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Sign in Sign up for a FREE subscriptionArrow Capital secures €200m of acquisitions for Sire logistics JV
Arrow Capital Partners has completed or secured exclusivity on approximately €200 million ($220 million) of acquisitions in Germany, Spain, the Netherlands, Poland and the United Kingdom since launching its €2 billion ($2.2 billion) SIRE joint venture in July this year.
In Germany, Arrow has acquired a distribution asset in Leipzig. The capital value of the asset was €890 per square meter ($978 per square foot), and the asset has excellent last-mile characteristics and forms part of an important logistics cluster that is close to Leipzig International Airport, which is one of DHL’s global hub airports, as well as a major Porsche manufacturing facility.
In Spain, Arrow has acquired a three-asset portfolio of logistics assets, reflecting a capital value of €372 per square meter ($409 per square foot). Located in Vilamalla (Gerona), Tortosa (Tarragona) and Fuenta de Piedra (Malaga), the properties are fully let to Miquel Alimentació Grupo, the second-largest ca
