Arrow makes acquisitions in Nieuw-Vennep in The Netherlands
Arrow Capital Partners, an investor and operator of real estate in Europe and Asia-Pacific, has acquired two new assets in Nieuw-Vennep in the Randstad region in the Netherlands for its EUR3 billion Strategic Industrial Real Estate (SIRE) platform.
Nieuw-Vennep is 30km south-west of Amsterdam Central Station and 13km from Schiphol Airport.
They assets are:
• Pesetaweg 20 which was built in 2004 and provides modern logistics space of 4,218 sqm. It is single let to Nederland Express, a Chinese company providing logistics services between China and the Netherlands. The asset was previously occupied by Kuehne & Nagel.
• Noorderdreef 68-78 which was built in 1983 and has recently been refurbished providing light industrial space of 5,937 sqm. It is fully let to four tenants including a logistics provider and a fashion retailer.
Martien van Deursen, Head of Benelux at Arrow, says: “This brings the number of SIRE assets in the Netherlands to 15 and these most recent acquisitions are of high- quality in-demand properties. They continue our investment in light industrial and logistics assets which are benefiting from a scarcity of supply and growing occupational demand.
“We are actively growing our team and accelerating our deployment of capital in the Benelux as a whole, with a large pipeline of opportunities in place. In the Netherlands alone, our portfolio and pipeline now comprise more than EUR200 million in assets and, over the next three years, we intend to invest a further EUR400 million in the Benelux, including assets with income, vacancy or refurbishment potential, as well as ground up development opportunities.”