TIDMSRE
RNS Number : 8657T
Sirius Real Estate Limited
30 March 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
30 March 2021
Sirius Real Estate Limited
("Sirius Real Estate", "Sirius" or the "Company")
SIRIUS PROMOTES RÜDIGER SWOBODA TO CHIEF OPERATING OFFICER
Newly created position fully aligns operations and sales
functions within the business
Sirius Real Estate, the leading owner and operator of branded
business parks providing conventional space and flexible workspace
in Germany, announces the promotion of Rüdiger Swoboda to the newly
created executive role of Chief Operating Officer.
As part of his extended remit, Rüdiger will continue to oversee
customer sales and lettings activities, while also taking
responsibility for business operations at an executive level,
aligning two integral customer facing functions within the senior
management team. This will include standardising operational
processes across the business; managing Sirius' relationships with
its tenants and customers; and ensuring that occupier demands are
met from a facilities, service and asset management perspective. He
will retain his position as Managing Director in parallel with the
COO role and will continue to report to CEO Andrew Coombs while
providing regular updates to the Board.
Rüdiger joined Sirius in 2010 as a Sales Director before being
promoted to the position of Joint Managing Director of Sirius
Facilities, the on the ground service provider responsible for the
day to day operations, lettings and asset management initiatives
across the Group's portfolio. In this role, he was primarily
responsible for customer sales. Working alongside the marketing
team, he can also be credited with transforming the Company's
market-leading sales and lettings platform, which, over the past
ten years, has seen an 80% increase in enquiries, with the average
conversion from enquiries to deals rising from less than 3% to over
13% during the same time period. The platform has exhibited robust
operational performance during the past 12-months, with strong
levels of occupancy and rent collection despite Covid-19.
Prior to joining Sirius, Rüdiger worked as a Director of Sales
for MICE AG, the full-service provider for sourcing and marketing
MICE (meeting, incentive, congress and event solutions), and has a
wealth of experience in leading national and international sales
teams. He began his career in asset management in 1994 and holds
both a Diploma and a dual (UK/ Germany) master's (MBA) degree in
business administration.
This promotion follows the appointment of Kremena Wissel to
Chief Marketing and Impact Officer earlier this year, and Rüdiger
will continue to work closely with Kremena to support the delivery
of the Company's ESG objectives across the business.
Commenting on the promotion, Andrew Coombs, CEO of Sirius Real
Estate, said: "Over the last ten years at Sirius, Rüdiger has made
a significant impact in shaping and standardising our customer
sales platform, contributing substantially to our growth as a
business. His deep expertise in the day to day operation of the
business, alongside his intrinsic understanding of our tenant base
and their evolving requirements, especially in a post-pandemic
environment, make him an outstanding fit for the COO position. I
look forward to continuing to work closely with him in this
expanded role, supporting Sirius in our efforts to deliver
long-term growth."
Rüdiger Swoboda added: "Sirius Real Estate is a
well-established, high-growth company with a strong entrepreneurial
spirit and, as someone with a passion for both people and the real
estate industry, I am looking forward to furthering my contribution
towards shaping our vision as COO. This new role enables a more
coordinated approach to our on the ground customer services
management, ensuring that Sirius maintains robust operational
controls, as well as the right services, people and systems
required to effectively grow the organisation. This will help
provide the financial strength and efficiencies needed for a
sustainable future for the Company."
- 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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