JSE 1,165c

Our history

Sirius Real Estate was established in 2007 and listed on AIM with 20 business parks. In 2014 the company launched on the AltX of the JSE. In 2017 Sirius moved on to the main market of the LSE & JSE with a group portfolio of 45 mixed-use business parks.

Date Event
Feb-07 The Company was formed in February 2007 with the intention of purchasing and operating mixed-use industrial business parks in Germany, with an externally operated asset manager.
May-07 The Company was admitted to trading on AIM in May 2007, with a primary capital raise of €328 million which was initially used to acquire 20 business parks.
Mar-08 A further nine business parks were purchased in the year to 31 March 2008 and the portfolio grew to 38 business parks over the course of the following year.
Jan-09 In 2009 the Group ceased its acquisition programme and focused on increasing occupancy and Group efficiency, which included a restructuring of the German operating company, a doubling of the sales team and development of the in-house team to improve cost recovery from tenants.
Jan-10 Andrew Coombs joins Sirius as Chief Executive Officer of Sirius Facilities GmbH.
Jan-12 In January 2012, the Group 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 the Company’s formation, were subsequently appointed as CEO and CFO of the Group, respectively. Following internalisation, the primary strategic objective of the Group continued to be to improve profitability and strengthen the Group’s financial position by disposing of non-core and mature assets, as well as surplus land sales, and refinancing the Group’s entire loan book.
Dec-14 In the last four financial years the Company raised €166.5 million in equity from placings on five separate occasions, one of which was executed alongside the successful launch of the Company on the AltX of the JSE in December 2014, giving it a secondary listing alongside the original AIM listing. The capital raised through these placings enabled the Group to acquire 14 new business parks, supported by the refinancing of the Group’s debt facilities at significantly improved rates and on much longer terms than were previously available.
Sep-16 The placing of €30 million in June 2016 enabled the Group to acquire sites in Dresden, Wiesbaden, Krefeld and Dreieich.
Mar-17 Sirius listed on LSE’s & JSE’s main market. Successfully completed a €15 million private placing. The capital raised is invested in the Company’s acquisitions programme.