Sirius Real Estate appoints Justin Atkinson to its Board as Non-Executive Director

– GUERNSEY, Saint Peter Port – Sirius Real Estate Limited (LSE:SRE), the leading operator of branded business parks providing conventional space and flexible workspace in Germany, is pleased to announce the appointment of Justin Atkinson as a Non-Executive Director with immediate effect.

Justin was the Chief Executive of Keller Group plc, the FTSE 250 ground engineering company from April 2004 to May 2015, when he retired from Keller’s board of directors. Previously, Justin had been Keller’s Group Finance Director and its Chief Operating Officer. Justin trained and qualified as an accountant with Deloitte Haskins & Sells, now part of PwC, and spent the early part of his career with Thomson Reuters, before joining Keller in 1990. Justin is Senior Independent Director of Kier Group plc, a property, residential, construction and services group also in the FTSE 250 and Senior Independent Director of Forterra plc (formerly Hanson plc’s UK building products division), where he is also Chairman of the Audit Committee. He is also a Member of the Audit Committee of The National Trust.

Neil Sachdev, Non-Executive Chairman of Sirius Real Estate commented: “We are delighted to welcome Justin to Sirius. His appointment coincides naturally with Sirius’s move up to the main markets on the London Stock Exchange and Johannesburg Stock Exchange last week, as his experience at Board level of FTSE 250 companies fits with our ambitions for Sirius. We look forward to working closely alongside Justin and benefiting in particular from the experience he has of leading a fast growing business in the listed environment.”

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 Johannesburg Stock Exchange. It is a leading operator of branded business parks providing conventional space and flexible workspace in Germany. 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 risk adjusted 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, Sirius may consider their disposal in order to recycle equity into assets which present greater opportunity for the Group’s asset management skills.

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