Private real estate company Arrow Capital Partners has acquired two new assets in the Netherlands for its €3 bn Strategic Industrial Real Estate (Sire) platform, one in Utrecht and the other in Almere.
Financial details were not disclosed.
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 m2 and is strategically located in a key Utrecht business estate, De Wetering-Noord, next to the A2 motorway.
This is Sire’s second asset on the estate having bought an adjacent asset last December, and further expands Sire’s Randstad presence in all main G4 cities. The light industrial property is let on a long-term lease to a 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, and provides modern logistics and industrial space. The property is fully let to high quality international corporate tenants, according to Arrow.
Martien van Deursen, head of Benelux at Arrow, said: '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 €200 mln 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 €500 mln in the Benelux region, including land and large assets with income, vacancy or refurbishment potential.'
