Sirius Real Estate expands with two major business park acquisitions

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02-09-2025
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Property Wheel
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Sirius Real Estate has completed acquisitions of a business park in Dresden, Germany, for €23.4 million and a business park in Southampton in the UK for £38.6 million together with an adjoining 4.5-acre development site with outline planning permission for a further £4.2 million.

The Company plans to reposition the Dresden site, its fourth asset in the area, as a multi-tenanted business park. The property was acquired an EPRA net initial yield of 9.13% and it currently generates a net operating income (NOI) of €2.1 million.

The Southampton business park currently generates an NOI of £2.1 million, and it was acquired at an EPRA net initial yield of 5.5%.

“The completion of these two acquisitions immediately adds €4.5 million of annualised income to Sirius’ €2.7 billion portfolio in Germany and the U.K. More importantly, they provide attractive opportunities to leverage our platform to grow revenues and unlock new income streams through active asset management, enhancing yields while capitalising on the assets’ strategic locations where we already have an established presence,” comments CEO of Sirius, Andrew Coombs.

“Both acquisitions are fully aligned with our strategy of developing a diversified mix of flexible out-of-town business and industrial space tailored to local market demand, while supporting Sirius’ broader sustainability objectives.”

With nearly €300 million of new investments secured in 2025, the business park acquisitions follow the Company’s recent acquisition of a business park in Hartlebury Trading Estate in Worcestershire for £101.1 million.