Arrow Capital Partners has invested £31.5m (€35.6m) to buy three UK logistics assets for its European industrial property investment fund.

The manager said the assets in Warrington, Banbury and Doncaster were acquired for the €3bn Strategic Industrial Real Estate (SIRE) platform.

The Warrington asset comprises a last-mile parcel hub facility let to Hermes Parcelnet until September 2023.

The Banbury asset consists of two mid-box units are let until March 2024. The Doncaster asset comprises an 87,000sqft mid-box unit let on a long-term lease expiring in October 2031.

Rob Howe, head of real estate, Europe at Arrow Capital Partners, said: “These acquisitions reflect SIRE’s conviction in the urban logistics/distribution sector, which is benefiting from strong demand arising from the rapid growth of e-commerce penetration.

“We are looking to accelerate our deployment of capital in the UK, having concluded £300m of UK acquisitions in

the second half of 2020 alone, and expect to make further announcements shortly as we continue to expand the SIRE portfolio.”

To read the digital edition of the latest IPE Real Assets magazine click here.

Topics