REG - Sirius Real Estate - Appointment to the Sirius Real Estate Board

Sirius Real EstateAnnouncement

11/02/2026 07:00

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RNS Number : 4935S  Sirius Real Estate Limited  11 February 2026

SIRIUS REAL ESTATE LIMITED

(Incorporated in Guernsey)

Company Number: 46442

JSE Share Code: SRE

LSE (GBP) Share Code: SRE

LEI: 213800NURUF5W8QSK566

ISIN Code: GG00B1W3VF54

 

11 February 2026

Sirius Real Estate Limited

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

Appointment of Ian Watson to the Sirius Real Estate Board

Sirius Real Estate, the leading operator of branded business and industrial
parks providing conventional space and flexible workspace in Germany and the
UK, is pleased to announce that Ian Watson will join the Company's Board of
Directors ("Board") as an Independent Non-Executive Director and a member of
the Nomination Committee, with immediate effect.

 

Ian Watson is one of the best known and most successful investors in the
European industrial property market. His appointment strengthens the Board,
adding over 30 years of highly relevant expertise in the sector in both
European and UK markets, as well as extensive capital markets and
transactional experience.

Ian co-founded Ashtenne Holdings with Morgan Jones in 1989 to invest in UK
regional multi-let industrial property. They floated the business in 1997 on
the main market of the London Stock Exchange ("LSE") and over the next eight
years as joint Chief Executives built up a portfolio worth around £750
million before selling it to Warner Estates and Anglo Irish Bank in 2005.

The two of them subsequently co-founded and floated Hansteen Holdings on the
AIM market in 2005 to apply Ashtenne's model in Continental Europe,
particularly in Germany and the Netherlands. In 2009, Hansteen moved back into
the UK industrial market and listed on the main market of the LSE the same
year. As joint Chief Executives, Ian and Morgan subsequently built Hansteen's
portfolio of industrial property to around €2 billion, before exiting the
German and Netherlands assets for €1.28 billion in 2017 and selling the then
primarily UK-focused listed business in 2020 for £500 million.

Ian holds an MA in Law (Jurisprudence) from Oxford University and practised as
a solicitor with Gouldens (now Jones Day). He joined Arlington Securities plc
in 1986 before he left to form Ashtenne.

Commenting on his appointment to the Sirius Board, Ian Watson said: "Sirius is
a business which I have long admired and is one of the most dynamic property
companies operating in the industrial and business parks space. The Company
has an enviable track record of consistently delivering shareholder value
through its highly effective platform and has strong ambitions to continue to
grow. I am therefore delighted to be joining the Board and working with my new
colleagues to help them achieve that goal."

 

Commenting on the Board appointment, Daniel Kitchen, Chair of Sirius Real
Estate, said: "I would like to welcome Ian as a Non-Executive Director and am
very much looking forward to working with him. Sirius will benefit from his
wealth of experience in industrial real estate across the geographies in which
we operate, as well as over 30 years' experience of building and managing two
very successful public companies in this sector. His insights will be
invaluable as we continue to execute our strategy to grow our portfolios both
in Germany and the UK."

 

Notes:

The announcement has been made in accordance with requirements of the Listing
Rule 6.4.6R of the UK Listing Rules published by the Financial Conduct
Authority (the "Listing Rules") and paragraph 3.59(a) of the JSE Limited
("JSE") Listings Requirements.

For the purposes of LR 6.4.8R of the Listing Rules, Ian Watson is not a
director of any other publicly listed company. No further disclosures are
required under LR 6.4.8R of the Listing Rules and paragraph 3.59(a) of the JSE
Listings Requirements with respect to this appointment.

Ian Watson has a beneficial interest in 51,514 Sirius Real Estate ordinary
shares of no par value as at the date of this announcement.

ENDS

For further information:

Sirius Real Estate

Andrew Coombs, CEO / Chris Bowman, CFO

+44 (0) 20 3059 0855

 

FTI Consulting (Financial PR)

Richard Sunderland / Giles Barrie / Talia Shirion / Ellie Smith

+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. 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 30 September 2025, the Company's
portfolio comprised 153 assets let to 10,958 tenants with a total book value
of €2.8 billion, generating a total rent roll of €242.5 million. Sirius
also holds a 35% stake in Titanium, its €350+ million German-focused joint
venture with clients of BNP Paribas AM 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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