Arrow Capital Partners has entered the Nordics with the acquisition of an €80m warehouse portfolio in Denmark.

The European and Asia-Pacific real estate investor has bought the Lacus Portfolio of 10 warehouses on behalf of Strategic Industrial Real Estate (SIRE), the firm’s European industrial property investment fund backed by Cerberus Capital Management.

Arrow Capital said the majority of assets are located in Copenhagen and the “Triangle Area” covering Vejle, Kolding and Fredericia. The 111,537sqm portfolio was acquired with 97% occupancy.

Rob Howe, head of European real estate at Arrow Capital Partners, said: “This acquisition complements the growing SIRE portfolio, adding an important level of geographic diversity along with the ability for us to add significant value through the development process.

“For example, we are already in discussions with one tenant to increase the footprint of their building by around 40%.

Over the next three years, Arrow Capital intends to invest around €400m across the Nordic region, targeting standing assets and land suitable for logistics development, Howe added.

NCAP acted for Arrow and Colliers for the vendor.

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