Sirius Real Estate has completed the acquisition of the Hartlebury Trading Estate in Worcestershire for £101m.
Sirius is a leading owner and operator of branded business and industrial parks providing conventional space and flexible workspace in Germany and the UK.
The company said in a statement that 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 sq ft, while growing the gross asset value by approximately 20% and immediately boosting revenues by 10%.
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. Sirius has already identified a number of opportunities to increase income, in line with its value-add asset management strategy, including environmentally focused upgrades in the near term. The estate currently generates net operating income of £6.9m from over 100 tenants.
This transaction follows the Company’s 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 that has added €20 million of net operating income.
Andrew Coombs, CEO 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.”
He added: “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.
“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.
“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.”