Update re Press Comment

RNS Number : 5182D

Sirius Real Estate Limited

03 December 2009

 



3 December 2009

Sirius Real Estate Limited (the 'Company')

Update Re Press Comment

Further to our announcement dated 6 November 2009 noting press speculation with regard to the potential acquisition by the Company of a German property portfolio, the Company announces that it is no longer in discussions concerning this potential acquisition. 

Discussions terminated after a substantial amount of due diligence and negotiations had been carried out. Accordingly the Company expects that it will incur professional advisory fees (which are the subject of ongoing negotiations) of approximately €1 million in connection with this aborted transaction.

Enquiries:

Principle Capital Sirius Real Estate Asset Management Limited	Kevin Oppenheim Alistair Marks	020 7632 4130
Cardew Group	Tim Robertson Catherine Maitland	020 7930 0777

 

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