6th Jun 2007 07:00
Dawnay, Day Sirius06 June 2007 THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION,DISTRIBUTION OR RELEASE IN, OR INTO, DIRECTLY OR INDIRECTLY, THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN. Dawnay, Day Sirius Limited completes acquisition of the Initial Portfolio Dawnay, Day Sirius Limited (the "Company"), the newly incorporated real estatecompany established to acquire large mixed-use commercial real estate forupgrading to flexible workspaces, today announces it has successfully completedthe acquisition of 20 properties in Germany with a combined lettable spacetotalling c. 390,000 m2, independently valued by DTZ at €206 million ("theInitial Portfolio"). The Initial Portfolio generates an aggregate annual netrental income of approximately €13.0 million and a net initial yield of 6.3%.The Company announced its intention to acquire the Initial Portfolio at the timeof its IPO, in May 2007. Kevin Oppenheim of the Asset Manager said: "In addition to acquiring the InitialPortfolio, we have a significant pipeline of further acquisitions with a totalvaluation in excess of €400 million. These properties, together with the InitialPortfolio are ideal for transforming into flexible workspaces and we lookforward to announcing further updates on the Company's progress." Further Enquiries Sirius Facilities Group Kevin Oppenheim 020 7861 0550www.dawnaydaysirius.com Alistair Marks JPMorgan Cazenove Robert Fowlds 020 7588 2828Bronson Albery Cardew Group Tim Robertson 020 7930 0777 Shan Shan Willenbrock M: 07900 927 650 Catherine Maitland These materials are not for publication or distribution, directly or indirectly,in, into or from the United States of America, Canada, Australia or Japan. Thesematerials do not constitute or form part of any offer or invitation to sell orissue or any solicitation of any offer to purchase or subscribe for anysecurities in any jurisdiction, nor shall it (or any part of it) or the fact ofits distribution form the basis of, or be relied upon in connection with, or actas any inducement to enter into, any contract or commitment therefor. The shares mentioned herein have not been, and will not be, registered under theUS Securities Act of 1933 (the "Securities Act"), and may not be offered or soldin the United States except pursuant to an exemption from the registrationrequirements of the Securities Act. No public offer of the shares is being madein the United States and the information contained herein does not constitute anoffering or securities for sale in the United States, Canada, Australia orJapan. No money, securities or other consideration is being solicited and, ifsent in response to the information contained herein, will not be accepted. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Sirius Real Estate