Sirius Real Estate included in FTSE EPRA-NAREIT Index

Germany-focussed branded business parks operator Sirius Real Estate announced on Wednesday that its shares have qualified for inclusion in the FTSE EPRA/NAREIT Global Real Estate Index, Developed EMEA region.

The AIM-traded firm said the latest inclusion would effective on 19 March, and followed its entry into the FTSE/JSE SA Listed Property Index 18 December.

It described the FTSE EPRA/NAREIT Global Real Estate Index as a stock market index series jointly managed by EPRA in Europe, FTSE in the UK and NAREIT in the US, and was composed of all major real estate company constituents that trade on the “world's leading” exchanges.

The SAPY comprises the top 20 property companies in the South African real estate sector by market capitalisation, with a primary listing on the Johannesburg Stock Exchange.

“The FTSE EPRA/NAREIT Global Real Estate Index is the benchmark index for institutional property investors and we are therefore delighted to be included in the index from 19 March,” said chief executive Andrew Coombs.

“This, together with our inclusion in the SAPY last December will all add to Sirius's investment appeal.”