Arrow Capital Partners has acquired a multi-tenant logistics property in the Netherlands for its European industrial real estate platform.
The manager said it has bought the fully-let 22,500msqm asset at Voltaweg 1, Galvaniweg 2-6 in Echt on behalf of the €3bn Strategic Industrial Real Estate (SIRE) platform backed by Cerberus Capital Management. Financial details were undisclosed.
In July 2019, Arrow Capital Partners teamed up with private equity investor Cerberus to launch the SIRE joint venture to invest in European industrial and urban logistics real estate assets.
Martien van Deursen, the head of Benelux at Arrow Capital, said the latest investment brings the number of SIRE assets in the Netherlands to 46 and “continues our investment in light industrial and logistics assets which are benefiting from scarcity of supply and growing demand”.
“We are accelerating our deployment of capital in the Benelux as a whole, with a pipeline of opportunities in place,” he said.
In the Netherlands alone, the portfolio and pipeline now comprise more than €300m in assets and, over the next three years, the manager intends to invest a further €300m in the Benelux region, including in assets with income, vacancy or refurbishment potential, Van Deursen said.
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