Arrow Capital Partners has acquired the Ozarow Logistics Centre in Poland from CBRE Investment Management for its Strategic Industrial Real Estate (SIRE) joint venture with Cerberus. Financial details were not disclosed.
Ozarow Logistics Centre is a 12,500 m2 multi-let urban logistics warehouse located on Piastowska 38, Bronisze, 15 km west of Warsaw in Poland. The six-unit asset is currently let to six tenants including Targban , Poczta Kwiatowa, PLOH, Gold Point and Prosto.
Commenting on the acquisition, Robert Howe, head of Real Estate Europe at Arrow Capital Partners, said: ‘In Poland, Arrow is planning to invest around €300 mln over the next three years in well located urban logistics investments, as well as build-to-own development opportunities with local partners.’
He added: ‘We are convinced that the sustained demand in Poland for logistics warehousing that provides access to local populations and infrastructure supports the development case for well-located and specified schemes in key Polish cities.’
Burlington Real Estate acted for Arrow.
