Business
Investing Policy
Investing Policy.
About this update from Sirius Real Estate Limited
[{"type":"text","content":"\n RNS Number : 9823C Sirius Real Estate Limited 24 November 2009 \n \n\n24 November 2009\n\nSirius Real Estate Limited (the \"Company\")\n\nInvesting policy\n\n\nUnder the AIM Rules the Company is deemed to be an investing company, and pursuant to Rule 8 of the AIM Rules for Companies it is required to restate its investing policy by no later than 1 December 2009. The Company's investing policy follows the investment strategy and other investment restrictions of the Company that have been in place since its admission to AIM in May 2007.\n\nInvesting objective and strategy:\n\nThe Company's principal objective is to generate total returns for shareholders through the payment of semi-annual dividends and net asset value growth, primarily through capital appreciation in the Company's portfolio.\n\nIt aims to achieve this by investing in, and managing, commercial real estate assets in Germany which can be sub-divided into flexible workspaces, with a primary focus on offices, business parks and industrial complexes, which meet the Company's investment criteria which include:\n\n\n\nlevels of demand at the location for premises from local SMEs;\n\n\nlevels of business activity at the location;\n\n\nquality of location and suitability of premises for sub-division into flexible workspaces in order to offer a range of business accommodation;\n\n\nwhether site densities are sufficiently low, prevalence of good car parking, and amounts of surplus land for expansion and development by third parties of complementary uses (for example, as a hotel or for self storage facilities);\n\n\nwhether capital values are sufficiently low; and\n\n\npotential to generate significant return on costs as multi-let space.\n\n\n\nThe Company intends that the property assets acquired should be actively managed pursuant to the asset management arrangements with its asset manager with the aim of enhancing rental and capital growth.\n\nUse of gearing:\n\nThe Company seeks to enhance returns through the selective use of gearing in the region of 60 to 80 per cent. LTV\n\n\nInvestment restrictions:\n\nUnder the Company's articles, the aggregate principal amount at any one time outstanding in respect of monies borrowed by the Company may not exceed 95 per cent. of the gross asset value of the Company\n...