Sirius Real Estate fancied to meet increasing demands for commercial space
SIrius is tipped as a 'buy' with a 142p price target.
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.
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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.