Established in February 2007, Sirius Real Estate Limited was listed on the London Stock Exchange’s (LSE) AIM market three months later.
In 2014, we launched on the AltX of the Johannesburg Stock Exchange (JSE) before moving on to the main markets of the LSE and JSE in 2017. In September 2019, we joined the FTSE 250.
With the acquisition of BizSpace in November 2021, we expanded into the UK market and we now own and manage over 140 properties across Germany and the UK. Find out more about the key moments in our history below.
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April 2022
Sirius converted its UK business to a UK Real Estate Investment Trust ("REIT") on 1 April 2022. The REIT conversion followed the Company’s UK acquisition of BizSpace in November 2021.
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November 2021
Sirius Real Estate completed the acquisition of UK-based BizSpace Group for c. £245m. This provided Sirius with our first expansion into a new geography via the acquisition of a significant portfolio of assets and an established operating platform.
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June 2021
€400m inaugural corporate bond heavily oversubscribed and supported by institutional investors, 1.125% coupon reduced Sirius' cost of debt with 5-year term providing a platform for future growth.
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September 2019
Sirius proudly joined the FTSE 250 on 23rd September 2019.
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March 2019
Sirius formed a German business park joint venture with AXA Investment Managers - Real Assets
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October 2018
Sirius introduced an additional market quote in Euro (the "Euro Quote") for its existing ordinary shares traded on the London Stock Exchange. This Euro Quote exists alongside the Sirius' existing Sterling market quote on the London Stock Exchange and its Rand quote for shares traded on the Johannesburg Stock Exchange.
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September 2018
Sirius Real Estate reached a total portfolio book value in excess of €1 billion.
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March 2018
Sirius shares qualified for inclusion in the FTSE EPRA / NAREIT Global Real Estate Index. The FTSE EPRA/NAREIT Global Real Estate Index is a stock market index series composed of all major real estate company constituents that trade on the world’s leading exchanges.
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December 2017
Sirius included in the FTSE/JSE SA Listed Property Index (known as “SAPY”). SAPY comprises the top 20 (by market capitalisation) property companies in the South African Real Estate sector, with a primarily listing on the Johannesburg Stock Exchange.
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March 2017
Sirius listed on LSE’s & JSE’s main markets. We also successfully completed a €15 million private placing, with the capital raised being invested in the acquisition programme
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September 2016
The placing of €30 million in June 2016 enabled the acquisition of sites in Dresden, Wiesbaden, Krefeld and Dreieich.
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December 2014
In the last four financial years Sirius raised €166.5 million in equity from placings on five separate occasions, one of which was executed alongside the successful launch of on to the AltX of the JSE in December 2014, giving Sirius a secondary listing alongside the original AIM listing. The capital raised through these placings enabled Sirius to acquire 14 new business parks, supported by the refinancing of the debt facilities at significantly improved rates and on much longer terms than were previously available.
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January 2012
In January 2012, Sirius acquired the Asset Manager thereby internalising the asset management platform. Andrew Coombs, who joined the Asset Manager in 2010, and Alistair Marks, who had been with the Asset Manager since formation, were subsequently appointed as CEO and CFO of the Sirius Real Estate Limited, respectively. Following internalisation, the primary strategic objective continued to be to improve profitability and strengthen the company’s financial position by disposing of non-core and mature assets, as well as surplus land sales, and refinancing the entire loan book.
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January 2010
Andrew Coombs joined Sirius as Chief Executive Officer of Sirius Facilities GmbH.
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January 2009
At the time, Sirius’s acquisition programme ceased, and the company’s focus shifted to increasing occupancy and efficiency. This involved reorganising the German operating company, a doubling of the sales team, and the development of the in-house team to improve cost recovery from tenants.
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March 2008
Sirius purchased a further nine business parks in the year to 31 March 2008, and grew the portfolio to 38 business parks over the course of the following year.
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May 2007
Sirius was admitted to trading on AIM in May 2007, with a primary capital raise of €328 million initially used to acquire 20 business parks.