Arrow Capital Partners has acquired urban, single-let warehouse in Etten-Leur, 50kms south-west of Rotterdam and 50kms from Antwerp for its €3bn Strategic Industrial Real Estate (SIRE) platform backed by Cerberus. The asset concerns a sale and leaseback and is located on the Vosdonk business park and benefits from good access to the N640, connecting Tilburg to Roosendaal via the A58 Motorway. Built in 1988 and extended in 1991, it provides a lettable area of over 11,800m².
Martien van Deursen, Head of Benelux at Arrow, said: “This latest investment brings the number of SIRE assets in the Netherlands to 46 and continues our investment in light industrial and logistics assets which are benefiting from scarcity of supply and growing demand. We are accelerating our deployment of capital in the Benelux as a whole, with a pipeline of opportunities in place. In the Netherlands alone, our portfolio and pipeline now comprise more than €300m in assets and, over the next three years, we intend to invest a further €300m in the Benelux region, including in assets with income, vacancy or refurbishment potential.”