Arrow Capital Partners has been appointed by an affiliate of Cerberus Capital Management to assist in the management of a €750 million ($850 million) portfolio of light industrial and logistics assets in Spain.
“As the Spanish economy continues to recover from the financial crisis, we are seeing some excellent entry opportunities, particularly for us as we are looking to acquire light industrial and logistics assets of over €200 million [$227 million] in the next year or so,” said Howard Barnes, head of Spain at Arrow Capital Partners. “As growth in Spain’s e-commerce sector continues off a low base, a marked supply/demand imbalance has developed in the light industrial and logistics sectors, increasing rents and capital values.”
The industrial portfolio includes more than 1,000 light industrial and logistics assets totaling approximately 5 million square meters (54 million square feet) located close to Spain’s major cities and transport hubs with circa
