Arrow Capital Partners, the investor and operator of real estate in Europe and Asia Pacific, has announced the acquisition and development forward funding of the 248,000-square-foot logistics unit known as Corby 248 at Midlands Logistics Park, a joint venture between Mulberry Developments and Frogmore.
This is the fourth of the logistics assets to be sold and developed on the park by Mulberry and Frogmore, with the other three 100 percent let to Bosh (946,000 square feet), Stobart (844,000 square feet) and Europa (525,000 square feet).
Arrow has acquired the site for its €3 billion ($3.6 billion) Strategic Industrial Real Estate (SIRE) platform and has retained the Mulberry team to develop the site into a high-quality logistics unit available for occupancy in April 2021.
Corby 248 is well located close to the A14/M6/M1 Catthorpe interchange. It provides occupiers with a market-leading distribution facility where supply of available space is falling. The prop
