SIRIUS REAL ESTATE LIMITED

Description

A constituent of FTSE 250 index, Sirius Real Estate Limited is a real estate holding company with primary operations in Germany. It is listed on both London Stock Exchange and Johannesburg Stock Exchange. The company is involved in investments and operations of commercial properties in Germany. Its major focus is to develop these properties with the aim of providing smart, flexible, and convenient workspaces to the German SME market. The company has over 5,000 tenants and clients. It manages and owns 68 properties. Some of the prominent properties are Sirius Business Park Wuppertal, Sirius Business Park Schenefeld, Sirius Business Park Rostock, Sirius Business Park Mainz, Sirius Business Park Pfungstadt, and Sirius Business Park Offenbach. Sirius Facilities GmbH, which is a subsidiary of the company, offers asset management services to it.

The company’s main aim is to acquire business parks in Germany, and then integrate and upgrade them under its brand name. The marketing is done while giving due consideration to the needs of the tenants. The company also has a variety of innovative products, like Smartspace, Flexi Lager and Flex Connect etc. Its portfolio is diversified and designed to maximise the risk-adjusted returns for the stakeholders. Active asset management is carried out to generate sustainable and growing yields. The portfolio consists of offices, storage spaces, production areas, and workshops. These assets can fall under traditional industrial business parks, modern mixed-use business parks, or office buildings.

The key value drivers of the company are active portfolio management, transforming and improving existing spaces to directly market them, increasing occupancy and rental growth, improving service charge recovery, and growth through acquisition and recycling of assets. Growth can be achieved by improving capital efficiency, accessing the favourable markets, and realising investment opportunities through strong management capabilities.

The company follows the UK Corporate Governance Code 2018 and complies with the basic standards of business code of conduct and related policies. The company aligns with the concept of economic sustainability and fulfils all its environmental and social responsibilities as well. The company has received an MSCI ESG Rating of AA and 86% of the energy it uses comes from renewable sources. Besides, renewable energy is supplied to 91.55% of our portfolio. The company is closely working with tenants, local communities, and government organisations, to create a sustainable real estate sector while delivering long-term returns to the stakeholders.