Dawnay, Day Sirius
06 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THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION,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 estate
company established to acquire large mixed-use commercial real estate for
upgrading to flexible workspaces, today announces it has successfully completed
the acquisition of 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 Initial Portfolio generates an aggregate annual net
rental 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 time
of its IPO, in May 2007.
Kevin Oppenheim of the Asset Manager said: 'In addition to acquiring the Initial
Portfolio, we have a significant pipeline of further acquisitions with a total
valuation in excess of €400 million. These properties, together with the Initial
Portfolio are ideal for transforming into flexible workspaces and we look
forward to announcing further updates on the Company's progress.'
Further Enquiries
Sirius Facilities Group Kevin Oppenheim 020 7861 0550
www.dawnaydaysirius.com Alistair Marks
JPMorgan Cazenove Robert Fowlds 020 7588 2828
Bronson Albery
Cardew Group Tim Robertson 020 7930 0777
Shan Shan Willenbrock M: 07900 927 650
Catherine Maitland
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