied property value of €168 million equates to a gross yield for the portfolio of 6.2% and reflects a premium to the last reported book value as at 30 September 2018 which was €141.1 million. Total cash commitment from AXA IM - Real Assets amounts to €43.9 million. The transaction is expected to generate total cash proceeds of more than €70 million for Sirius after refinancing and expected related costs. 

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

LEI: 213800NURUF5W8QSK566

JSE Sponsor

PSG Capital

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
MSCLIFIASVILIIA
Date   Source Headline
27th Mar 20247:00 amRNSSirius expands U.K. portfolio with acquisition
18th Mar 20243:50 pmRNSHolding(s) in Company
13th Mar 202411:00 amRNSDirector/PDMR Shareholding
12th Mar 20243:50 pmRNSStandard form for notification of major holdings
29th Feb 20247:00 amRNSSirius agrees German business park acquisition
13th Feb 20243:00 pmRNSDirector/PDMR Shareholding
9th Feb 20241:00 pmRNSResults of Dividend Reinvestment Plan
29th Jan 20241:00 pmRNSDirector/PDMR Shareholding
8th Jan 20243:00 pmRNSDirector/PDMR Shareholding
30th Nov 20233:00 pmRNSTotal Voting Rights
28th Nov 202310:00 amRNSHolding(s) in Company
21st Nov 20233:50 pmRNSDirector/PDMR Shareholding
21st Nov 20231:00 pmRNSDirector/PDMR Shareholding
20th Nov 20234:40 pmRNSResults of Capital Raise
20th Nov 20231:00 pmRNSCash dividend; Offer of Dividend Reinvestment Plan
20th Nov 20237:02 amRNSPrimaryBid Offer
20th Nov 20237:01 amRNSProposed capital raise of c. £145m
20th Nov 20237:00 amRNSHalf-year Report
7th Nov 20237:00 amRNSSirius continues asset recycling programme
24th Oct 20237:00 amRNSFITCH REAFFIRMS SIRIUS’ BBB INVESTMENT RATING
9th Oct 20237:00 amRNSTrading Update
5th Oct 20234:00 pmRNSHolding(s) in Company
3rd Oct 20237:00 amRNSDisposal of Kassel business park
28th Sep 20237:00 amRNSDirector/PDMR Shareholding
25th Sep 20234:00 pmRNSDirector/PDMR Shareholding
22nd Sep 20233:00 pmRNSDirector/PDMR Shareholding
7th Sep 202312:00 pmRNSDirector/PDMR Shareholding
22nd Aug 20231:10 pmRNSDirector/PDMR Shareholding
27th Jul 20237:00 amRNSUK Acquisitions Update
13th Jul 20231:00 pmRNSHolding(s) in Company
11th Jul 202312:00 pmRNSResult of AGM
30th Jun 20232:00 pmRNSTotal Voting Rights
19th Jun 20233:00 pmRNSHolding(s) in Company
14th Jun 202312:00 pmRNSDirector/PDMR Shareholding
13th Jun 20233:00 pmRNSPosting of Annual Report and Notice of AGM
12th Jun 20233:05 pmRNSDirector/PDMR Shareholding
12th Jun 20233:00 pmRNSDirector/PDMR Shareholding
8th Jun 20233:00 pmRNSAllotment of 2018 Long Term Incentive Plan Shares
6th Jun 20233:30 pmRNSDirector/PDMR Shareholding
6th Jun 20232:30 pmRNSDirector/PDMR Shareholding
5th Jun 20232:30 pmRNSDeclaration of cash dividend
5th Jun 20237:00 amRNSResults for the year ended 31 March 2023
31st May 20237:00 amRNSTrading Statement
30th May 20237:00 amRNSEARLY REFINANCING OF NEXT MAJOR DEBT EXPIRY
17th Apr 20237:00 amRNSTrading Update
3rd Apr 20237:00 amRNSSirius completes Wuppertal business park sale
31st Mar 20234:00 pmRNSDirector/PDMR Shareholding
29th Mar 20234:15 pmRNSDirector/PDMR Shareholding
27th Mar 20237:00 amRNSAppointment of new Chief Financial Officer
22nd Mar 20237:00 amRNSNotice of Trading Update

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