Arrow Capital Partners has acquired the prime urban logistics asset, Airport House, in Warsaw, Poland, for its $3 billion European Strategic Industrial Real Estate (SIRE) platform. A sales price was not disclosed.
“The acquisition of Airport House is SIRE’s first in the Polish market with others to follow. It is an asset that is excellently located next to Chopin Airport, with high-quality tenants and continues our investment in the European urban logistics market,” said Katherine Parker, partner at Arrow Capital Partners.
The asset was sold by M7 Real Estate, the pan-European investor and asset manager, on behalf of PVBRI, a work-out investment vehicle created by M7 and a Polish Bank to stabilize and turnaround a financially challenged portfolio of industrial, office and retail investments.
The 8,610-square-meter (92,680-square-foot) property is fully let. It is situated next to Warsaw Chopin Airport and motorways connecting to major cities such as Lodz,
