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News
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05 Mar 2018 1 min read
Sirius Real Estate buys Hamburg business park
Sirius Real Estate buys Hamburg business park – Sirius Real Estate says that on 1 March 2018, it acquired a business park in Schenefeld, a town on the edge of Hamburg, for €15.1 million (including acquisition costs). The Schenefeld business park has been acquired at an EPRA net initial yield of 7.8% and follows on from […]
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04 Jul 2017 2 min read
Sirius buys properties in Berlin and Grasbrunn
Sirius buys properties in Berlin and Grasbrunn – Sirius Real Estate, a leading operator of branded business parks providing conventional space and flexible workspace in Germany, is pleased to announce the completion of the acquisition of two properties for a combined total acquisition cost of EUR24.5 million. On 1 July 2017, the Group completed the […]
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03 May 2017 1 min read
Sirius in sale and leaseback of Munich business park
Sirius Real Estate has completed the sale of its Rupert Mayer Strasse business park in Munich for EUR85 million to Munich based Fiduciary Capital and the agreement to lease back and manage the asset for six years. Notarisation of this transaction was first announced on 6 January 2017. Rupert Mayer Strasse business park has approximately […]
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06 Mar 2017 1 min read
Sirius Real Estate moves to a Premium Main Market listing on the LSE and a secondary listing on the JSE
Sirius Real Estate’s shares have been admitted to the premium segment of the London Stock Exchange’ main market for listed securities and have transferred from the Alt-X market of the Johannesburg Stock Exchange to its Main Board. SRE’s board expect this to have a number of benefits including: a more appropriate platform for the continued […]
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28 Nov 2016 2 min read
Sirius Real Estate has a good six months
Sirius Real Estate says the six month period to 30 September 2016 has been a good one. The adjusted net asset value per share increased by 4.3 per cent to 55.62c. Total income increased by 25.9 per cent to EUR32.6 million and this led to adjusted earnings per share of 2.01c per share, up from 1.25c. A 1.39c interim dividend has […]
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02 Nov 2016 1 min read
Sirius Real Estate secures new bank funding
Sirius Real Estate continues to reduce the average cost of its borrowings. It has confirmed it has completed a new 7 year EUR70 million banking facility with BerlinHyp with an all-in fixed interest rate of 1.48% for the term of the loan. This replaces an existing EUR39.3 million facility which was incurring an all-in fixed […]
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09 Sep 2016 2 min read
Sirius Real Estate updates on acquisitions
Sirius Real Estate has announced that, following on from the successful private placing raising EUR30 million before expenses completed in June 2016, it has notarised and is near to completing the acquisition of two multi-let business parks, referred to at the time of the fundraising, for a total consideration of EUR46.3 million. The first site […]
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02 Sep 2016 1 min read
Sirius Minerals Working on some Serious Financing with lenders
Sirius Minerals’ ambitions to build the world’s largest polyhalite mine in North Yorkshire, UK moves forward with a non-binding agreement for a US$2.6 billion debt facility for ‘Stage 2’ of mine development with six financial institutions; closing expected to take place in 2018. The agreement is subject to due diligence and securing US$ 1.09 […]
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22 Jul 2016 1 min read
Sirius Minerals’ polyhalite project now receives final major permit
Sirius Minerals Plc has received government approval for the harbour facilities element of its US$2.3 billion, North Yorkshire, polyhalite project and has now been granted all major approvals for the project. The harbour facilities include the new berth, ship loading facilities and the conveyor linkage to the materials handling facility at the Wilton International site, […]
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13 Jun 2016 1 min read
Sirius confirms new offtake agreement
Further to its recent announcement of the selection of the main contractors for its of its North Yorkshire polyhalite project, Sirius Minerals Plc has concluded a new, 10-year offtake agreement with Yunnan Dian Huang Peony Industrial Group Co Ltd (Dian Huang), which is a producer of peony seed oil. The annual quantity covered by the […]
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09 Jun 2016 1 min read
Sirius Real Estate announces fundraising, debt refinancing and proposes acquisitions
Sirius Real Estate has announced proposals for a private placing to raise up to €20m, which they say is to be used for further acquisitions. The company has also announced that it is refinancing an existing credit facility and is proposing a secondary placement of up to 27m shares. The Private Placement is conditional upon […]
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07 Jun 2016 1 min read
Sirius selects contractors for major project components
Sirius Minerals Plc has selected the preferred contractors for key components of its North Yorkshire polyhalite project after a 19-month tendering process. Sirius has chosen AMC UK (a joint venture between Thyssen Group and Redpath Group) as the contractor for the design and build of mine site development, which includes all of the shaft construction […]
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18 May 2016 1 min read
Sirius increases polyhalite reserves in Yorkshire
Sirius Minerals Plc has increased reserves at its North Yorkshire polyhalite project by 12% following the completion of a Definitive Feasibility Study earlier this year. The probable reserve now stands at 280.2 Mt at an average grade of 88.4% for 247.7 Mt of polyhalite contained as a result of the inclusion of mineralisation previously reported […]
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23 Nov 2015 2 min read
Sirius Real Estate sees 5.5% increase in NAV during H1 with reduced interest cost and acquisitions still to kick in
Sirius Real Estate has announced its interim results for the six-months ended 30 September 2015. During the period, the company’s adjusted net asset value per share increased by 5.5% to 50.13c (31 March 2015: 47.51c) despite the payment of €7.6m in early termination fees for the repayment of loans from Macquarie, which the company says […]
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22 May 2015 1 min read
Sirius Real Estate posts 26% like for like profit growth
Sirius Real Estate has announced its full year results for the year ended 13 March 2015. The company completed a dual listing on the Alternative Exchange of the Johannesburg Stock Exchange in December 2014 and, at the same time, raised €40m to support the expansion of the property portfolio. The company has since announced the acquisition of […]
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11 Feb 2015 1 min read
Sirius buys two business parks
Sirius Real Estate is spending €21.8m on two business parks in Aachen and Bonn. The Aachen business park is located in the expanding Würselen district, just west of the Company’s Bonn and Cologne parks and well situated next to the Dutch and Belgian borders. It has a total lettable area of 26,759 sqm and is […]
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17 Feb 2014 1 min read
Sirius Real Estate : SRE – refinancing
Sirius Real Estate has refinanced its BerlinHyp facility with a new five year €115m facility provided by BerlinHyp and Deutsche Pfandbriefbank AG. Sirius has also announced that it has sold two lots of land in Dusseldorf and Bremen for a total of €6.3m.
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17 Dec 2013 1 min read
Sirius Real Estate : SRE – renegotiates bank debt
Sirius has announced that it has signed a €32.5m banking facility with Macquarie, €22m of which has been used to repay loans to RBS – Sirius has repaid its RBS facility in full. The balance of the Macquarie money has been used to part repay money owed to Berlin Hyp AG and Sirius says it […]
