A London real estate investor has announced the acquisition of two new Netherlands assets as part of a €3bn project.
Arrow Capital Partners has made the acquisitions for its Strategic Industrial Real Estate (SIRE) platform, with one asset in Rotterdam and the other in Utrecht.
The Rotterdam asset is being sold and leased back by ElektroCirkel Group, providing industrial and logistics space of 10,000 sqm in Business Park Rotterdam Noord-West.
The Utrecht asset provides industrial and logistics space of 7,318 sqm and is strategically on De Wetering-Noord next to the A2 motorway.
Martien van Deursen, head of Benelux at Arrow, commented: “The acquisitions of these two high quality properties continue SIRE’s investment in light industrial and logistics assets which are benefiting from the lack of available suitable space and the rapid growth of occupier demand.
“We are accelerating our deployment of capital in the Benelux and in Europe as a whole, with a pipeline of opportunities already in place.
“Our portfolio and pipeline in the Netherlands now comprise more than €150m in assets including developments, while more acquisitions will be announced as we build the portfolio and platform.
“Over the next three years, we intend to invest over €500m in the Benelux, including in large assets with income, vacancy or refurbishment potential.”
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