Sirius Real Estate Ltd - London and Johannesburg-listed property investor - Acquires Hartlebury Trading Estate in Worcestershire for £101.1 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 €289.9 million. The estate generates net operating income of £6.9 million from over 100 tenants, with a WAULT of 4.1 years.
Stock price in London: 105.80 pence
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Stock price in Johannesburg: R 25.03
12-month change in Johannesburg: up 13%
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