Arrow Capital Partners has acquired a major warehouse acquisition in Spain for its €3 billion ($3.7 billion) Strategic Industrial Real Estate (SIRE) platform.
The warehouse of 53,816 square meters (579,270 square feet) is located in the municipality of Daganzo de Arriba, between the Corredor del Henares and the north of Madrid. It is 90 percent occupied by a food and beverage company and was acquired from CBRE Global Investors.
The area around the site is a strategic location for companies due to its easy accessibility to Madrid and to the rest of the peninsula, as it is located between two of the main transport axes, the A-1 and A-2, and is very close to the M-50.
Robert Howe, head of real estate Europe at Arrow, said, “This acquisition continues SIRE’s investment in European industrial and logistics assets which are benefiting from the rapid growth in occupier demand and the need for last-mile delivery capability. It accelerates our deployment of capital
