Sirius Real Estate to acquire BizSpace Group from Varde Partners for $330m.

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.