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.”

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