Arrow Capital Partners makes additional investment in Spanish logistics

Arrow Capital Partners, the investor and operator of real estate in Europe and Asia Pacific, has made a further investment in a major warehouse in Madrid for its €3 billion ($3.4 billion) Strategic Industrial Real Estate (SIRE) platform backed by Cerberus.

Last year, Arrow acquired 80 percent of a 68,800-square-meter (740,557-square-foot) warehouse located in Daganzo de Arriba, a logistics ring around Madrid. It has now purchased the 20 percent balance. It is fully occupied, and 70 percent is leased to an international food and beverage company.

Arrow now has 14 logistics assets under management in Spain, all fully leased, of more than 260,000 square meters (2.8 million square feet) distributed geographically between Madrid (where 35 percent of the portfolio is located), Cataluña, Zaragoza, Valencia and Malaga. In addition, Arrow has several additional investments already under exclusivity or consideration.

“This is an outstanding, well-located asset, and w