TIDMSRE
RNS Number : 4892P
Sirius Real Estate Limited
18 February 2021
SIRIUS REAL ESTATE LIMITED
(Incorporated in Guernsey)
Company Number: 46442
JSE Share Code: SRE
LSE (GBP) Share Code: SRE
LSE (EUR) Share Code: ESRE
LEI: 213800NURUF5W8QSK566
ISIN Code: GG00B1W3VF54
18 February 2021
Sirius Real Estate Limited
("Sirius Real Estate", "Sirius" or the "Company")
SIRIUS PROMOTES KREMENA WISSEL TO NEWLY CREATED ROLE OF CHIEF
MARKETING AND IMPACT OFFICER
Executive appointment reflects further integration of ESG into
day-to-day strategy deployment
Sirius Real Estate, the leading owner and operator of branded
business parks providing conventional space and flexible workspace
in Germany, announces the promotion of Kremena Wissel to the newly
created executive role of Chief Marketing and Impact Officer.
Kremena has been with Sirius since May 2006 and as Marketing
Director can be credited with transforming the Company's approach
to marketing and developing its leading digital marketing
platform.
As part of her extended remit, Kremena will manage the
business's ESG strategy, implementing a consolidated approach that
supports the delivery of sustainable returns while further
enhancing the business's investment proposition. She will continue
to be responsible for Sirius's marketing activities and will report
directly to CEO Andrew Coombs while providing regular updates to
the Board.
Kremena Wissel's appointment and the establishment of this new
senior management role reflects the further integration of ESG
principles into the day-to-day running of the organisation.
Following a full independent audit of the Company's existing ESG
activities completed over the last six months, Kremena will oversee
the deployment of the ESG strategy and delivery of the Company's
commitments. These include examining the potential for the
decarbonisation of the portfolio and incorporating the TCFD
framework(1) into the Company's reporting, alongside additional
activities at both a platform and asset level. On a social and
governance level, Kremena will continue her work as a Diversity
& Inclusion ("D&I") ambassador to roll out a D&I
roadmap and will oversee a number of ethics and compliance
activities.
Kremena is Sirius's longest standing employee, having joined the
Company from university. During her tenure, she has transformed the
business's marketing activities, designing a platform that enables
it to generate and manage its data and enquiries directly. As a
result, over 85% of all business leads are currently generated
independently of intermediaries, enabling Sirius to retain its lean
and agile business model, which has proven invaluable in the last
year.
Sirius's ESG transformation has been a major focus for the Board
over the last few years across all three elements, particularly
since the establishment of the Social and Ethics Committee in
January 2018 under Andrew Coombs's leadership; since relaunched as
the Sustainability and Ethics Committee in March 2020. A major
current workstream has been to measure and deliver a significant
improvement with regards to the Company's impact on the
environment. For example, in 2020, the business increased its
renewable energy use to 86%, across approximately 92% of its
portfolio, while almost 100% of portfolio electricity consumption
is now sourced from green electricity sources. Sirius's progress on
responsible investment has also been recognised by the MSCI, which
upgraded the business' ESG rating from A to AA in November
2020.
Commenting on the promotion, Andrew Coombs, CEO of Sirius Real
Estate and Chair of the Sirius Real Estate Sustainability and
Ethics Committee, said: "ESG is an embedded part of the Sirius
business and is at the heart of the way we continue to deliver
successful returns in a sustainable and ethically sound way.
Kremena has been integral to the development of our ESG credentials
to date and formalising the new role of Chief Marketing and Impact
Officer reflects how serious we are in ensuring that we maintain
and increase the momentum of delivering high standards of ESG
throughout our group.
"Since joining the business almost 15 years ago, Kremena has
made a major impact on shaping our marketing capabilities, making a
significant contribution to our growth into a FTSE 250 company. I
look forward to continuing to work closely with her in this
expanded role, supporting Sirius in our efforts to deliver
long-term, sustainable growth, while also making a positive impact
to the society and world we live in."
Kremena Wissel added: "As a major property owner across Germany,
we recognise our responsibility to our employees, partners, tenants
and communities in which we operate, as well as to the planet.
Empowering others and delivering a positive impact is not only a
moral imperative, it is good business sense. The property industry
has a critical role to play in creating a sustainable future, and I
look forward to spearheading Sirius's efforts as we continue to
develop and implement our ESG approach."
- ENDS -
1. TCFD: Task Force on Climate related Financial Disclosures
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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