Wednesday, 07 December 2016 12:26

Sirius Real Estate targets main board

Written by
Rate this item
(0 votes)

Sirius expects to move to the JSE's main board in late January or early February.

 Andrew_Coombs_SRE

Sirius Real Estate, the AltX-listed owner of German flexible office space and storage assets, expects to move to the JSE's main board in late January or early February.

Sirius is the only pure Germany property player on the JSE, with assets in Berlin, Munich, Dresden, Wiesbaden and Mainz, among others.

The company invests in flexible office assets usually tenanted by small and medium companies. It also operates a rapidly growing storage business.

CEO Andrew Coombs said Sirius had seen large demand for office space in northwest Germany from telecom and financial services firms.

Management intends to grow the €770.9m portfolio to about €12bn within the next two years. A move to the main board would expose the company to larger institutional investors, Coombs said.

Sirius increased its dividend per share 51% in the six months to September.

source: Business Day

Last modified on Wednesday, 07 December 2016 12:43

Most Popular

Supporting solar energy solutions in South Africa

May 29, 2017
Parabolic Trough Solar Thermal Electric Power Plant
As part of the government’s Renewable Energy IPP Procurement Programme (REIPPP), that…

Echo Polska Properties completes acquisition of Warsaw retail development

Jun 01, 2017
Galeria Młociny
Echo Polska Properties, the dual JSE and LuxSE listed ‘pure Polish property play’…

How junk status will affect the property market

Jun 08, 2017
Jacques van Embden
News broke last week that The Fitch ratings agency could affirm SA’s rand-denominated…

Breathing new life into the CBD

May 29, 2017
Gustav Voigts Shopping Centre
Upmarket development in Windhoek’s central business district (CBD) is on the rise and has…

Green Building Council South Afica inspires South Africans to connect with nature on World Environment Day

May 30, 2017
Hotel Verde eco pool smaller
The Green Building Council SA (GBCSA) is celebrating World Environment Day on 5 June with…