Change of Adviser

RNS Number : 6201G

Sirius Real Estate Limited

31 May 2017

 

31 May 2017                                                                                                                   

Sirius Real Estate Limited

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

Appointment of Joint Broker

Sirius Real Estate Limited, a leading operator of branded business parks providing conventional space and flexible workspace in Germany, is pleased to announce the appointment of Berenberg as Joint Broker to the Company in the UK with immediate effect. Berenberg will work alongside Peel Hunt as the joint broker to the Company in the UK and PSG Capital as the Company's corporate advisor and sponsor in South Africa.

For further information, please contact: Sirius Real Estate	[phone]
Andrew Coombs, CEO Alistair Marks, CFO
Berenberg	[phone]
Chris Bowman Toby Flaux Marie Stolberg
Novella	[phone]
Tim Robertson Toby Andrews

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 risk adjusted 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, Sirius may consider their disposal in order to recycle equity into assets which present greater opportunity for the Group's asset management skills.  

 

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