London real estate investor acquires Yorkshire industrial unit as part of £31.5m acquisition lot
A London real estate investor has announced its £31.5m acquisition of three new sites across the UK.
Arrow Capital Partners has invested more than £30m in the acquisition of the sites, with one in Yorkshire and the other two in the Midlands.
The Yorkshire site is in Banbury, and consists of an 87k sq ft mid-box unit let to door and window solutions provider, Senior Architectural Systems, until 2031.
The other sites, in Warrington and Banbury respectively, are a parcel hub facility let to Hermes Parcelnet, and two box units on the M40 motorway.
Rob Howe, head of real estate in Europe at Arrow, commented: “These acquisitions reflect SIRE’s conviction in the urban logistics / distribution sector, which is benefiting from strong demand arising from the rapid growth of e-commerce penetration.
“We are looking to accelerate our deployment of capital in the UK, having concluded £300m of UK acquisitions in H2 2020 alone, and expect to make further announcements shortly as we continue to expand the SIRE portfolio.”
Arrow was advised by CBRE Manchester on Warrington, with B8 Real Estate & Fiducia Property Asset Management acting for the seller.
On Banbury, Knight Frank acted for SIRE, with the seller represented by ADS Real Estate.
On Doncaster, SIRE was represented by DTRE, with CPP acting for the seller.
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