Arrow Capital Partners has added two new assets in the Netherlands to its €3bn Strategic Industrial Real Estate (SIRE) platform.
The manager said it has acquired an asset in Utrecht and another in Almere in two separate transactions with private investors. Financial details were undisclosed.
The 4,000sqm Utrecht asset is the SIRE fund’s second asset on the estate having bought an adjacent asset last December. The Almere asset is SIRE’s first in the city.
Martien van Deursen, the head of Benelux at Arrow Capital Partners, said the latest acquisitions continues the firm’s investment in light industrial and logistics assets which are benefiting from a lack of available suitable space and occupier-led demand.
”We keep accelerating our deployment of capital in the Benelux, with a pipeline of further opportunities in place. Our portfolio in the Netherlands now comprises nearly €200m in assets, and more acquisitions and new team members will be announced as we build the portfolio and platform.
”Over the next two to three years, we intend to invest over €500m in the Benelux region, including land and large assets with income, vacancy or refurbishment potential.”
To read the digital edition of the latest IPE Real Assets magazine click here.
