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Sirius Real Estate, operator of branded business and industrial parks in Germany and the UK, says it has completed the £16m (R320m) sale of its BizSpace Camberwell asset in London, realising a 94% premium on the sale, and intends to use the proceeds to pay down debt.

Sirius entered the UK market in November 2021 when it acquired BizSpace, a provider of regional flexible workspaces, for £245m. It offers light industrial, workshop, studio and out-of-town office units to a wide range of businesses across the UK...

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