Company
Sirius Real Estate Limited
LON:SRE
Sirius Real Estate Limited is a leading owner and operator of branded business parks, industrial complexes and out of town offices in Germany and the UK. The company's purpose is to create and manage optimal workspaces that empower small and medium-sized businesses to grow, evolve and thrive. Sirius seeks to unlock the potential of its people, its properties and the communities in which it operates, so that together they can create sustainable impact and long-term financial and social value.
92 stories
Sirius Real Estate a rarity in the property sector – a resilient growth story with dependable income potential
In the property sector, access to the single market is provided by Sirius Real Estate
Sirius Real Estate books a premium through Maintal, Germany disposal
The REIT also announced the purchase of three assets in inner London
Sirius Real Estate books strong UK and Germany rent roll against challenging backdrop
UK growth focused on BizSpace flexible workspaces
Peel Hunt repeats 'buy' rating and 115p target price on Sirius Real Estate following latest trading update
The Peel Hunt analysts said "the shares are now very cheap: at 10x 2023E earnings, a prospective 6.6% yield, and a c.29% discount to our NTA forecast, we see plenty to go after"
Sirius Real Estate trades in line with expectations as rent roll jumps
Germany and the UK had a 12-month rolling cash collection rate of 98% and 99.3% respectively
Sirius Real Estate refinances €170mln debt facility for seven years
It will extend the flexible workspace investor's total weighted average debt expiry from 3.8 years to 5.0 years and its weighted average cost of debt from 1.4% to 1.9%
Sirius Real Estate completes £16mln Camberwell business park sale
The sale price represents a net initial yield of 2% and a 94% premium to the value it paid in November
Sirius Real Estate says new financial year has begun as planned
As a large percentage of tenancy agreements include inflation indexations, the company is confident in its ability “to generate further increases in average rental rates in the coming financial year”
Sirius Real Estate raises targets for sustainability, including of returns
Its previously communicated ambition to reach €100mln of annual cash flow is already “within sight”
Sirius Real Estate delivers strong operating and financial performance
The company said the total return for the year was 20%
Sirius Real Estate expects to hike full-year dividend by around one-sixth
This expected increase is predominantly due to an increase in funds from operations for the financial year ended 31 March 2022.
Sirius Real Estate a 'buy' after £16mln business park sale - Berenberg
The broker, therefore, issued a price target of 142p - a 25% premium on its Monday late-afternoon value
Sirius Real Estate agrees to sale of £16mln asset
The asset was part of a wider portfolio the London-listed company acquired when it purchased BizSpace
Sirius Real Estate reports further rent roll growth in 'transformative' year
There was free cash of roughly €126mln on the balance sheet at year-end
Sirius Real Estate to become hybrid REIT
It is only the UK part of the business that is to become a real estate investment trust (REIT)
Sirius Real Estate appoints new CFO and CIO to accelerate growth
Both appointments will help the company achieve further growth and development
Sirius Real Estate fancied to meet increasing demands for commercial space
SIrius is tipped as a 'buy' with a 142p price target.
Sirius Real Estate acquires German business park for €34.5mln
Sirius has now completed the acquisition of 254,100 square metres of business parks, industrial space, out of town office space and a land parcel across nine assets in Germany this financial year
Sirius Real Estate taps bond market for another €300mln to fund expansion
Part of the proceeds to help finance the recent acquisition of UK-based BizSpace Group
Sirius Real Estate completes £245mln BizSpace acquisition
The company is the leading owner and operator of branded business and industrial parks providing conventional workspace in Germany
Sirius Real Estate up 4% after latest transaction; broker raises its price target for the shares
Analysts at Peel Hunt revisited their spreadsheets in the wake of the latest acquisitions
Sirius Real Estate completes €40mln deal to acquire office and industrial site in the German city of Oberhausen
It is the company's second deal of the week - and it's only Tuesday
Sirius Real Estate agrees £137mln capital raise to fund BizSpace acquisition
In a separate announcement, Sirius posted its half-year results for the six months ended 30 September where pre-tax profits climbed 26%
Sirius Real Estate buys office and business parks in Germany for €45mln
The properties, located in Frankfurt, Erfurt and Essen respectively, will add 44,000 square metres of office and industrial space to the group’s 1.5mln sqm portfolio
Sirius Real Estate sees trading conditions normalise in Germany as demand picks up
Current trading is in line with expectations for the full year
Sirius Real Estate adds Joanne Kenrick to board
The appointment was previously announced back in June.
Sirius Real Estate makes bold statement of intent with swoop for German business park assets
It is paying €84.8mln for four sites plus a tract of land next to an existing property
Sirius Real Estate delighted with investor response to €350mln bond issue
"The market has given us the clear signal that our balanced financing strategy, comprising secured and unsecured financing, is well regarded.”
Sirius Real Estate mulls issue of senior unsecured bonds
Joanne Kenrick, who currently serves as a non-executive director at Safestore, Welsh Water and Coventry Building Society, has been appointed to the company with effect from September 1
Sirius Real Estate on hunt for more acquisitions as Germany emerges from pandemic
Sirius made six acquisitions during the year at a cost of €125.8mln
Archive
FTSE 100 closes marginally higher as traders wait for direction
The UK's premier share index finished ahead by around eight points, or 0.12%, at 7,077
Sirius Real Estate gets investment-grade credit rating from Fitch
Among credit strengths, the credit agency noted the highly diversified tenant base
Sirius Real Estate's investment grade rating applauded by broker
The structure of Sirius’s higher-yielding portfolio is a positive as rent collection rates have remained at a fairly high level
Sirius Real Estate reports strong rental growth and cash collection despite COVID-19 impact
Cash collection rate was 98.2% for the twelve-month period
Sirius Real Estate promotes MD to new executive role
Rüdiger Swoboda joined Sirius in 2010 as a Sales Director
Sirius Real Estate to acquire business park from ThyssenKrupp in sale and leaseback deal
Sirius, which owns several business and industrial parks in Germany, has acquired a property in the southern part of Essen, close to where it already has some office assets.
Sirius Real Estate completes German business park acquisition for €9.2mln
The property is located adjacent to a business park already present in Sirius' portfolio, creating opportunities for a wider development
Sirius Real Estate promotes marketing director to ESG role
"ESG is an embedded part of the Sirius business and is at the heart of the way we continue to deliver successful returns"
Sirius Real Estate reports strong sales enquiries and rent collection
For the first nine months of the financial year to end-March 2021, Sirius received 97.7% of rents
Sirius Real Estate and AXA acquire business park in Augsburg
Titanium, the name of the joint venture, is acquiring the 113,000 square metre park for €80mln
Sirius Real Estate completes acquisition of three business parks
The purchases are located in Norderstedt, Hamburg and Nuremberg as well as a 3,000 square metre property adjacent to the firm's existing Mannheim II business park
Sirius Real Estate declares dividend while most tenants pay rent
The final dividend was raised by 4% on last year to 1.80c per share, bringing the total distribution up 6% to 3.57c
Investments and investor services
FTSE 100 closes higher despite continued trade worries
The UK's blue-chip benchmark added over 23 points to close at 7,184
Archive
US jobs data, ECB policy decision to make for up meagre flow of corporate news in coming week
Asides from the macro news, the Week Ahead also brings the latest quarterly FTSE indexes reshuffle, a strategy update from insurer Aviva, and results from Auto Trader
Microcaps and tech add extra spice to Sirius Real Estate's German mix
Software companies are flocking to Berlin, Leipzig and Dresden, while the Dusseldorf-Cologne corridor is the place for tech hardware and telecoms firms.
Archive
Trading update from Coffee Costa and Premier Inn firm Whitbread could be a positive catalyst
Day ahead: Trading update from Whitbread; full-year results from Berkeley Group ...