Announced
Financials
Tags
Friendly
office real estate
storage
Acquisition
Majority
Private
Real Estate Services
Single Bidder
Pending
United Kingdom
Private Equity
Domestic
Synopsis
Sirius Real Estate, an owner and operator of branded business and industrial parks, agreed to acquire BizSpace Group, a real estate services provider, from Varde Partners, a private equity firm, for $330m. "We are very happy to announce the acquisition of a high-quality and well diversified portfolio of assets, in a highly attractive and growing market. The acquisition of BizSpace brings with it an experienced and enthusiastic management team that we believe will be a good fit with the culture of Sirius' current management team and I look forward to building on the existing relationships between our businesses. The transaction provides an opportunity to enter a new geography at scale and extends our successful strategy to target highly strategic locations and assets in order to generate sustainable and growing returns on behalf of investors," Andrew Coombs, Sirius Real Estate CEO.
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