Arrow Capital Partners has acquired a strategic logistics asset in Bolton for its €3bn Pan European Strategic Industrial Real Estate (SIRE) platform. The 431,00ft² property is fully let to Essity, the global health company, and is situated on the M61 industrial corridor providing direct access to the M60 Manchester Ring Road and in turn the M62 to Liverpool. Acquisition is part of SIRE’s strategy of investing in industrial and logistics assets with income reversion, vacant assets with strong lease-up potential or selective build to own strategies. Our successful focus is on locations across Europe’s major cities and strategic transport hubs that are benefitting from structural trends in urbanisation and e-commerce growth. We have completed or secured €400m in assets in our first 10 months, with the UK a core market of focus.
The asset is let to a blue-chip occupier off a low base rent, with significant future development potential. As a superbly located 17-acre site providing access to over 20 million consumers within a 2-hour drive time, the acquisition is an excellent fit to our SIRE strategy given the continued strength of demand arising from the rapid growth of online fulfillment. We are actively seeking both standing investment assets and development opportunities, with further announcements to follow shortly as we continue to grow SIRE’s UK industrial & logistics portfolio.