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

The Property Practitioners Bill set to transform the entire property market

Sep 19, 2017
Storme Heath CAF2
Gazetted in March 2017 for comment, the long-awaited Property Practitioners Bill is…

Ballito Junction Regional Mall is crowned the best new shopping centre in South Africa

Sep 22, 2017
Aerial image of Ballito Junction
Ballito Junction Regional Mall has been named the best new shopping centre development in…

Jones Lang LaSalle South Africa 2017Q2 reports reveal useful trends on industrial, office and retail property sectors

Sep 21, 2017
Christian Ulbrich
Real estate consulting firm, JLL South Africa, has released its Q2 2017 research reports…

ADvTech Properties to expand asset base to R6bn by 2022

Sep 26, 2017
Vongani Mbhokota
The properties division of JSE-listed ADvTECH, Africa’s leading private education…

Rode & Associates says Capitalization rates are now firmly on a rising path

Sep 22, 2017
Johan Hattingh
Property, whether directly held or listed, was the darling of South African investors…