REG - Sirius Real Estate - Appointment of new Chief Financial Officer

Sirius Real EstateAnnouncement

27/03/2023 07:00

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RNS Number : 2204U  Sirius Real Estate Limited  27 March 2023

SIRIUS REAL ESTATE LIMITED

(Incorporated in Guernsey)

Company Number: 46442

JSE Share Code: SRE

LSE (GBP) Share Code: SRE

LEI: 213800NURUF5W8QSK566

ISIN Code: GG00B1W3VF54

 

27 March 2023

Sirius Real Estate Limited

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

Appointment of new Chief Financial Officer

 

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., is pleased to announce the appointment of Chris Bowman
as Chief Financial Officer ("CFO").

 

Chris brings nearly 25 years' accounting, finance and capital markets
experience. Most recently Chris led the U.K. investment banking arm of
Berenberg, a business division which he was brought in to build from new eight
years ago and has grown to become one of the UK's leading mid-market public
company advisers.

 

Prior to this, Chris spent seven years in investment banking at Liberum,
before which he worked in corporate finance at Canaccord and Credit Lyonnais.
Chris qualified as a chartered accountant with KPMG in 2000.

 

Chris' appointment becomes effective on 29 August 2023, at which time he will
also join the Sirius Board.

 

Upon Chris' arrival, Alistair Marks, Sirius' interim CFO (and former CFO),
will resume his focus fully on his role as Chief Investment Officer, which he
has held since January 2021.  Alistair will also step down from the Sirius
Board at this year's AGM on 10(th) July, remaining employed by the Company to
lead its investment strategy across Germany and the U.K..

 

Andrew Coombs, Chief Executive Officer of Sirius Real Estate, commented:
"Chris brings a wealth of experience in capital markets and business
development, as well as financing, and is extremely well qualified to oversee
the continued financial management of the Group. His appointment delivers
considerable strength and capacity to the senior management team and we look
forward to utilising his expertise as we continue to grow Sirius in line with
our strategic goals.

"Chris' arrival also allows Alistair to focus fully on the Company's
investment strategy in Germany and in the U.K. and I would like to take this
opportunity to thank him for stepping back into his former CFO role, on an
interim basis.  This seamless transition allowed us to undertake a thorough
search for the best permanent candidate."

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.

 

For further information:

 

Sirius Real Estate

Andrew Coombs, CEO / Alistair Marks, CIO and Interim CFO

+49 (0) 30 285 010 110

 

FTI Consulting (Financial PR)

Richard Sunderland / James McEwan / Talia Shirion / Sebastian Duran de Huerta

+44 (0) 20 3727 1000

 

SiriusRealEstate@fticonsulting.com

 

NOTES TO EDITORS

About Sirius Real Estate

Sirius is a property company listed on the main and premium market of the
London Stock Exchange and 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 UK. As of 31
March 2022, and following the acquisition of BizSpace, a leading UK provider
of regional flexible workspace, the Group's portfolio comprised 140 assets let
to 9,452 tenants with a total book value of over €2 billion, generating a
total annualised rent roll of €167.1 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
name 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
selectively refinance or dispose of assets 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. The Company has a strong track record for
growing its income and has delivered like-for-like rent roll growth in excess
of 5% for the last eight consecutive years.

 

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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