Sirius Real Estate has acquired its ninth business park in 2025, the Hartlebury Trading Estate in Worcestershire for £101.1 million.

The acquisition is transformational for Sirius’ UK business which operates as BizSpace where it will increase the size of the portfolio by 18% to ±771 000m² while growing its gross asset value by approximately 20% with an immediate boost in revenue by 10%.

Hartlebury Trading Estate is set on a vast 171-acre site comprising freehold multi-let industrial park with approximately 139 000m² of warehouse space alongside 17 acres of industrial open storage plots which present numerous income opportunities.

The asset was acquired with 84% occupancy with most of its vacant space either recently refurbished or newly built. It currently generates net operating income of £6.9 million from over 100 tenants with a Weighted Average Unexpired Lease Term of 4.1 years.

“In 2025 alone, we’ve secured investments of just under €290 million into income-generating business parks, bringing a total of €20 million of new initial net operating income into the Group,” comments Sirius CEO, Andrew Coombs.

“This demonstrates our ability to source and execute accretive investments that not only strengthen our rent roll but also unlock long-term growth potential through development and repositioning initiatives.“

“We have now fully allocated the capital from our two equity raises in November 2023 and July 2024, as well as the corresponding leverage that was unlocked from the May 2024 bond tap and January 2025 bond issuance. Whilst we still have some balance sheet headroom remaining because of the valuation increase we achieved in the last financial year, we are pleased that our capital deployment has been successful, and shareholders will see the effects of the growth and accretion it brings come through in our second half results and beyond.”

The transaction follows the Company’s recent announcement of acquisitions in Dresden and Bedford.