Arrow widens its remit to take advantage of Dutch demand

Arrow Capital Partners has acquired a 10,000 sq m logistics warehouse in Zevenaar in the Netherlands (pictured below) and said in a statement that it now also plans to develop mid-sized logistics facilities.

The company, which invests in and operates real estate in both Europe and Asia, now has a portfolio of  50 assets in the Netherlands and aims to meet the strong occupier demand from the logistics centre by acquiring sites ready to develop, or with potential for redevelopment, “thus avoiding zoning and planning risk”.

Arrow’s expansion into development activity follows rapid growth in 2021, during which the firm acquired 37 assets in the Netherlands. Notable deals included the Dutch-German Axis portfolio, the Skyfall portfolio, and the Voltaweg asset in Echt.

The company said occupancy is almost  100% across its Dutch portfolio having signed leases on 35,318 sq m of space that contribute about €3 million to the annual rent roll.

“With occupancy of our Dutch portfolio at close to 100%, we’re looking to take further advantage of the strong occupier demand by pivoting our activities towards higher-return build-to-own development,” said Martien van Deursen, head of Benelux at Arrow Capital Partners. “As part of this strategy, we’ll be targeting the acquisition of land and assets suitable for development or repositioning into modern mid-sized logistics assets. We’re confident that the Netherlands’ position as a gateway to mainland Europe will underpin demand in this highly diverse and liquid sector for the long-term.”