Arrow Capital Partners, the specialist investor, developer and manager of real estate in Europe and Asia-Pacific, has acquired a 24,581 m2 commercial and industrial site in Ludwigsfelde, southwest of Berlin.
The company plans to develop the asset into a modern industrial park with a gross development value of around €20mln.
This deal together with the recent acquisition of a brownfield site in the industrial harbour of Bremen highlight an expansion of the group’s broader European urban logistics development portfolio, which now includes around €150mln of projects in Germany and €1bn across the rest of Europe in the UK, Netherlands, Poland, Germany, Spain and Italy.
Danilo Hunker, Head of Germany, said: ‘We’re on the lookout for more sites, as well as land with the potential to develop across the entire industrial and logistics spectrum, including sites like Falkensee Park, which we are developing in joint venture with a large international logistics development partner and is due to be finished in Q3 this year.’
Arrow was advised by CBRE.
