![](\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/08\/2000&operation=CROP&offset=0x3&resize=2000x1125.jpg\")
<\/p>\n<\/p>\n
Sirius Real Estate said Wednesday it had acquired business\u00a0parks\u00a0in Dresden, Germany for \u20ac23.4 million (R484.4m) and Bedford, UK for \u00a316.13m (R385.1m).<\/p>\n
Sirius, the London and JE-listed owner and operator of branded business and industrial parks providing conventional space and flexible workspace in Germany and the UK, said in a statement\u00a0that\u00a0both transactions were identified and purchased off market.<\/p>\n
\u201cFollowing last year\u2019s successful equity raise and bond issuances, along with our recently secured \u20ac150m revolving credit facility, we are strongly capitalised to continue executing accretive acquisitions across the UK and Germany, with these latest transactions a clear demonstration of our sourcing capabilities,\u201d said Sirius\u2019 CEO Andrew Coombs.<\/p>\n
The Dresden site is a 21 158 square metre light industrial park occupied by the vendor who has entered into a 1-year sale and leaseback and is expected to vacate thereafter.<\/p>\n
Sirius plans to convert the site into a multi-let industrial park after the tenant departs and will use the intervening time to curate a multi-let strategy. The site currently generates net operating income of \u20ac2.1m.<\/p>\n
The site will be Sirius\u2019s fourth in the Dresden area, alongside Klipphausen, Reinsberg and MicroPolis.<\/p>\n
The company said Dresden was attracting significant inward investment, particularly in the semiconductor sector, with construction of a \u20ac10 billion manufacturing plant already underway by a consortium led by Taiwan Semiconductor Manufacturing Company.<\/p>\n
This investment was generating tenant demand for Sirius\u2019 existing sites in the region, with this newly acquired site expected to attract similar levels of interest, said Coombs.<\/p>\n
In the UK, Bedford Heights was a 238 000 square foot multi-let business park comprising warehouse, leisure, studio and office space, with a three-acre car park.<\/p>\n
The property was in line Sirius\u2019 strategy of targeting well-located, income-generating assets with value-add potential. The acquisition also aligned with Sirius\u2019 focus on the defence sector, with 36% of the site let to tenants with strong defence and military backgrounds.<\/p>\n
The asset was 96% occupied, generating a net operating income of \u00a31.54m. It\u2019s largest tenant, an electric components manufacturer, occupies 33% of the space.<\/p>\n
The park was near Sirius\u2019s existing sites in Sandy and Milton Keynes, allowing for operational synergies. Bedford was also the site of a proposed Universal branded theme park, which was forecast to deliver \u00a350 bn of economic benefit to the area over the next 20 years.<\/p>\n
Sirius also completed the sale of a small non-core asset in Huddersfield, UK, to an individual for \u00a31.55m, reflecting a 7% premium to the asset\u2019s most recent book value. Proceeds would be redeployed into opportunities in the group\u2019s portfolio.<\/p>\n
So far in 2025, Sirius had notarised or acquired about \u20ac165m of assets in the UK and Germany. This included the recently acquisition of a property in L\u00fcbeck, along with earlier acquisitions in Munich, Reinsberg, Monchengladbach, Oldham and Chalcroft.<\/p>\n
BUSINESS REPORT<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"Sirius Real Estate said Wednesday it had acquired business\u00a0parks\u00a0in Dresden, Germany for \u20ac23.4 million (R484.4m) and Bedford, UK…\n","protected":false},"author":2,"featured_media":323740,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5310],"tags":[2000,299,1824],"class_list":{"0":"post-323739","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-germany","8":"tag-eu","9":"tag-europe","10":"tag-germany"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114984423540508788","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/323739","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=323739"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/323739\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/323740"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=323739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=323739"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=323739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}