Arrow Capital Partners, the investor and operator of real estate in Europe and Asia-Pacific, has acquired a logistics facility in Madrid for €23 million on behalf of its Strategic Industrial Real Estate (SIRE) joint venture. The vendor was a local family office.
Located in Corredor de Henares, the strategically important third logistics ring surrounding Madrid, the 45,085 sqm complex of three warehouses is fully leased to Optimal Care, a local healthcare manufacturing company, which uses the site to distribute goods across Southern Europe. The facility includes quality logistics space with 13-metre height clearance and modern dock loading facilities.
Commenting on the acquisitions, Malgorzata de la Torre, Head of Acquisitions in Spain at Arrow Capital Partners, said: “As Optimal Care’s headquarters and only logistics facility in Spain, this is a high-quality logistics asset that provides attractive income and long-term value-add potential.
“In Spain, we’re looking to invest over €200m in logistics over the next 3 years by acquiring similar income producing assets as well as focussing on acquiring land or assets with development potential.”
A real estate investor and operator, Arrow Capital Partners targets equity and debt opportunities, specialising in cross-border transactions where it can use its platform and balance sheet to invest with US and Asia-Pacific investors into Europe, as well as European and US investors into the Asia-Pacific region.