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Sirius Real Estate has announced the sale of two non-core business park assets in Sheffield, UK, while also expanding its presence in the self-storage segment through the acquisition of three new sites. The company will dispose of the Sheffield properties for GBP 5.3 million, representing a 3% premium to their book value. At the same time, Sirius will invest GBP 12.6 million to acquire and develop three self-storage locations, reflecting its continued focus on portfolio optimisation and growth in sectors with long-term demand potential.
Sirius Real Estate has agreed to dispose of two non-core business park assets in Sheffield, United Kingdom, as part of its ongoing portfolio management strategy.
The company said the two Sheffield business parks will be sold for GBP 5.3 million, achieving a 3% premium to their book value.
Alongside the asset sale, Sirius has agreed to acquire and develop three self-storage sites for a total investment of GBP 12.6 million. The transaction reflects the company's continued focus on expanding its self-storage platform while recycling capital from assets considered non-core to its long-term strategy.
Sirius Real Estate has increasingly focused on flexible workspace and self-storage assets across the UK and Germany, with self-storage remaining a key growth area due to rising demand from both individuals and businesses seeking additional space solutions.
The latest acquisitions are expected to strengthen the company's presence in the self-storage market while supporting future income growth.
Source Reuters
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