Sirius Real Estate has completed the acquisition of the trading estate, with it described as “transformational” for its UK business which operates as BizSpace”.
With the Hartlebury Trading Estate deal, the portfolio will grow by 18 per cent to 8.3 million square foot, while growing the gross asset value by about 20 per cent and immediately boosting revenue by 10 per cent.
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.
Hartlebury Trading Estate is set on a 171‐acre site comprising a freehold multi‐let industrial park with approximately 1.5 million sq ft of predominantly warehouse accommodation, alongside 17 acres of industrial open storage plots. The business park was originally built by the Ministry of Defence as an RAF maintenance base.
Andrew Coombs, chief executive officer of Sirius Real Estate, said: “The acquisition of Hartlebury Trading Estate marks a significant and highly strategic milestone for our U.K. BizSpace platform. Adding over 1.5 million sq ft across 171 acres, this transaction materially scales our U.K. portfolio and positions us as a leading player in the Midlands region.
“The estate offers immediate, robust cash flow from a well‐diversified and stable tenant base, while also presenting a number of opportunities to leverage the combined expertise of the Sirius and BizSpace platforms to enhance existing revenues and unlock new income streams through hands‐on asset management, further enhancing the yield.
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“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. 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 as a result 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.”
