spot_img
Sunday, February 5, 2023
spot_img

Ashurst advises Arrow Capital on €23m logistic RE acquisition

Ashurst has assisted Arrow Capital with the purchase of a €23 million logistics facility in Yunquera de Henares (Guadalajara)

-

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. This way, Arrow keeps growing its €250 million SIRE portfolio in Spain.

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: “In Spain, we’re looking to invest over €200 million in logistics over the next 3 years by acquiring similar income-producing assets as well as focusing on acquiring land or assets with development potential.”

“So excited to finally announce the newest addition to our Spanish SIRE portfolio. Enormous thank you to all involved parties – excellent job Pablo Carvajal Márquez, Ismael Fernández Antón, Conchita Sáinz Sodupe, Laura Sánchez García, María Polín Gómez, Carlos Delgado Garijo, and many others that participated in this deal!”

Ashurst advised Arrow Capital with a Real Estate team led by partner Ismael Fernández Antón, along with counsel Conchita Sáinz Sodupe and associates Laura Sánchez García, Carmen García and Alba Aparicio.

- Advertisement -spot_img
- Advertisement -spot_img

MOST READ NEWS

Montero Aramburu Madrid Tax head partner Isidro del Saz passes away

Isidro was the partner in charge of the Tax practice of the Madrid office of Montero Aramburu Abogados since June 2018, when he joined...

Alibérico adds Legal director from OSSA

María joins Alibérico from OSSA, where she joined in 2017, and she has been the legal director and secretary of the Board of Directors. She...

Andersen helps Martinsa-Fadesa secure victory in €15.4m dispute

The Madrid Contentious-Administrative Court N.8 has ruled that Martinsa-Fadesa will not have to pay €15,448,656 to the Aranjuez Town City Hall for the maintenance...
spot_img
spot_img
spot_img
spot_img
- Advertisement -spot_img
- Advertisement -spot_img
error: