Arrow Capital Partners, an investor and operator of real estate in Europe and Asia Pacific, has announced that, following the successful acquisition of Phase I of Aviator Park in Ellesmere Port as part of its acquisition of the £180 million (€211 million/$250 million) UKWP portfolio, it has agreed to fund the construction of Phase II of the development, which comprises an additional 280,000 square feet of high-quality logistics space.
Phase 1 was constructed and leased to Survitec on a 20-year lease shortly after completion in 2020. Arrow is financing the development from its €3 billion ($3.55 billion) Strategic Industrial Real Estate (SIRE) with Cerberus. The site was acquired from Redsun Projects, which has been retained as the development manager.
Robert Howe, head of real estate, Europe, at Arrow, said, “Aviator is an established distribution park, strategically located next to Junction 6 of the M53 motorway and providing excellent access to Liverpool, Manch
