Acquisition

Dawnay, Day Sirius
03 July 2007




3 July 2007


Dawnay, Day Sirius Limited has agreed to acquire two German business parks for
€26.15 million and agreed a major lease extension at Bremen


Dawnay, Day Sirius Limited (the 'Company'), the real estate company established
to acquire large mixed-use commercial real estate in Germany for upgrading to
flexible workspaces, is pleased to announce that it has agreed to acquire two
freehold business parks for a combined total of €26.15 million. In addition, the
Company has agreed a new 5 year lease extension at its largest site in Bremen
with the anchor tenant BAT, the international tobacco group.

In line with the Company's strategy, the two sites being acquired are well
suited for upgrading into modern flexible workspaces to be leased predominantly
to small and medium sized enterprises (SMEs). The German SME sector has
experienced strong improvements and is a key component of the German economy.
The Company believes that there is currently no other branded operator at a
national level of quality flexible workspaces targeting tenants in the SME
sector.


Mannheim

The first acquisition is a business park located in Mannheim, 70 kilometres
south of Frankfurt and is one of the largest areas of industry in Germany. The
site consists of offices, production facilities and warehouses with a total
lettable space of 68,320 m2. The occupancy rate is 67.8% and tenants include
Bopp & Reuter AVG, a subsidiary of the German IWKA Group. The net rental income
is approximately €1.75m with a net initial yield of 12.95%.

There is approximately 29,000 m2 of vacant warehouse and office space which
provides the Company with the opportunity to transform and modernise the site to
attract new predominantly SME tenants. This will include sub-dividing into
flexible workspaces, creation of a conference centre and installation of a
fitness centre to attract local residents. The site also has surplus land which
will provide significant future development opportunities.


Koln

The second acquisition is a mixed-use commercial site located in Wilhelm-Ruppert
Street which consists of production facilities, offices, a hotel and one
residential building with 3 units with a total lettable space of 30,742 m2. The
site is located in an industrial area of the district Koln-Wahn which has easy
access to the motorway and is only five minutes from the Koln-Bonn Airport. The
current occupancy rate is 72.1% and is mainly occupied by a large number of
small and medium sized enterprises. Net rental income is approximately €0.91m
with a net initial yield 7.13%.

There is approximately 8,576 m2 vacant warehouse, office and leisure space.
Again, the Company intends to transform this area to attract new tenants and
provide attractive local facilities. There is an existing fitness centre on
site.


Bremen

The Company has agreed a five year lease extension and a rental increase with
BAT at Bremen, which is the Company's largest site. BAT currently occupies
21,000 m2 of space and is the Company's anchor tenant. In addition, the Company
has also agreed a new short term storage facility lease with BAT on the same
site. The storage facility is 8,000 m2.

Completion of both acquisitions will take place following satisfaction of
standard administrative conditions.


Kevin Oppenheim of the Asset Manager said:

'These acquisitions are significant and provide us with an ideal opportunity to
modernise and rebrand into vibrant business parks to attract new SME tenants.
The sites are well-located in established commercial areas, with scope to
generate a significant uplift in rental value. In addition, we have a
significant pipeline of further acquisitions and are in active discussions with
a number of vendors to acquire similar sites. We are also very pleased that BAT
has agreed to extend their lease in Bremen, which we believe reflects positively
on the value of the improvements we will make to the site.'


Further Enquiries

Sirius Facilities Group    Kevin Oppenheim        020 7861 0550
www.dawnaydaysirius.com    Alistair Marks

JPMorgan Cazenove          Robert Fowlds          020 7588 2828
                           Bronson Albery


KBC Peel Hunt              Capel Irwin            020 7418 8900

Cardew Group               Tim Robertson          020 7930 0777 M: 07900 927 650
                           Shan Shan Willenbrock
                           Catherine Maitland


Notes to Editors


The Company was admitted to AIM ('Admission') in May 2007 with an initial market
capitalisation of €300 million. Following Admission, the Company in June,
acquired 20 properties in Germany with a combined lettable space totalling c.
390,000 m2, independently valued by DTZ at €206 million ('the Initial
Portfolio'). The Company announced its intention to acquire the Initial
Portfolio at the time of its Admission.







                      This information is provided by RNS
            The company news service from the London Stock Exchange