PCX Principle Cap.

 

TIDMSRE TIDMPCX 
 
RNS Number : 2007D 
Sirius Real Estate Limited 
27 November 2009 
 

 
 
SIRIUS REAL ESTATE LIMITED ("Sirius" or the "Company") 
Notice of results and results preview 
 
 
Sirius Real Estate Limited, the real estate company established to acquire large 
mixed-use commercial sites for upgrading to flexible workspaces in Germany, will 
be reporting interim results for the period ended 30 September 2009 on Monday 7 
December 2009. 
A presentation to analysts will be held on the day at J.P. Morgan Cazenove (20 
Moorgate, London EC2R 6DA) at 9.30am. 
The Company is pleased to report that it expects the property valuations to be 
stable over the 6 month period, and despite some anticipated tenant departures, 
the total revenue for the six months to 30 September is expected to be in line 
with market expectations. Recent letting activity has been encouraging and 
Sirius continues to demonstrate its ability to attract tenants at above market 
rates and significantly higher than the rates of vacating tenants. 
The investment in initiatives to impro ve cost recoverability and to reduce 
direct costs within the business has continued over the 6 month period. As a 
result of the cost of this investment continuing, profits for both the 6 months 
to 30 September 2009 and for the full year to 31 March 2010 are likely to be 
below currently available market estimates. This investment is expected to 
result in material operational efficiencies and cost savings in the 
following financial years. 
Enquiries: 
Principle Capital Sirius Real Estate Asset Management Limited 
Kevin Oppenheim, 
CEO020 7632 4130 
Alistair Marks, CFO 
 
 
Cardew Group 
Tim Robertson     020 7930 0777 
Catherine Maitland 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 NORFDLFLKFBBFBE 
 

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