Arrow Capital Partners has acquired an 8,310m² urban logistics asset in Seevetal, south of Hamburg. Located on the strategically important Maschener Kreuz motorway junction between the A7, A39 and A1 highways, the asset is currently fully leased to a German furniture wholesaler. The property is split between two buildings that include 26 loading docks and four ground floor entry points.
Commenting on the acquisition, Danilo Hunker, Head of Germany at Arrow Capital Partners, said: “In Germany, we’re increasing our exposure to urban logistics assets that provide occupiers with direct access to large cities that are currently underserved by suitable existing stock. Facilities like this one in the area around Seevetal are already commanding attractive rental yields due to heightened demand from small to medium-sized businesses, attracted by the location’s proximity to the Greater Hamburg metropolitan area and proximity to national transport networks.”
Arrow has expanded its investment strategy from core, core plus and value add transactions to include higher return opportunistic development projects in order to take advantage of the unprecedented demand for logistics space across the continent. This transaction follows Arrow’s recent acquisition of a 24,581m² development site in Ludwigsfelde on the outskirts of Berlin.