Arrow Capital Partners has acquired an industrial site in Riegel in Germany, which marks its second acquisition in the South of Germany, having made a number of other such investments in the West and North East of Germany over the last two years. Arrow has acquired the site on Oberwald, Riegel in Baden-Wurttemberg for its €3bn Strategic Industrial Real Estate (SIRE) platform, from a private investor. The 21,320m² site includes a logistics building of 9,200m². It is currently largely let out to Lekkerland, the solutions provider to the convenience sector owned by REWE, the major German grocery chain.
Danilo Hunker, Head of Germany, at Arrow, said: “This latest acquisition strengthens SIRE’s position in the German industrial and logistics sector. It is an investment in an established logistics building in the prosperous South-Western region of Germany alongside the strategic A5 Autobahn. Germany is one of SIRE’s key markets. We intend to invest more than €600m into the German urban logistics market over the next 3 years, targeting urban logistic assets with income, vacancy or refurbishment potential as well as development opportunities, both on forward funding and forward commitment basis."
