RCS - Sirius Real Estate - Sirius appoints Strategic Defence Adviser

Sirius Real EstateAnnouncement

Tue 07:00

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RNS Number : 1138L  Sirius Real Estate Limited  03 June 2025

SIRIUS REAL ESTATE LIMITED

(Incorporated in Guernsey)

Company Number: 46442

JSE Share Code: SRE

LSE (GBP) Share Code: SRE

LEI: 213800NURUF5W8QSK566

ISIN Code: GG00B1W3VF54

 

3 June 2025

Sirius Real Estate Limited

("Sirius Real Estate", "Sirius", the "Company" or the "Group")

 

Sirius appoints Angus Fay CB as Strategic Defence Adviser

 

Defence Strategy, Operations and Logistics expert Major General (Retd) Angus
Fay to counsel on national security & military logistics with UK and
German defence spending set for large increase

 

Sirius Real Estate, the leading owner and operator of branded business and
industrial parks providing conventional space and flexible workspace in
Germany and the U.K., has appointed Major General (Retd) Angus Fay C.B. as
Strategic Adviser, with defence related demand for real estate set to rise.

 

With new German Chancellor Friedrich Merz having won approval to release an
anticipated €900 billion for infrastructure and defence spending by easing
Germany's debt brake, and in the wake of the U.K.'s Strategic Defence Review,
defence spending across Europe is expected to rise significantly.

 

Sirius Real Estate estimates that up to 20% of its portfolio is suitable for
defence-related purposes, with much of its estate having been in military use
in the past, whether as factories or transport hubs for military logistics.

 

Angus Fay spent 37 years in the British Army, specialising in military
logistics. His leadership and expertise spanned roles in the U.K., Germany,
Hong Kong, Canada and the United States, as well as operational command on
most contemporary operations. Latterly, he was Director General of Global
Defence Logistics Operations in the U.K. MOD, and also represented the U.K on
NATO's Logistics Committee.

 

Andrew Coombs, Chief Executive Officer of Sirius Real Estate, commented:
"Angus Fay is a leading military logistics expert and his appointment as
Strategic Adviser demonstrates Sirius' intent to create options within its
portfolio to capitalise on increased demand from the defence industry in the
U.K. and Germany.

 

"Increased defence spending will lead to growing requirements among
defence-related real estate occupiers. With Angus's advice we can enhance our
aim of creating optionality for these uses across our portfolio, while
assisting governments with their defence goals."

 

Angus Fay, now Managing Director of Squarcle Consulting Ltd., a leading
technology enabled specialist supply chain optimisation consultancy, said:
"Sirius Real Estate's portfolio is well-positioned to support resilience and
defence related readiness objectives, and I will be adding my own advice to
the Company's undoubted expertise in this arena.

 

"As NATO and allied governments call for deeper industry integration and with
increased military spending in Germany and the U.K., Sirius is well placed to
support businesses as they seek to meet the requirements of rapid
mobilisation, flexible use of space and highly secure resilient
infrastructure. There will be a need to store and disperse equipment across
Europe and industrial property like that within Sirius' portfolio is the best
home for this."

 

ENDS

For further information:

Sirius Real Estate

Andrew Coombs, CEO

+44 (0) 20 3059 0855

 

FTI Consulting

Giles Barrie/ Richard Sunderland / Ellie Sweeney / James McEwan

+44 (0) 20 3727 1000

SiriusRealEstate@fticonsulting.com

 

NOTES TO EDITORS

 

About Sirius Real Estate

Sirius is a property company listed on the equity shares (commercial
companies) category of the London Stock Exchange and the premium segment of
the main board of the JSE Limited. It is a leading owner and operator of
branded business and industrial parks providing conventional space and
flexible workspace in Germany and the U.K. As of 31 March 2025, the Group's
portfolio comprised 145 assets let to 10,477 tenants with a total book value
of over €2.5 billion, generating a total annualised rent roll of €221.4
million. Sirius also holds a 35% stake in Titanium, its €350+ million
German-focused joint venture with clients of AXA IM Alts.

 

The Company's strategy centres on acquiring business parks at attractive
yields and integrating them into its network of sites - both under the Sirius
and BizSpace names and alongside a range of branded products. The business
then seeks to reconfigure and upgrade existing and vacant space to appeal to
the local market via intensive asset management and investment and may then
choose to refinance or dispose of assets selectively once they meet maturity,
to release capital for new investment. This active approach allows the Company
to generate attractive returns for shareholders through growing rental income,
improving cost recoveries and capital values, and enhancing returns through
securing efficient financing terms.

 

For more information, please visit: www.sirius-real-estate.com
(http://www.sirius-real-estate.com/)

 

Follow us on LinkedIn at https://www.linkedin.com/company/siriusrealestate/
(https://www.linkedin.com/company/siriusrealestate/)

 

Follow us on X (Twitter) at @SiriusRE

 

JSE Sponsor

PSG Capital

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