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Arrow JV makes maiden Nordic acquisition
Transactions - MARCH 25, 2022

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Arrow JV makes maiden Nordic acquisition

by Released

Arrow Capital Partners has acquired a portfolio of 10 warehouse assets in Denmark for €80 million ($88 million), marking its first Nordic acquisition for the (SIRE) Strategic Industrial Real Estate joint venture.

With a gross lettable area of 111,537 square meters (1.2 million square feet), the portfolio was acquired with 97-percent occupancy at a 6-percent yield from a private investor. The majority of assets are located in Denmark’s prime logistics markets of Copenhagen and the Triangle Area covering Vejle, Kolding and Fredericia.

“This acquisition complements the growing SIRE portfolio, adding an important level of geographic diversity along with the ability for us to add significant value through the development process,” said Rob Howe, head of European real estate at Arrow Capital Partners. “For example, we are already in discussions with one tenant to increase the footprint of their building by around 40 percent. Over the next three years, we intend to

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