Sirius Real Estate to buy Hartlebury Trading Estate for R2.4bn, its ninth acquisition this year

SIRIUS Real Estate, JSE-listed owner of industrial parks in Germany and the UK, has announced a third acquisition ina week - it will buy Hartlebury Trading Estate in the UK for £101.1 million (R2.41 billion).

- EDWARD WEST

“The acquisition is transformational for Sirius’ UK business, which operates as BizSpace, where it will increase the size of the portfolio by 18% to 8.3 million square feet, while growing the gross UK asset value by about 20% and immediately boosting revenues by 10%,” said Sirius’s CEO Andrew Coombs. This transaction follows the announcement last week of acquisitions in Dresden and Bedford and it is the ninth business park the group has bought in 2025, with a total investment value of €289.9m that has added €20m of net operating income.

The Hartlebury estate currently generates net operating income of £6.9m from over 100 tenants. It has been acquired with 84% occupancy, with the majority of vacant space either recently refurbished or newly built.