Arrow makes acquisitions in Utrecht and Almere
Arrow Capital Partners has acquired two new assets in the Netherlands for its EUR3 billion Strategic Industrial Real Estate (SIRE) platform, one in Utrecht and the other in Almere.
The acquisitions were concluded in two separate off market transactions with private investors.
The Utrecht asset provides modern industrial and logistics space of 4,000 sq m and is strategically located in Utrecht’s premier business estate on De Wetering-Noord next to the A2 motorway. This is SIRE’s second asset on the estate having bought an adjacent asset last December. It further expands SIRE’s Randstad presence in all main G4 cities. The light industrial property is let on a long term-lease to a leading renewable energy company.
The Almere asset is SIRE’s first in the city. It is situated on an established business estate creating direct exposure to Amsterdam and Almere, the nation’s fastest growing city. The asset provides modern logistics and industrial space and is fully let to high quality international corporate tenants.
Martien van Deursen, Head of Benelux at Arrow, says: “These acquisitions continue our investment in light industrial and logistics assets which are benefiting from a lack of available suitable space and occupier-led demand.
“We keep accelerating our deployment of capital in the Benelux, with a pipeline of further opportunities in place. Our portfolio in the Netherlands now comprises nearly EUR200 million in assets, and more acquisitions and new team members will be announced as we build the portfolio and platform. Over the next two to three years, we intend to invest over EUR500 million in the Benelux region, including land and large assets with income, vacancy or refurbishment potential.”