Sirius Real Estate Limited 11,000 sqm of lettings and update on pipeline
13 9월 2018 - 3:01PM
RNS Non-Regulatory
TIDMSRE
Sirius Real Estate Limited
13 September 2018
13 September 2018
Sirius Real Estate Limited
("Sirius Real Estate", "Sirius" or the "Company")
Sirius announces 11,000 sqm of lettings and updates on
acquisition pipeline
Sirius Real Estate, the leading operator of branded business
parks providing conventional space and flexible workspace in
Germany, announces the completion of three large new lettings, a
significant renewal and provides an update on the acquisition
pipeline.
Lettings
A leading German sports car manufacturer based in Stuttgart, and
new tenant for Sirius, has signed a five-year lease for the entire
6,800 sqm office building at Sirius Business Park
Stuttgart-Weilimdorf, completing the asset management plan for the
site. The building was acquired in 2015 on the understanding that
one of the tenants with three years remaining on its lease intended
to vacate, which created an opportunity to find a new occupier and
maintain the building's full occupancy at a higher rent. While this
new tenant increases Sirius' exposure to the automotive sector, the
portfolio's total direct exposure to the sector remains less than
5%.
A division of the Berlin government has signed a 10-year lease
at Sirius Business Park Berlin Tempelhof on 2,200 sqm of office
space at a rent of EUR14.35 per sqm. This transaction highlights
the quality of Sirius's refurbished office space in Tempelhof, as
well as the strength of demand for offices in and around the city
of Berlin. It also completes the letting of the 7,600 sqm building,
which Sirius acquired in a derelict state and has subsequently
transformed into high quality office space.
CARE Deutschland-Luxemburg, part of the leading global
humanitarian charity, has taken a ten-year lease on 1,950 sqm of
offices at Sirius Business Park Bonn-Siemensstrasse.
The Company is at an advanced stage of negotiations with Daimler
AG, the owner of Mercedes- Benz, for a five-year extension to its
lease on circa. 40,000 sqm of office, production and storage space
at Sirius Technologiepark Kirchheim. Daimler has been a tenant here
for many years, but always on short leases, so this new lease is a
strong indication that our Kirchheim site will be strategically
important for their operations for many years to come.
Acquisition pipeline
Overall the Company remains well advanced in the deployment of
the EUR100 million of acquisition capability it communicated to
shareholders in its year-end results. So far, it has committed
EUR39.4 million into completing the acquisitions of business parks
in Friedrichsdorf and Fellbach and has notarised a business park in
Mannheim, which is expected to complete in October. In addition,
the Company has entered into exclusivity to acquire another EUR59.7
million of assets.
Andrew Coombs, Chief Executive Officer of Sirius Real Estate,
said: "These lettings demonstrate the effectiveness of our asset
management approach, which focuses on the mix of long-term stable
income alongside high-yielding flexible income. We have secured
some very well covenanted blue-chip and government tenants on
long-term leases, which are expected to be earnings accretive for
those business parks.
"Given the quality of these lettings and the current level of
activity in our pipeline, we are optimistic about the potential to
further enhance the value and income from our portfolio."
For further information:
Sirius Real Estate
Andrew Coombs, CEO
Alistair Marks, CFO
+49 (0)30 285010110
Tavistock (financial PR)
Jeremy Carey
James Verstringhe
+44 (0)20 7920 3150
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.
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
NRASFEFMEFASELU
(END) Dow Jones Newswires
September 13, 2018 02:01 ET (06:01 GMT)
Dawnay Sir. (LSE:DDS)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024
Dawnay Sir. (LSE:DDS)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024