Arrow Capital Partners has acquired a logistics facility in Madrid for €23m on behalf of its Strategic Industrial Real Estate (SIRE) joint venture. The vendor was a local family office. Located in Corredor de Henares, the strategically important third logistics ring surrounding Madrid, the 45,085m² complex of three warehouses is fully leased to Optimal Care, a local healthcare manufacturing company, which uses the site to distribute goods across Southern Europe. The facility includes quality logistics space with 13-metre height clearance and modern dock loading facilities.
Commenting on the acquisitions, Malgorzata de la Torre, Head of Acquisitions in Spain at Arrow Capital Partners, said: “As Optimal Care’s headquarters and only logistics facility in Spain, this is a high-quality logistics asset that provides attractive income and long-term value-add potential. In Spain, we’re looking to invest over €200m in logistics over the next 3 years by acquiring similar income-producing assets as well as focussing on acquiring land or assets with development potential.”
