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Home News CRE

Sirius Real Estate Reveals Rent Roll Of $180 Million Following BizSpace Acquisition

In November of 2021, Sirius purchased Helix Investments for around $319 million, marking one of its largest expansions in the UK with the goal of “geographic diversification.”

Aayat AlibyAayat Ali
April 14, 2022
in CRE
Reading Time: 1 min read
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Sirius Real Estate Reveals Rent Roll Of 180 Million Following BizSpace Acquisition

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Sirius Real Estate revealed its rent roll reached $180 million after acquiring Helix Investments, the holding company for flexible operator BizSpace, late last year.  

In November of 2021, Sirius purchased Helix Investments for around $319 million, marking one of its largest expansions in the UK with the goal of “geographic diversification.” 

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“It provides us with our first expansion into a new geography via the acquisition of a significant portfolio of assets and an established operating platform, both of which we believe have huge potential,” Andrew Coombs said after the initial acquisition. 

The firm, which initially invested in German business parks, noted that BizSpace had “already [showed] positive momentum in terms of growing rents.”  

Following the acquisition, rents grew 7.5% like-for-like in the UK. 

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Source: City A.M.
Tags: CRE
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Aayat Ali

Aayat Ali

Aayat is an editor for the Daily Digest based in Lexington, Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces.

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