Värde Partners agrees on €445m sale of BizSpace to Sirius Real Estate

Värde Partners, a global alternative-investment firm, has agreed to sell BizSpace, a provider of regional flexible workspace in the United Kingdom, to Sirius Real Estate for £380 million (€445 million/$516 million).

With 72 locations across Great Britain offering more than 4.3 million square feet of industrial, mixed-use and office space, BizSpace is home to more than 3,250 small and medium businesses.

BizSpace is one of the country’s largest flexible-workspace providers and is positioned to benefit from secular trends in the workspace market. The vast majority of its portfolio in regional locations are convenient for small and medium  business owners.

“Having successfully grown and repositioned the business, we believe BizSpace is incredibly well positioned to capitalize on the changing use of commercial real estate. As the nature of workspace use continues to shift, the company is underpinned by a proven operating platform capable of meeting the evolv