Cerberus adds two more logistics assets to its Dutch SIRE portfolio

Arrow Capital Partners has acquired two logistic assets in the Netherlands on behalf of its €3bn Strategic Industrial Real Estate (SIRE) joint venture with Cerberus. The assets were purchased in separate transactions for €20 million ($21 million).

Hoensbroek, a 14,445-square-meter (155,484-square-foot) last mile logistics development, is Arrow’s first development project in the Netherlands, which will be developed by Merle Vastgoed in close consultation with Arrow Capital Partners.

With the development expected to be complete in second quarter 2023, DC De Koumen is pre-let on a long-term lease to Fource, the distributor of car parts, lubricants and tools. The completed warehouse will include 12 loading docks, two level doors and will be constructed to a BREEAM excellent rating.

The second asset located at Damsluisweg 6 in Almere consists of a 10,092-square-meter (tk-square-foot) logistics asset located in an excellent last-mile location serving the Amsterd