12th Aug 2025 08:09
Sirius Real Estate Ltd - London and Johannesburg-listed property investor - Acquires Hartlebury Trading Estate in Worcestershire for GBP101.1 million, excluding acquisition costs. Describes this acquisition as "transformational" for its UK business which operates as BizSpace. With the Hartlebury Trading Estate deal, the portfolio will grow by 18% to 8.3 million square foot, while growing the gross asset value by about 20% and immediately boosting revenue by 10%.
The Worcestershire transaction follows Sirius' announcement last week of acquisitions in Dresden and Bedford and is the ninth business park it has bought in 2025, with a total investment value of EUR289.9 million. The estate generates net operating income of GBP6.9 million from over 100 tenants, with a WAULT of 4.1 years.
Stock price in London: 105.80 pence
12-month change in London: up 11%
Stock price in Johannesburg: ZAR25.03
12-month change in Johannesburg: up 13%
By Artwell Dlamini, Alliance News senior reporter South Africa
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