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Monday, April 15, 2024

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)

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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.

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