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Sirius Real Estate taps retired Major General as adviser

Published 03/06/2025, 07:06
Sirius Real Estate taps retired Major General as adviser
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LONDON - Sirius Real Estate, a prominent operator of business and industrial parks in Germany and the UK, announced the appointment of retired Major General Angus Fay CB as Strategic Defence Adviser. The appointment comes amid expectations of increased defence spending in Europe, with Germany and the UK set to boost their defence budgets significantly.

Angus Fay, who brings 37 years of experience in military logistics, will advise Sirius on catering to the defence industry’s real estate needs. With up to 20% of Sirius’s portfolio deemed suitable for defence-related uses, the company is positioning itself to capitalize on the anticipated growth in demand.

Germany’s new Chancellor Friedrich Merz recently secured approval to release €900 billion for infrastructure and defence, relaxing the country’s debt brake. Concurrently, the UK’s Strategic Defence Review indicates a similar upswing in defence expenditures. Sirius’s estates, many of which have historical military uses, are expected to play a role in meeting the real estate requirements of this sector.

Andrew Coombs, CEO of Sirius Real Estate, remarked on the strategic importance of Fay’s expertise in enhancing the company’s portfolio to support government defence objectives. Fay, currently Managing Director of Squarcle Consulting Ltd., highlighted Sirius’s well-positioned portfolio to aid NATO and allied governments in achieving rapid mobilization and secure infrastructure needs.

Sirius Real Estate is listed on the London Stock Exchange (LON:LSEG) and the JSE Limited, with a portfolio value of over €2.5 billion as of March 31, 2025. The company’s strategy focuses on acquiring business parks, reconfiguring them to local market demands, and selectively disposing of mature assets for reinvestment.

This move by Sirius Real Estate is based on a press release statement, indicating the company’s proactive approach in aligning its real estate offerings with the evolving needs of the defence sector.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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