Arrow Capital Partners has completed the lease of its Almussafes II logistics asset, located in Valencia, to industrial packaging specialist Tecnicarton. The property, acquired through the Strategic Industrial Real Estate (SIRE) joint venture with Cerberus, has 5,823 sqm of logistics space on a 7,839 sqm site.
The asset is located in the Juan Carlos I Industrial Estate, at Calle Canal de Crespo 8, Almussafes, within the logistics market in the south of Valencia, characterised by a low availability of space. Its location close to the A-7 and AP-7 motorways facilitates the connection with the main national transport routes. In addition, it is located 20 km from the centre of Valencia and 25 km from Valencia Airport, which reinforces its international connectivity.
Malgorzata de la Torre, Head of Spain at Arrow Capital Partners, highlights the demand for logistics space in the area: ‘The full letting of Almussafes II is testament to the asset's fantastic location in the logistics hub of Valencia, a market that is experiencing strong occupier demand and extremely low availability rates'. In relation to the recent episodes of flooding in the region, the board reiterated the company's commitment to the environment and its support for the affected communities. ‘We would like to reiterate our solidarity with the affected residents, businesses and communities,’ he said.
Looking ahead to 2025, Arrow Capital Partners plans to continue to drive asset management in Spain and expand its portfolio with strategic acquisitions in markets such as Valencia. ‘We are excited to move forward with a number of initiatives in our properties and continue to expand our portfolio through acquisitions in our priority submarkets,’ says De la Torre.
The lease has been managed by Arrow's team in Spain, in line with the company's strategy to strengthen its presence in the logistics sector.
Arrow Capital Partners, with a team of 60 professionals in 12 countries, specialises in equity and debt investments as well as real estate asset management in Europe and Asia-Pacific. Its model combines investment with partners in the US, Asia and Europe to operate in strategic markets globally.
