Edward West edward.west@inl.co.za SIRIUS Real Estate, owner of business and industrial parks in Germany, has acquired Helix Investments, holding company of BizSpace, for £245 million (R4.96 billion) cash as it enters the UK market for the first time.
Sirius also yesterday announced a £135m capital raise, which will include an offer of shares to UK, South African and other institutional investors, and an offer to UK retail investors.
BizSpace is a leading provider of regional flexible workspace, offering light industrial, workshop, studio and out of town office units to a wide range of businesses across the UK.
Sirius’ board said in a statement the acquisition was an “attractive and important opportunity” to allow Sirius to enter, at scale, an under-served wider UK market, with a one-step acquisition of…