Arrow targets Trossingen in Germany for JV with Cerberus

Arrow Capital Partners has acquired a 17,000 sq m warehouse Trossingen, Germany, for its Strategic Industrial Real Estate (SIRE) joint venture with Cerberus.

The asset, which is located on a on a ca. 50,000 sq m site was acquired from a retail sector owner-occupier and is a high-bay warehouse with cross-docking facilities and 60 dock levellers.

The building, which is to be renamed Arrow Point Trossingen, will be vacated in September and available to let by the end of the year following refurbishment. The refurbishment programme will improve the property’s sustainability credentials to make it ready for energy efficiency technologies such as electric vehicle charging and photovoltaic panels.

Arrow said that Trossingen is an ideal distribution hub for the region between Stuttgart and Lake Constance, with good connections to the rest of Germany, Austria and Switzerland.

Danilo Hunker, head of Germany at Arrow Capital Partners, said: “This site has huge potential, located in the well-established Trossingen logistics area where there is a significant lack of supply of logistics warehouses. We see an excellent opportunity to upgrade the space and turn the asset into a high quality, well-equipped and more sustainable logistics warehouse suitable for a broad variety of logistics operators.”

Arrow Capital Partners was advised on this acquisition by BNP Paribas Germany. The letting agent at Arrow Point Trossingen is Realogis.