Sirius Real Estate Limited Appointment of independent non-executive director (2863K)
01 September 2021 - 4:00PM
UK Regulatory
TIDMSRE
RNS Number : 2863K
Sirius Real Estate Limited
01 September 2021
SIRIUS REAL ESTATE LIMITED
(Incorporated in Guernsey)
Company Number: 46442
JSE Share Code: SRE
LSE (GBP) Share Code: SRE
LEI: 213800NURUF5W8QSK566
ISIN Code: GG00B1W3VF54
1 September 2021
Sirius Real Estate Limited
("Sirius Real Estate" or the "Company")
Appointment of independent non-executive director
Following the Company's announcements of 9 June 2021 and 30 July
2021, Sirius Real Estate, the leading operator of branded business
and industrial parks providing conventional space and flexible
workspace in Germany, announces that Joanne Kenrick's appointment
to the Company's Board as an independent non-executive director is
effective today.
Joanne Kenrick has had a commercial marketing career spanning
over 30 years and has extensive listed, private and charitable
board experience. For five years until 2015 she was the marketing
and digital director for Homebase, prior to which she was chief
executive officer of Start, where she established and oversaw HRH
the Prince of Wales's public facing initiative for a more
sustainable future. Joanne's former roles include marketing and
customer proposition director for B&Q and marketing director at
Camelot Group plc. She was previously a non-executive director of
Principality Building Society for six years, during which time she
was also a member of the audit and conduct risk committees. Joanne
has a degree in law and started her career at Mars Confectionery
and PepsiCo.
Joanne Kenrick is currently a non-executive Director of
Safestore Holdings plc; a non-executive Director and remuneration
committee chair for both Welsh Water and Coventry Building Society,
as well as being deputy chair and the senior independent director
for the latter; and chair of Switching Services Participant
Committee and of PayM for Pay.uk. She is also chair of trustees of
the charity Make Some Noise.
The announcement has been made in accordance with requirements
of the Listing Rule 9.6.11R of the Listing Rules published by the
Financial Conduct Authority (the "Listing Rules").
No further disclosures are required under LR 9.6.13R of the
Listing Rules with respect to this appointment.
Joanne Kenrick and any 'persons closely associated' with her,
have no 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
+49 (0) 30 285010110
FTI Consulting (Financial PR)
Richard Sunderland / Claire Turvey / James McEwan / Talia
Jessener
+44 (0) 20 3727 1000
SiriusRealEstate@fticonsulting.com
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 JSE Limited. It is a leading operator of branded business parks
providing conventional space and flexible workspace in Germany. The
Company's purpose is to create and manage optimal workspaces that
empower small and medium-sized businesses to grow, evolve and
thrive. Sirius seeks to unlock the potential of its people, its
properties, and the communities in which it operates, so that
together we can create sustainable impact, and long-term financial
and social value.
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.
Sirius also has a venture with clients represented by AXA IM
Alts. Titanium was formed through the acquisition by AXA IM Alts,
on behalf of its clients, from Sirius, of a 65% stake in five
business parks across Germany. Sirius retained the remaining 35%.
The venture seeks to grow primarily through the acquisition of
larger stabilised business park assets and portfolios of assets
with strong tenant profiles and occupancy. As well as its equity
interest, Sirius acts as operator of the assets in the venture, on
a fee basis. 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
venture 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
JSE Sponsor
PSG Capital
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END
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