Arrow Capital Partners, the specialist investor, developer and manager of real estate in Europe and Asia-Pacific, has acquired an 8,310 m2 urban logistics asset in Seevetal, south of Hamburg.
The asset, which is currently fully leased to a German furniture wholesaler, is split between two buildings that include 26 loading docks and four ground floor entry points.
Danilo Hunker, head of Germany at Arrow Capital Partners, said: 'In Germany, we’re increasing our exposure to urban logistics assets that provide occupiers with direct access to large cities that are currently underserved by suitable existing stock.
'Facilities like this one in the area around Seevetal are already commanding attractive rental yields due to heightened demand from small to medium sized businesses, attracted by the location’s proximity to the Greater Hamburg metropolitan area and proximity to national transport networks.'
Arrow has recently expanded its investment strategy from core, core plus and value add transactions to include higher return opportunistic development projects in order to take advantage of demand for logistics space across the continent.
This transaction follows Arrow’s recent acquisition of a 24,581 m2 development site in Ludwigsfelde on the outskirts of Berlin.
Arrow was advised by Hafenmakler Zelle on the transaction.
