Sirius

We are an owner and operator of branded business parks providing conventional and flexible workspace in Germany and the UK.

The Group’s assets contain space with a range of usages including production, offices, warehouses and storage. Most sites have a combination of anchor tenants which provide secure long-term income, SME tenants on a combination of conventional and flexible lease terms and Smartspace serviced tenants which comprise a wide variety of companies and individuals using self-storage, serviced office and workbox products.

The stability of the anchor tenants is important for income security as the high-yielding Smartspace products, which are generally created by transforming previously sub-optimal space, acquired for very low cost, provide a substantial boost to income returns.

Sirius applies a high-return, value-add business model to investments in industrial, warehouse and out of town office properties in Germany and the UK. The Company derives value through the execution of a stringent acquisitions process followed by selective capital investment and the roll-out of an intensive asset management plan which focuses on transforming vacant and sub-optimal space into high-quality conventional and flexible workspace. When assets have been fully transformed they are either held for their stable income or sold, with the proceeds recycled into opportunistic assets with value-add potential.

 

Focus on Germany

As at 31 March 2022 in Germany the Group owned 69 wholly owned business parks. In addition, the Group managed two, and held a 35% interest in seven additional properties through its Titanium venture with AXA IM Alts. The value of owned property in Germany held by the Group as at 31 March 2022 was €1.6 billion. The German portfolio can be split into the following three categories, of which rent roll contribution relates to the German rent roll only:

 

Our workspace in Germany

The Group has a well-diversified income and tenant profile from large multinational corporations working within a broad range of industries to smaller SMEs and individual customers. These tenants use several types of workspace on both long-term and flexible leases. Much of the workspace is created through the Company’s capex investment programmes, which transform vacant and sub-optimal space into high-quality conventional production, storage and office facilities, as well as our innovative range of flexible Smartspace products. As a result, the Company attracts a wide variety of tenants and increases footfall on its properties whilst generating higher income and capital growth from space that would often have been considered structural vacancy and remain empty or be rented at low rates.

  • office.jpg

    Offices

    The office space within the German portfolio comprises office areas and buildings on industrial business parks, office buildings attached to warehouses and standalone office buildings in more traditional office areas.

    Within these office types we offer a wide range of conventional and flexible office solutions on either long or short-term leases. Some business centres offer service packages such as furniture, IT and conferencing as well as co-working areas and virtual offices.

    Offices and co-working and office space are securable in Sirius business parks.

    • Conventional offices
    • Smartspace office
    • Officepods
    • Virtual office
  • storage.jpg

    Storage

    For businesses and private households, the wide range of storage space on offer in the Sirius estate provides many options on varying scales. Warehouse, storerooms and self-storage options are available in Sirius business parks.

    • Classical storage spaces
    • Smartspace storage
    • Flexistorage
  • warehouse.jpg

    Production, warehouses and workshops

    Large production areas form the base of many Sirius’ business parks; however, these are complimented by smaller workshop areas, which give clients optionality as they start their businesses and as their business needs change. Additionally, the modern business parks often have large warehouse spaces which can be used for many different purposes:

    • Large-scale production spaces
    • Warehouse spaces
    • Smartspace Workbox

Focus on the UK

The acquisition of BizSpace in November 2021 provided the Group with an entry into a new market at scale in a single transaction. BizSpace operates 71 sites throughout the UK, comprising 0.4 million square meters of lettable space, generating £45.1 million (€53.3 million) of annualised rent roll. The portfolio can be broadly split into three main categories.

Our workspace in the UK

BizSpace, is a leading provider of regional workspace across the UK, offering light industrial, workshop, studio and out of town office units to a wide range of businesses offering a blend of flexible agreements and longer-term leases.

  • Industrial

BizSpace’s industrial workshops are a combination of self-contained units which have roller shutter doors and converted manufacturing complexes which have been subdivided to cater for SMEs. This product is unfurnished and sold on a sq ft basis.

  • Mixed use

BizSpace’s mixed sites have a combination of workshop space and office space on site. These sites are typically converted mills or factories which have been modernised and repositioned to provide flexible workspace accommodation. The sites all have a part-time or full-time manager on site, but the customer proposition is centred around value for money. All units are sold unfurnished on a sq ft basis with the customer having the flexibility to choose between a lease or a licence.

  • Office

BizSpace’s office assets are dedicated to SMEs and microbusinesses that seek maximum flexibility. The units are generally unfurnished and sold on a sq ft basis with customers benefiting from a dedicated on-site manager. Customers have the ability to take advantage of additional services such as the provision of internet services and furniture. In addition, BizSpace provides a full serviced office offering at a smaller number of locations which enable customers to benefit from a wider range of services at an all-inclusive, fixed price per desk.

In this section

Important

Please select the country of your residency:

By clicking the "Submit" button you certify that you are resident in the selected country.

Important

Please enter the telephone country code of the selected country:

By clicking the "Submit" button you certify that you are resident in the selected country.

Disclaimer - Important

TERMS OF ACCESS TO INFORMATION ABOUT A PROPOSED OFFERING (THE "TRANSACTION") BY SIRIUS REAL ESTATE LIMITED (THE "COMPANY")


Please read this notice carefully - it applies to all persons who view this site and, depending on where you are located, may affect your rights or responsibilities. The Company reserves the right to amend or update this notice at any time and you should, therefore, read it in full each time you visit the site. In addition, the contents of this part of the website may be amended at any time, in whole or in part, at the sole discretion of the Company.

The materials you seek to access are made available in good faith and for information purposes only and are subject to the terms and conditions set out below. Any person seeking to access this webpage represents and warrants to the Company that they are doing so for information purposes only and they agree to be bound by the terms and condition set out below. If you do not agree to the terms and conditions please exit this site by clicking "I disagree" box below.

Viewing the materials you seek to access may not be lawful in certain jurisdictions. In other jurisdictions, only certain categories of person may be allowed to view such materials. Any person who wishes to view these materials must first satisfy themselves that they are not subject to any local requirements that prohibit or restrict them from doing so. Any failure to comply with any such restrictions may constitute a violation of the securities laws or regulations of such jurisdiction.

The information contained in this part of the website does not constitute an offer of securities for sale or subscription or any solicitation for any offer to buy or subscribe for any securities in the United States, Australia, New Zealand Canada, and Japan and South Africa or any other jurisdiction if to do so would constitute a violation of the relevant laws of, or require registration thereunder in, such jurisdiction (each a "Restricted Jurisdiction"). If you are located or resident in the United States or any other Restricted Jurisdiction, please exit this webpage by clicking on the "I disagree" box below.

The information to which this gatepost gives access is intended exclusively for persons who are not residents of the United States and who are not physically located in the United States. The information contained in this part of the website does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, or with any securities regulatory authority of any state or other jurisdiction of the United States, and may not be offered, sold, resold, transferred, delivered or distributed, directly or indirectly, in any form, in or into, the United States, except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements under the Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States. No public offering or sale of securities in the United States will be made.

You should not download, mail, forward, distribute, send or show the information or documents contained on this part of the website to any person. The information contained in this part of the website, including any material you may access, is not to be provided by you to any other person, in electronic form or otherwise, and is not to be accessed, published, copied, forwarded or otherwise disseminated in or into the United States.

Any securities referred to in the materials that follow will not be registered under the securities laws of any Restricted Jurisdiction and may be offered or sold, directly or indirectly, within such jurisdictions only pursuant to an applicable exemption from and in compliance with any applicable securities laws.

Members of the public are not eligible to take part in the placing. These materials are only addressed to and directed at: (i) persons in Member States of the European Economic Area (the "EEA") who are qualified investors within the meaning of article 2(e) of Regulation (EU) 2017/1129 and (ii) persons in the United Kingdom who are qualified investors within the meaning of article 2(e) of Regulation EU) 2017/1129 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 who are: (a) persons who have professional experience in matters relating to investments falling within the definition of “investment professionals” in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (b) are persons falling within Article 49(2)(a) to (d) (“high net worth companies, unincorporated associations, etc”) of the Order; and (c) other persons to whom this communication may lawfully be communicated (all such persons in (a), (b) and (c) above together being referred to as "relevant persons"). The securities described in the materials are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, Qualified Investors in any Member State of the EEA and relevant persons in the United Kingdom. Any person in any Member State of the EEA who is not a Qualified Investor and any person in the United Kingdom who is not a relevant person should not act or rely on the materials or any of their contents.

If you are not permitted to view materials on this webpage or are in any doubt as to whether you are permitted to view these materials, please exit this webpage by clicking on the “I disagree” box below.

By proceeding, you agree to comply with the terms set out above and confirm that you are a resident of the country you identified earlier who is accessing this website from within that country, and you additionally represent, warrant and agree that:
  1. You are not accessing this website from within the United States or any other Restricted Jurisdiction;
  2. You will not print, download, or otherwise seek to copy, mail, forward, distribute or send any of the materials on this webpage to any other person at any time; and
  3. You intend to access this webpage for information purposes only and that you have read and understood the disclaimer set out above and are permitted to proceed to electronic versions of the materials.

 

No Access

We regret that, due to applicable legal restrictions, we are unable to provide you with access to the requested content. We apologise for any inconvenience this may cause.

Return Home