Sirius Real Estate : SRE

Research History

• 26 Apr 2024 8 min read

  QuotedData’s Real Estate Quarterly Review – First Quarter 2024

  Real estate quarterly report Desperately seeking a catalyst The real estate investment trust (REIT) and listed property sector seems to have been cut adrift and is desperately seeking a positive macroeconomic outlook on which investors can hang their hat and from which sentiment can grow. The first quarter of 2024 started as 2023 left off […]

• 11 Apr 2024 12 min read

  QuotedData’s Real Estate Monthly Roundup – April 2024

  Real Estate Roundup Performance data March’s biggest movers in price terms are shown in the charts below. The release of positive inflation data during the month – which showed CPI was back trending down towards the 2% target – was a much-needed tonic for the real estate sector. The median average share price rose 3.5% […]

• 22 Jan 2024 10 min read

  QuotedData’s Real Estate Annual Review – 2023

  Real Estate Annual Review Kindly sponsored by abrdn Things can only get better The real estate sector endured a tough 2023, with much of the year characterised by falling values amid the high interest rate landscape. Values have since stabilised across sub-sectors. Optimism returned in the final couple of months of the year, on promising […]

• 13 Dec 2023 15 min read

  QuotedData’s Real Estate Monthly Roundup – December 2023

  Real Estate Roundup Kindly sponsored by abrdn Performance data November’s biggest movers in price terms are shown in the charts below. Property stocks bounced back in November after a difficult few months, with the median share price across the sector up 8.2%. Investor sentiment towards the sector improved as hopes that interest rates have hit […]

• 14 Sep 2023 17 min read

  QuotedData’s Real Estate Monthly Roundup – September 2023

  Real Estate Roundup Kindly sponsored by abrdn Performance data August’s biggest movers in price terms are shown in the charts below. The property sector remains in a state of limbo as investors await signs that interest rates have peaked. The median share price of REITs and listed property companies was down 2.4% over the month […]

• 11 Aug 2023 10 min read

  QuotedData’s Real Estate Monthly Roundup – August 2023

  Real Estate Roundup Kindly sponsored by abrdn Performance data July’s biggest movers in price terms are shown in the charts below. Better than expected inflation figures in the UK raised hope that interest rates had peaked, and that commercial property values may have bottomed out. Improving investor sentiment towards the sector was reflected in an […]

• 19 Jul 2023 9 min read

  QuotedData’s Real Estate Quarterly Review – Second Quarter 2023

  Real estate quarterly report Kindly sponsored by abrdn Discounted indiscriminately Stubbornly high inflation in the UK has raised the prospect of higher for longer interest rates, with the base rate hitting 5.0% in the UK dashing any hopes of a recovery in commercial property values for the foreseeable future. This negative outlook was reflected in […]

• 14 Jul 2023 12 min read

  QuotedData’s Real Estate Monthly Roundup – July 2023

  Real Estate Roundup Kindly sponsored by abrdn Performance data June’s biggest movers in price terms are shown in the charts below. Sticky inflation in the UK and the Bank of England’s 0.5% hike in interest rates, which now sit at 5.0%, their highest level in 15 years, saw uncertainty return to the property market. The […]

• 13 Jun 2023 15 min read

  QuotedData’s Real Estate Monthly Roundup – June 2023

  Real Estate Roundup Kindly sponsored by abrdn Performance data May’s biggest movers in price terms are shown in the charts below. The property sector is a hotbed of merger and acquisition (M&A) activity as investors look to take advantage of the unloved sector and wide discounts to net asset values (NAVs). Higher than expected inflation […]

• 16 May 2023 13 min read

  QuotedData’s Real Estate Monthly Roundup – May 2023

  Real Estate Roundup Kindly sponsored by abrdn Performance data April’s biggest movers in price terms are shown in the charts below. Property stocks returned to positive territory in April after months of losses due to the impact of higher interest rates on valuations. The first signs of values stabilising are starting to feed through with […]

• 25 Apr 2023 8 min read

  QuotedData’s Real Estate Quarterly Review – First Quarter 2023

  Real estate quarterly report Kindly sponsored by abrdn Headwinds mount up The headwinds facing commercial real estate continued to mount up in the first quarter of 2023, reflected in an 8.9% average share price fall across the sector. Already reeling from the impact of higher interest rates on valuations, the collapse of Silicon Valley Bank […]

• 09 Feb 2023 7 min read

  QuotedData’s Real Estate Monthly Roundup – February 2023

  Real Estate Roundup Kindly sponsored by abrdn Performance data January’s biggest movers in price terms are shown in the charts below. 2023 started positively for the property sector, with a median average share price uplift of 1.3%. A gloomy economic outlook at the end of 2022 saw many property companies’ share prices fall to substantial […]

• 24 Jan 2023 10 min read

  QuotedData’s Real Estate Annual Review – 2022

  Real Estate Annual Review Kindly sponsored by abrdn The year the rug was pulled out 2022 will be remembered as the year that the rug was pulled from under the property sector. Having benefitted from decades of low interest rates, which had fuelled debt-ladened deals and piqued the appetite of global investors looking for more […]

• 05 Jan 2023 11 min read

  QuotedData’s Real Estate Monthly Roundup – January 2023

  Real Estate Roundup Kindly sponsored by abrdn Performance data December’s biggest movers in price terms are shown in the charts below. 2022 ended with another difficult month for property companies as the sector continues to get to grips with the impact of higher interest rates. There were several funds that performed well during December, however. […]

• 07 Dec 2022 12 min read

  QuotedData’s Real Estate Roundup – December 2022

  Real Estate Roundup Kindly sponsored by abrdn Performance data November’s biggest movers in price terms are shown in the charts below. Valuation declines in the property sector are starting to feed through in NAV announcements and interim results (see page 2) as higher cost of debt continues to put pressure on pricing. Having seen dramatic […]

• 03 Nov 2022 8 min read

  QuotedData’s Real Estate Roundup – November 2022

  Real Estate Roundup Kindly sponsored by abrdn Performance data October’s biggest movers in price terms are shown in the charts below. Having priced in a major write-down of portfolio valuations in the real estate sector, especially after interest rate expectations rocketed following the disastrous mini-budget at the end of September, the market seems to have […]

• 07 Sep 2022 11 min read

  QuotedData’s Real Estate Roundup – September 2022

  Real Estate Roundup Kindly sponsored by abrdn Performance data August’s biggest movers in price terms are shown in the charts below. AIM-listed small cap fund manager and investor First Property Group tops the list of best performing property companies in August. It was the only company to see a double-digit rise in its share price, […]

• 04 Aug 2022 10 min read

  QuotedData’s Real Estate Roundup – August 2022

  Real Estate Roundup Kindly sponsored by abrdn Performance data July’s biggest movers in price terms are shown in the charts below. Many of the logistics and office focused companies that have suffered in the past few months saw somewhat of a recovery in July, as the substantial discounts that their share prices trade at relative […]

• 15 Jul 2022 8 min read

  QuotedData’s Real Estate Quarterly Review – Second Quarter 2022

  Real Estate Quarterly Review Kindly sponsored by abrdn Storm clouds gather Fears that a perfect storm is brewing has weighed on the real estate sector. Central banks’ move to raise interest rates to curb spiralling inflation has stoked concerns that investors will turn away from real estate to less risky alternatives, such as bonds. Meanwhile […]

• 07 Jul 2022 15 min read

  QuotedData’s Real Estate Roundup – July 2022

  Real Estate Roundup Kindly sponsored by abrdn Performance data June’s biggest movers in price terms are shown in the charts below. There were only a handful of property companies that saw share price growth in the month of June as interest rate rises and concerns of an impending recession took hold. Top of the list […]

• 12 Apr 2022 7 min read

  QuotedData’s Real Estate Quarterly Review – First Quarter 2022

  Real Estate Quarterly Review Kindly sponsored by Abrdn Value to be found in topsy-turvy market The first three months of 2022 have been full of significant events. Investor caution followed Russia’s invasion of Ukraine and put paid to a London-listed property company with a portfolio of Russian assets (see page 6 for details). The cost-of-living crisis […]

• 04 Feb 2022 7 min read

  QuotedData’s Real Estate Roundup – February 2022

  Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data January’s biggest movers in price terms are shown in the charts below. Perhaps reflecting optimism around the strength of the economy coming out of COVID restrictions, a shift to value stocks was triggered in January, with property generalists and retail-focused companies the beneficiaries. Hammerson […]

• 24 Jan 2022 10 min read

  QuotedData’s Real Estate Annual Review – 2021

  Real Estate Annual Review Kindly sponsored by Aberdeen Standard Investments Bouncebackability Over the course of 2021, the property sector certainly rebounded from the depths of the pandemic-induced slumps of 2020, with the average share price of listed property companies up 14.2%. That didn’t mean there were not some ups and downs along the way. The […]

• 06 Dec 2021 13 min read

  QuotedData’s Real Estate Roundup – December 2021

  Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data November’s biggest movers in price terms are shown in the charts below. November ended under a cloud of uncertainty, with the discovery of the Omicron coronavirus variant threating a return of restrictions that have wreaked havoc in the property sector over the past two […]

• 15 Oct 2021 8 min read

  QuotedData’s Real Estate Quarterly Review – Third Quarter 2021

  Real Estate Quarterly Review Kindly sponsored by Aberdeen Standard Investments Rate rise fears dampens bounce back The quarter started with much promise, as activity picked up with the full opening of the economy. This was reflected in the valuation of commercial properties and in turn investor sentiment to the listed real estate sector. However, supply chain […]

• 08 Oct 2021 10 min read

  QuotedData’s Real Estate Roundup – October 2021

  Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data September’s biggest movers in price terms are shown in the chart below. With fears that economic growth will be stunted by supply chain issues, September wasn’t a great month for property stocks. However, development and regeneration specialist Harworth saw its share price rise 13.3% […]

• 09 Sep 2021 9 min read

  QuotedData’s Real Estate Roundup – September 2021

  Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data August’s biggest movers in price terms are shown in the chart below. Traditionally a quiet month, August was anything but for property companies. While takeovers, IPO activity and large investment deals dominated the headlines, Tritax Big Box REIT continued its impressive performance. After reporting […]

• 15 Jul 2021 8 min read

  QuotedData’s Real Estate Quarterly Review – second quarter 2021

  Value hunters boost property The easing of lockdown restrictions throughout the quarter saw property companies stage somewhat of a comeback from the depths of the pandemic, despite ‘freedom day’ being delayed into July. The potential for an economic bounce in the second half of the year is growing and generalist real estate investment trusts (REITs), […]

• 09 Jul 2021 10 min read

  QuotedData’s Real Estate Roundup – July 2021

  Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data June’s biggest movers in price terms are shown in the chart below. In a month when Boris Johnson announced the easing of restrictions would be pushed back as COVID cases rose, only a handful of property companies saw share price gains. Topping the list […]

• 07 Jun 2021 14 min read

  QuotedData’s Real Estate Roundup – June 2021

  Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data May’s biggest movers in price terms are shown in the chart below. Unsurprisingly, St Modwen Properties saw a big rise in its share price in May having received a cash offer for the business (logistics developments and a housebuilding arm) from Blackstone, valuing it […]

• 11 May 2021 9 min read

  QuotedData’s Real Estate Roundup – May 2021

  Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data April’s biggest movers in price terms are shown in the chart below. Diversified property companies were the winners in April as progress in the UK’s vaccination programme and roadmap out of lockdown continued unabated. Six of the top 10 best performing companies in price […]

• 19 Apr 2021 8 min read

  QuotedData’s Real Estate Quarterly Review – first quarter 2021

  Lockdown cloud begins to lift The success of the vaccine rollout in the UK and the implementation of a roadmap out of lockdown saw the share prices of listed property companies – most of which had been decimated during the last year – make somewhat of a recovery. The economy is on firmer footing and […]

• 14 Apr 2021 11 min read

  QuotedData’s Real Estate Roundup – April 2021

  Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data March’s biggest movers in price terms are shown in the chart below. Drum Income Plus REIT saw its share price rally 75% in March following the announcement that its board was undertaking a strategic review to consider the future of the company, which it […]

• 11 Feb 2021 6 min read

  QuotedData’s Real Estate Roundup – February 2021

  Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data January’s biggest movers in price terms are shown in the chart below. The UK’s vaccination programme has lifted optimism for a speedier opening of the economy than first feared at the start of the year. Property companies that reported positive valuation figures for the […]

• 22 Jan 2021 12 min read

  QuotedData’s Real Estate Annual Review – 2020

  Real Estate Annual Review Kindly sponsored by Aberdeen Standard Investments Riding out the COVID rollercoaster The 2020 rollercoaster saw more downs than ups and at times felt like a pandemic induced freefall. Lockdowns, tiers and plenty of U-turns meant investing in property was not for the faint hearted. Positivity returned at the end of the […]

• 17 Dec 2020 12 min read

  QuotedData’s Real Estate Roundup – December 2020

  Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data November’s biggest movers in price terms are shown in the chart below. The eagerly awaited news of a successful vaccine candidate came at the start of November, boosting the stock market. Property companies that had seen their share price battered over the past eight […]

• 07 Jul 2020 12 min read

  QuotedData’s Real Estate Roundup – July 2020

  Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments  Performance data June’s biggest movers in price terms are shown in the chart below. Uncertainty caused by the covid-19 pandemic continued to weigh on property stocks in June and we had the first real casualty in Intu Properties, which collapsed into administration. A number of companies […]

• 09 Jun 2020 11 min read

  QuotedData’s Real Estate Roundup – June 2020

  Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments  Performance data May’s biggest movers in price terms are shown in the chart below. Shares in property companies took another turbulent turn during May as the covid-19 pandemic continued to wreak havoc on property assets. The biggest mover in price terms during the month was an […]

• 07 Apr 2020 11 min read

  QuotedData’s Real Estate Roundup – April 2020

  Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments  Performance data March’s biggest movers in price terms are shown in the chart below. Property stocks took a hammering in March as the covid19 pandemic took hold. The UK was put on lockdown to stop the spread of the coronavirus resulting in the enforced closure of […]

• 07 Feb 2020 9 min read

  QuotedData’s Real Estate Roundup – February 2020

  Real Estate Roundup  Performance data January’s biggest movers in price terms are shown in the chart below. The sluggish start to the year for listed property companies is hardly surprising given they were coming off a high base after the “Boris-bounce” following the general election in December. Topping the list was Triple Point Social Housing […]

• 30 Jan 2020 12 min read

  QuotedData’s Real Estate Annual Review – 2019

   Property’s alternative theory The year was dominated by political and economic uncertainty, with Brexit negotiations casting a shadow over the market and the general election adding a further layer of doubt for much of the year. For a market that is staunchly aligned with political and economic sentiment, listed property companies and REITs performed well, […]

• 10 Dec 2019 15 min read

  QuotedData’s Real Estate Roundup – December 2019

  Real Estate Roundup  Performance data November’s biggest movers in price terms are shown in the chart below. November saw a host of companies report interim and full year results with varying outcomes. CLS Holdings, which owns a diverse portfolio split between the UK, Germany and France, gave a positive trading update that outlined its capital […]

• 14 Sep 2018 1 min read

  QuotedData’s investment companies roundup – September 2018

  QuotedData’s investment companies roundup – September 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of August 2018. Kindly sponsored by Baillie Gifford. Money raised and returned in August GRIT Real Estate Income floated on the UK Stock Exchange in […]

• 11 Jun 2018 1 min read

  QuotedData’s investment companies roundup – June 2018

  QuotedData’s investment companies roundup – June 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of May 2018. Kindly sponsored by Baillie Gifford. The premium of biotech company, Syncona, rose on positive news on two of its […]

• 07 Dec 2016 1 min read

  QuotedData investment companies roundup – December 2016

  Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of November 2016. december-investment-companies-roundup

News

• 18 Nov 2024 1 min read

  QuotedData’s morning briefing 18 November 2024 – CAT, SRE, LMP

  In QuotedData’s morning briefing 18 November 2024: Following its recently announced partial compulsorily redemption (which is expected to take place on 29 November 2024), CATCo Reinsurance Opportunities (CAT) will have redeemed the entirety of its interest in the Master Fund and distributed substantially all of the redemption proceeds it has received. Consequently, CAT’s board is […]

• 04 Nov 2024 1 min read

  QuotedData’s morning briefing 4 November 2024 – PEY, SRE

  In QuotedData’s morning briefing 4 November 2024: Partners Group Private Equity (PEY/PEYS) saw its NAV increase by 0.5% during September to €14.24 per share, with total net assets at €984.62m. PEY says that positive value creation (0.9%) was partially offset by adverse currency movements (-0.3%). KinderCare, PEY’s fifth largest portfolio company, was the largest contributor […]

• 12 Jul 2024 1 min read

  QuotedData’s weekly news show 12th July 2024

  Thank you to everyone that listened in today on our YouTube channel. In this week’s show, James Carthew covered the week’s top stories: Chrysalis (0:22) Schroder British Opportunities (0:39) Molten Ventures (0:51) Edinburgh Worldwide (1:05) Odyssean (6:08) Sirius Real Estate (9:25) This week’s interview was with Kenneth MacKenzie from Target Fund Managers – watch it again here.

• 11 Jul 2024 2 min read

  QuotedData’s morning briefing 11 July 2024 – RNEW, SRE, LMP, SERE

  In QuotedData’s morning briefing 11 July 2024: Brett Miller has joined the board of Ecofin US Renewables (RNEW) as a non-executive director of the company with immediate effect. Brett, who has wide-ranging investment trust experience, particularly in the restructuring and managed run-off of a number of listed closed end funds across a range of asset […]

• 10 Jul 2024 2 min read

  Sirius Real Estate announces £150m capital raise

  Sirius Real Estate has announced a proposed £150m capital raise. The placing of shares at an offer price of 94p is in line with its adjusted NAV at 31 March 2024. The capital raise will enable the company, which owns business parks in Germany and the UK, to execute on its ongoing acquisition strategy.  Up to […]

• 20 Jun 2024 2 min read

  QuotedData’s morning briefing 20 June 2024 – GCP, GSF, NRR, SRE, HWG

  In QuotedData’s morning briefing 20 June 2024: GCP Infrastructure’s half-year numbers to end March 2024 showed a small positive NAV return of 1.2% but a much greater uplift in the share price as the discount narrowed giving shareholders a return of 12.5%. As usual, the dividend is maintained at 3.5p for the six-month period. No […]

• 03 Jun 2024 3 min read

  Sirius Real Estate has another strong year

  Sirius Real Estate (SRE) has published its annual results for the year ended 31 March 2024, which its chairman, Daniel Kitchen describes as one of “another year of strong financial and operational performance despite a backdrop of continuing macroeconomic and geopolitical volatility”. The year saw SRE raise €165.3m in November 2023 to take advantage of […]

• 27 Mar 2024 2 min read

  Sirius Real Estate expands UK portfolio with £48.25m acquisition

  Sirius Real Estate has acquired Vantage Point Business Village, a multi-let business park in Gloucestershire, for £48.25m (€56.4m), representing a net initial yield at acquisition of 10.2%. The acquisition was made using the proceeds of the company’s £147m capital raise in November 2023. The company has bought four assets so far this year, following the […]

• 12 Feb 2024 2 min read

  QuotedData’s morning briefing 12 February 2024 – WHR, SRE, RTW

  In QuotedData’s morning briefing 12 February 2024: Warehouse REIT (WHR) has sold two assets in separate transactions for a total of £13.4m. The combined price is 3.7% ahead of the September 2023 book value and reflects an average net initial yield of 5.3%. The sales comprise Warrington South Industrial Estate, a 106,000 sq ft single-let […]

• 21 Nov 2023 1 min read

  Sirius Real Estate raises £146.6m

  Sirius Real Estate raised £146.6m in a placing. The company said the net proceeds enable it to execute on a significant near term pipeline of attractive acquisition opportunities. The capital raise comprises the issue of 170,417,384 new ordinary shares, which represent around 14.5% of the share capital of the company prior to the raise. The […]

• 20 Nov 2023 2 min read

  Sirius Real Estate looks to raise £145m

  Sirius Real Estate (SRE) is looking to raise £145m in a placing. This will enable the company to acquire a near-term pipeline of opportunities, following the recent acquisition of assets in Liverpool, Barnsley and three in North London, for a total of £45m. The capital raise will comprise an institutional placing that will be made available […]

• 07 Nov 2023 1 min read

  Sirius Real Estate continues asset disposal programme

  Sirius Real Estate has continued its asset recycling programme with the sale of an industrial park in Maintal, in Germany’s southwest Hesse region, for €40.1m and acquisition of a portfolio of three business parks in North London for £33.5m. The disposal price in Germany was at a net initial yield of 5.7% and was achieved at […]

• 27 Jul 2023 2 min read

  QuotedData’s morning briefing 27 July 2023

  In QuotedData’s morning briefing 27 July 2023: AVI Global Trust (AGT) has completed an agreement to issue JPY4.5bn (£25m) of fixed rate unsecured debt, for a term of ten years. The annual interest rate on the debt is 1.44%. The company is about 4% geared currently. Greencoat UK Wind’s (UKW) NAV dropped from 167.1p to […]

• 13 Jun 2022 2 min read

  Sirius Real Estate posts good results for year that saw it enter UK market

  Sirius Real Estate posts good results for year that saw it enter UK market – Sirius Real Estate (SRE) has posted its final results for the year to 31 March 2022. During the period the group annualised rent roll increased by 73.1% to €167m as a result of demand and organic growth, acquisitions and the […]

• 22 Mar 2022 2 min read

  QuotedData’s morning briefing 22 March 2022

  In QuotedData’s morning briefing 22 March 2022: Schroder British Opportunities (SBO) – managed by Tim Creed and Rory Bateman (pictured) – says that it thinks its portfolio of UK companies with strong growth prospects is a differentiated offer with appeal to all investors who believe in the UK recovery story. It therefore intends to increase […]

• 08 Nov 2021 3 min read

  Sirius Real Estate proposes £135m capital raise to fund acquisition of UK business park owner

  Sirius Real Estate, the German business park owner, has announced a proposed capital raise of £135m to part fund the acquisition of UK flexible workspace provider BizSpace for £245m. Sirius said it believes the acquisition of BizSpace “represents a highly attractive and strategically important opportunity that allows Sirius to enter, at scale, an under-served wider […]

• 18 Aug 2021 3 min read

  Sirius Real Estate splashes €85m on four business parks

  Sirius Real Estate, the German business park owner and operator, has acquired four assets and one land parcel for €84.8m. The business parks are located in Oberhausen, Frankfurt, Heiligenhaus and Öhringen and provide over 150,000 sqm of lettable space. In addition, the company has acquired a land parcel adjacent to its existing asset in Neuruppin. […]

• 07 Jun 2021 2 min read

  Sirius Real Estate posts impressive NAV total return

  Sirius Real Estate, the German business parks owner and operator, posted a net asset value (NAV) total return for the year to 31 March 2021 of 19.5%. This was generated from a 15.0% uplift in NAV and 3.62 euro cents dividends paid in the year. The strength of the German business park sector, especially in […]

• 18 May 2021 1 min read

  QuotedData’s morning briefing 18 May 2021

  In QuotedData’s morning briefing 18 May 2021: Syncona highlights results from one of its holdings – Freeline. Its chief executive says they are encouraged by the progress seen in patient identification and screening in its FLT190 Phase 1/2 dose-finding trial for the treatment of Fabry disease; they are advancing their FLT201 programme for the treatment of Gaucher […]

• 16 Mar 2021 1 min read

  Sirius Real Estate buys €10.7m business park

  Sirius Real Estate, the owner and operator of business parks in Germany, has acquired an asset in Essen for €10.7m The transaction is by way of a sale and leaseback with thyssenkrupp, the international industrial engineering and technology group, and reflects an EPRA net initial yield of 6.5%. The purchase was sourced by the Sirius […]

• 02 Mar 2021 1 min read

  Sirius Real Estate acquires Stuttgart business park

  Sirius Real Estate, the German business park owner, has completed the acquisition of a 8,800 sqm mixed-use business park in Fellbach, near Stuttgart, for €9.2m, reflecting an EPRA net initial yield of 6.0%. The asset is located adjacent to a business park already owned by Sirius, with the acquisition creating an enlarged business park comprising over 36,000 […]

• 25 Jan 2021 1 min read

  Sirius Real Estate and AXA IM buy German business park for €80m

  Sirius Real Estate, the owner and operator of German business parks, and joint venture partner AXA IM Alts have acquired the Sigma Technopark in Augsburg for €80m. The acquisition for the ‘Titanium’ joint venture was at a net initial yield of 6% and increases the size of the portfolio to €317m. The seven business parks […]

• 04 Jan 2021 1 min read

  Sirius Real Estate returns to acquisitive growth with three deals

  Sirius Real Estate, the owner and operator of business parks in Germany, has completed the acquisition of three assets totalling €26m, signalling a return to acquisitive growth for the company after holding back whilst assessing the impact of COVID-19. The acquisitions are in Norderstedt, Hamburg for €9.1m, Nuremberg for €13.7m and Mannheim for €3.2m. They generate […]

• 01 Dec 2020 1 min read

  Sirius buys Nuremberg business and industrial park

  Sirius buys Nuremberg business and industrial park – Sirius Real Estate has notarised the acquisition of a multi-tenanted business park in Nuremberg for a total acquisition cost of €13.7 million, reflecting an EPRA net initial yield of 7.1%. The purchase will be funded from existing cash resources, with completion expected in January 2021. Sirius is acquiring […]

• 23 Nov 2020 1 min read

  Sirius Real Estate post 5% growth in NAV

  Sirius Real Estate, the operator of business parks in Germany, has posted a 5% increase in net asset value (NAV) in half-year results to the end of September. The growth in NAV per share to 81.18c (March 2020: 77.35c) was mainly driven by a 4.3% uptick in the value of its portfolio to €1,229.7m. Sirius […]

• 07 Oct 2020 2 min read

  Sirius Real Estate reports jump in letting enquiries

  Sirius Real Estate, the owner and operator of business parks in Germany, has provided a strong trading update for the six months April to September. The highlights includes collecting 97.2% of rents in the period, letting enquiries up 17.4% on the same period in 2019, a 1.1% like-for-like increase in average rent to €6.03 per […]

• 04 Aug 2020 2 min read

  QuotedData’s morning briefing 4 August 2020

  In QuotedData’s morning briefing 4 August 2020, as BP cuts its dividend for the first time in a decade: BMO Commercial Property is to reintroduce a monthly dividend from this month at 0.25p per share (half the previous rate). The NAV return for the three months ended 30 June 2020 was -2.9%. The retail and leisure […]

• 01 Jun 2020 1 min read

  Sirius Real Estate posts 8.9% jump in NAV

  German business parks owner Sirius Real Estate posted an 8.9% increase in net asset value (NAV) in the year to the end of March 2020. The company said NAV per share increased to 77.35 euro cents (2019: 71.01c), with EPRA NAV per share of 80.62 euro cents (2019: 74.82c). The increase in NAV reflects a like-for-like […]

• 14 May 2020 1 min read

  Sirius Real Estate reaffirms dividend as lockdown measures in Germany ease

  Sirius Real Estate has reaffirmed its dividend policy after reporting high levels of rent collection in April as lockdown measures in Germany ease. The company, which owns a portfolio of business parks in Germany, said it received 98.8% of normal levels of rent and service charge for April and no significant reduction in the first two […]

• 14 Apr 2020 1 min read

  Sirius Real Estate collects 75% of rent for April

  German business park owner Sirius Real Estate has provided a covid-19 update in which it said it had collected 75% of rent for the month of April. The figure, as at 9 April 2020, represented around 90% of the normal working pattern, the company said. A small number of its tenants are facing covid-19 related […]

• 05 Mar 2020 1 min read

  QuotedData’s other news 5 March 2020

  In QuotedData’s other news 5 March 2020 Sirius Real Estate has secured €50m funding through a Schuldschein loan offering a blended interest rate of 1.60%, with an average maturity of 3.7 years. Urban Logistics REIT has topped up the £130m it raised the other day with a further £6.1m from its open offer and offer for subscription. […]

• 06 Jan 2020 2 min read

  Sirius Real Estate adds two more German business parks for €33.4m

  Sirius Real Estate (SRE), which operates business parks providing conventional and flexible workspace across Germany, has completed the acquisition of two business parks for total of €33.4m. The company has bought Neuss II, a business park near Düsseldorf, and Neuruppin business park, in the Brandenburg region, reflecting an aggregate EPRA net initial yield of 6.8%. […]

• 17 Dec 2019 1 min read

  Sirius Real Estate acquires German business park for €44.5m

  Sirius Real Estate, which operates business parks across Germany, has completed the acquisition of Alzenau Business Park, 34km east of Frankfurt am Main, for €44.5m. The business park comprises eleven buildings constructed between 1985 and 2002 providing a total of around 60,000 sqm of lettable space and was bought ar a net initial yield of […]

• 02 Dec 2019 1 min read

  QuotedData’s other news 2 December 2019

  In QuotedData’s other news 2 December 2019 – JPMorgan Claverhouse (JCH) has announced that following a review, its  management fee arrangements with JPMorgan Funds Limited will change. With effect from 1st January, 2020 the annual management fee, currently 0.60% p/a on net assets up to £500m and 0.50% on net assets over £50m , will be […]

• 02 Oct 2019 1 min read

  QuotedData’s other news 2 October 2019

  In QuotedData’s other news 2 October 2019: Hadrian’s Wall Secured Lending (HWSL) has provided an update with respect to Biomass Premium Fuels Limited and Biomass Optimum Fuels Limited which separately acquired the assets of Arensis Energy Ltd, Entrade Energy Ltd and Arensis Energy One Ltd out of administration on 21 December 2018. BOFL has entered […]

• 03 Jun 2019 1 min read

  Germany office space operator Sirius Real Estate has excellent year

  Germany office space operator Sirius Real Estate has excellent year – Sirius Real Estate (SRE) is a leading operator of business parks providing conventional and flexible workspaces around Germany. The company has this morning reported annual results covering the period to 31 March 2019. Fourth successive year of double-digit shareholder returns Like-for-like annualised rent roll […]

• 13 May 2019 1 min read

  QuotedData’s other news 13 May 2019

  Starwood European Real Estate Finance (SWEF) has this morning announced that it has raised £40m in an ordinary share placing. The placing was announced on May 7, which we covered here. Sirius Real Estate, a leading operator of branded business parks providing conventional space and flexible workspace in Germany, has completed the acquisition of Buxtehude […]

• 03 Apr 2019 2 min read

  Sirius Real Estate completes non-core asset sale programme

  Sirius Real Estate completes non-core asset sale programme – Sirius Real Estate (SRE), a leading operator of branded business parks providing conventional and flexible workspace in Germany, has completed the sale of its Bremen Dötlinger Strasse Business Park, to a private investor, for €6.3m. The sale is in line with the book value at 30 September […]

• 14 Mar 2019 2 min read

  Sirius Real Estate acquires Bochum Business Park, Germany

  Sirius Real Estate has announced that it has completed the acquisition of a business park in Bochum in the Ruhr region of Germany, for a total consideration of €25.7 million, which equates to an EPRA net initial yield of 8.9%. The seller is a fund managed by DOBA-Grund Beteiligungs, Munich, which is part of the […]

• 01 Mar 2019 2 min read

  Sirius enters jv with Axa

  Sirius enters jv with Axa – Sirius Real Estate has formed a real estate investment joint venture with clients represented by AXA Investment Managers – Real Assets. AXA IM – Real Assets, acting on behalf of its clients, will own a 65% interest and Sirius will own the balance of 35%. The JV will be called […]

• 02 Oct 2018 1 min read

  Sirius completes acquisition of business park in Mannheim

  Sirius completes acquisition of business park in Mannheim – Sirius Real Estate (SRE) has announced that it has completed the acquisition of a business park in the northeast of Mannheim in South West Germany. The total consideration was €9.62 million, reflecting an EPRA net initial yield of 6.0%. Funding The acquisition was funded using a combination of capital raised from […]

• 28 Nov 2014 1 min read

  Transformative deal for Sirius Real Estate

  SRE : Transformative deal for Sirius Real Estate Sirius Real Estate has announced that it is raising €40m through a private placing, getting a secondary listing on the Johannesburg Stock Exchange and acquiring a €76m mixed use German property portfolio. Sirius has placed 105,263,158 new ordinary shares at a price of 38 cents per ordinary share to […]

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