London Stock Exchange welcomes Sirius Real Estate Limited
London Stock Exchange welcomes Sirius Real Estate, a leading operator of branded business parks providing conventional space and flexible workspace in Germany, to its first day of trading on the London Stock Exchange plc’s main market for listed securities, following the admission this morning of the Company’s shares to the premium segment of the Official List of the UK Listing Authority.
The Company has moved up from the AIM market and the Company’s shares have also today transferred from the Alt-X market of the Johannesburg Stock Exchange (“JSE”) to the Main Board of the JSE.
Over the last 5 years, the Company has grown rapidly and today the Company now owns and operates a portfolio of 44 business parks which together include over 400 buildings offering around 1.4 million square metres of gross lettable space comprising mainly offices, production areas and storage facilities.
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.
Andrew Coombs, Sirius Real Estate’s Chief Executive, said;
“We are delighted to have completed the step up onto the LSE’s Main Market and the Main Board of the JSE. The move is a reflection of the progress we have made in developing the business and of our appetite to continue the momentum we have created. Looking ahead, there are good opportunities to increase our property portfolio and the broader trading platform of these two premier markets with their deeper pools of domestic and international investors will be key in helping achieve this.”