| Mon 1 Jun 2020, 8:01 | | SIRIUS REAL ESTATE LIMITED - Board Changes |
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BOARD Changes
SIRIUS REAL ESTATE LIMITED
(Incorporated in Guernsey)
Company Number: 46442
JSE Share Code: SRE
LSE (GBP) Share Code: SRE
LSE (EUR) Share Code: ESRE
LEI: 213800NURUF5W8QSK566
ISIN Code: GG00B1W3VF54
1 June 2020
Sirius Real Estate Limited
("Sirius Real Estate" or the "Company")
BOARD Changes
In accordance with requirements of the Listing Rule 9.6.11 of the Listing Rules published by the
Financial Conduct Authority (the “Listing Rules”) and paragraph 3.59(a) of the JSE Limited Listings
Requirements, Sirius Real Estate, the leading operator of branded business parks providing
conventional space and flexible workspace in Germany, announces the appointment of Caroline
Britton and Kelly Cleveland to the Company’s BOARD as independent non-executive directors with
effect from 1 June 2020.
Caroline is a Chartered Accountant and was an audit partner at Deloitte LLP from April 2000 to May
2018, having qualified with its predecessor firm Touche Ross & Co. In addition to providing audit and
advisory services in the financial services sector, Caroline ran the FTSE 250 Deloitte NextGen CFO
programme. Caroline is a non-executive director of Moneysupermarket.com Group PLC and Revolut
Limited, at both of which she chairs the audit committees. Caroline will become the Chair of the
Company’s Audit Committee at the close of the Annual General Meeting to be held on 31 July 2020.
Kelly is a Chartered Accountant having qualified in New Zealand in 2001 at PricewaterhouseCoopers
and has worked in real estate in the UK since 2004. She is currently head of investment at British
Land Co PLC, the FTSE 100 REIT, where she has worked for more than nine years, including three
years in Group strategy. Kelly previously held roles in corporate finance and finance respectively at
the Grosvenor Group and Burberry Group plc.
Commenting on the appointment, Andrew Coombs, CEO of Sirius Real Estate, said: "We are
delighted to welcome Caroline and Kelly, they bring a combination of both significant real estate and
financial experience and we are confident that they will be strong additions to our BOARD."
The Company also announces that Jill May and Justin Atkinson will be stepping down from the BOARD
at the close of the Company’s Annual General Meeting on 31 July 2020, enabling them to focus on
their various other roles and further opportunities with other organisations. The BOARD is very grateful
for the expertise they brought to us during a time of significant change.
No further disclosures are required under LR 9.6.13 of the Listing Rules with respect to these
appointments.
Neither Caroline Britton nor Kelly Cleveland, nor 'persons closely associated' with either of them,
have any beneficial interest in the Company's ordinary shares of no par value.
ENDS
For further information:
Sirius Real Estate
Andrew Coombs, CEO/Alistair Marks, CFO
Tel: +49 (0)30 285010110
Tavistock (Financial PR)
Jeremy Carey/James Verstringhe
Tel: +44 (0)20 7920 3150/+ 44 (0)7836 734 625
Email: siriusrealestate@tavistock.co.uk
NOTES TO EDITORS
About Sirius Real Estate
Sirius is a property company listed on the main market and premium segment of the London Stock
Exchange and the main BOARD of the Johannesburg Stock Exchange. It is a leading operator of
branded business parks providing conventional space and flexible workspace in Germany. 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.
The Company's strategy aims to deliver attractive returns for shareholders by increasing rental
income and improving cost recoveries and capital values, as well as by enhancing those returns
through financing its assets on favourable terms. Once sites are mature and net income and values
have been optimised, the Company may take the opportunity to refinance the sites to release capital
for investment in new sites or consider the disposal of sites in order to recycle equity into assets
which present greater opportunity for the asset management skills of the Company's team.
In July 2019, the Company completed the formation of its Titanium real estate investment joint
venture with clients represented by AXA Investment Managers - Real Assets. Titanium was formed
through the acquisition by AXA IM - Real Assets, on behalf of its clients, from Sirius, of a 65% stake in
five business parks across Germany. Sirius will retain the remaining 35% and will act as operator of
the assets, on a fee basis. Subject to suitable investment opportunities, AXA IM - Real Assets and
Sirius may consider opportunities to grow the JV’s portfolio primarily through the acquisition of
larger stabilised business park assets and portfolios of assets with strong tenant profiles and
occupancy. Sirius will continue to grow its wholly owned portfolio through acquisitions of more
opportunistic assets, where it can capitalise on its asset management expertise to maximise
utilisation of the space, grow occupancy and improve quality of the tenants. The strategies have
been clearly defined so that the JV does not conflict with Sirius's existing business.
For more information, please visit: www.sirius-real-estate.com
Follow us on LinkedIn at https://www.linkedin.com/company/siriusrealestate/
Follow us on Twitter at @SiriusRE
LEI: 213800NURUF5W8QSK566
JSE Sponsor: PSG Capital
Date: 01-06-2020 08:01:00
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