Arrow Capital Partners has acquired the A4 portfolio of three fully let light industrial assets in Germany. The purchase price was not disclosed.
Located in the North East of Germany along the strategically important A4 highway that runs between the east and the west of the country, the A4 portfolio comprises three assets totalling 12,000 sqm of predominantly light industrial and some office space.
The assets, Ottendorf-Okrilla, Glauchau (Zwickau) and Erfurt, are all single-let properties, two of which are occupied by the same logistics service provider, Emons, and the other by an automotive supplier.
Commenting on the acquisitions, Danilo Hunker, Head of Germany at Arrow Capital Partners, said: “The location of these three assets on one of Europe’s major transport routes was key for our investment strategy. Not only do they provide stable income for the medium term, but they also align with our build to own strategy, providing excellent opportunities for value enhancing
development in the long term.”