Arrow Capital Partners has acquired a strategic logistics asset in Bolton, England, for its €3 billion ($3.55 billion) Pan European Strategic Industrial Real Estate (SIRE) platform.
The 431,00-square-foot property is fully let to Essity, a global health company, and is situated on the M61 industrial corridor providing direct access to the M60 Manchester Ring Road and in turn the M62 to Liverpool.
Katherine Parker, partner, head of investment management Europe, Arrow Capital Partners, said, “This acquisition is part of SIRE’s strategy of investing in industrial and logistics assets with income reversion, vacant assets with strong lease up potential or selective build to own strategies. Our successful focus is on locations across Europe’s major cities and strategic transport hubs that are benefitting from structural trends in urbanization and ecommerce growth.
“We have completed or secured €400 million ($473 million) in assets in our first 10 months, w
