Sirius

We are an owner and operator of branded business parks, industrial complexes and out of town offices in Germany and the UK.

Sirius applies a high-return, value-add business model to investments in industrial, warehouse and out of town office properties in both markets. 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.

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. 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. While the stability of anchor tenants is important for income security, our 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. 

 

Our workspace

  • nurnberg.png

    Offices

    Across Sirius’ portfolio, our office space comprises office areas and buildings on industrial business parks, office buildings attached to warehouses, as well as standalone office buildings in more traditional office districts. Within these, we offer a wide range of conventional and flexible office solutions on either long or short-term leases, offering flexibility for our range of clients. Some business centres offer service packages such as furniture, IT and conferencing as well as co-working areas and virtual offices.

    • Production, storage and office space
    • 56.2% of annualised rent roll
  • storage.jpg

    Storage

    For businesses and private households, our sites across Germany and the UK offer a wide range of storage space options including warehouses, storerooms and self-storage products

  • warehouse.jpg

    Production, warehouses and workshops

    Large production areas form the base of many of Sirius’ business parks. These spaces are complemented by smaller workshop areas, which give clients flexibility throughout the development of their businesses and as their requirements evolve. Beyond this, Sirius’ modern business parks often have large warehouse spaces which can be used for a wide range of purposes such as large-scale production.

Focus on Germany

The Group owns 70 wholly owned business parks in Germany, comprising 1.8 million sqm of lettable space. In addition, the Group manages one, and holds a 35% interest in seven additional properties through its Titanium joint venture with AXA IM Alts. The value of owned property in Germany held by the Group as at 31 March 2023 was €1.7 billion.

Our sites in Germany

 

  • nurnberg.png

    Traditional business parks

    Our traditional business parks typically feature multiple mixed-use buildings and over 30,000 sqm of workspace. The majority of these sites were originally constructed by owner occupiers generally for manufacturing and industrial usage but have since undergone significant investment by Sirius to be reconfigured for multi-tenant use and to meet the needs of modern businesses. Today, these sites offer a range of different workspace options, ranging from conventional large-scale office, storage, industrial spaces, to smaller-sized and flexible self-storage, office and conference room options. As such, traditional business parks are frequently home to large blue-chip tenants, alongside a significant number of SME and individual tenants.

    • Multi-tenanted
    • Large multinational companies
    • Long-term leases
    • Production, storage and office space
    • 56.2% of annualised rent roll
  • building-2.jpg

    Modern business parks

    Our modern business parks often comprise expansive sites of over 20,000 sqm, featuring a blend of warehouses and office buildings. These parks are known for their superior quality and are easier to manage than traditional business parks due to a higher proportion of office space. Tenants are typically SMEs and individual customers. 

    • Multi-tenanted
    • SMEs and individual customers
    • Long and short-term leases
    • Warehouse, storage and office space
    • 26.9% of annualised rent roll
  • portfolioimages-dreieich.png

    Office buildings

    Our office buildings are typically well located on the periphery of major economic centres and offer both conventional and flexible office space to SMEs and larger corporates seeking a cost-effective alternative to city centre locations. Our office buildings provide high-quality space that can be quickly adapted to meet the changing needs and working practices of our tenants.

    • Single and multi-tenanted
    • SMEs
    • Long and short-term leases
    • Office space
    • 16.9% of annualised rent roll

Focus on the UK

The Group operates 70 sites throughout the UK, comprising 4.2 million sq ft (0.4 million sqm) of lettable space, generating £48.5 million (€55.2 million) of annualised rent roll. All our UK sites operate under the BizSpace brand and were acquired in November 2021. BizSpace offers 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.

 

 

Our sites in the UK

 

 

  • Bradford Albion Mills 01 500

    Industrial

    BizSpace provides a range of workshops and small industrial units for businesses needing space for light industrial work like manufacturing, repairing and packing, or warehouse space to store stock. Our industrial spaces range from private, self-contained workshops to managed workshop units where tenants have access to shared amenities. All units are unfurnished and sold on a sq ft basis.

  • Ashford 02 500

    Office buildings

    BizSpace caters to the office needs of small and growing SMEs, ranging from small units of 80-120 sq ft which are ideal for two to three people, to larger units of over 800 – 9,000 sq ft for companies with 20-200 people. The majority of our office units are sold on a sq ft basis and are sold unfurnished, but a number of our sites also contain fully-furnished serviced offices where tenants are charged an all-inclusive monthly bill which includes Wi-Fi, utilities, cleaning and reception staff. We also have a number of co-working spaces where entrepreneurs, start-ups and self-employed individuals work alongside one another in a single shared space.

  • Camberwell Lomond 01 500

    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. All units are sold unfurnished on a sq ft basis with the customer having the flexibility to choose between a lease or a licence.

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.