Arrow Capital Partners has launched its $3 billion SIRE (Strategic Industrial Real Estate) investment business in Ireland. SIRE will invest in core, core plus industrial and logistics assets yielding more than 5% together with value-add opportunities predominately in Dublin, Cork and Galway.
The company said that it has capital to invest over €200 million over the next 24 months in industrial and urban logistics property in Ireland.
Arrow Capital Partners has appointed Cormac Dunne as Country Adviser, Ireland. He will be responsible for managing Arrow’s investment business in Ireland with a focus on building SIRE’s portfolio, working closely with Christian Bearman and Katherine Parker, Partners in the European business.
Cormac Dunne is the founder of Dublin based property and financial advisory firm Pembroke Property, and is the former Head of Real Estate
Ireland for Pepper Asset Servicing where he managed an €8 billion portfolio.
‘We believe there are considerable opportunities for logistics investment in Ireland driven by the move towards e-commerce.’
“We are strong believers in the sector, have capital to deploy and a strong team to manage investments. Ireland will play a key part
in the SIRE success story,” said Katherine Parker, Partner at Arrow.
“As an investor and operator in real estate, we have flexibility around the type of acquisitions we can target. We have a longerterm investment horizon than most funds and a flexible approach to the way we consider our investments. We believe there are considerable opportunities for logistics investment in Ireland driven by the move towards e-commerce,” said Christian Bearman, Partner of Arrow.
“Following the successful launch of SIRE Europe, in which we now have over €300 million worth of assets in just over 12 months, we
are excited to be launching the same strategy in Ireland. We will create value by acquiring and aggregating single assets ranging from €3 million to €100 million where supply/demand dynamics support above average rental growth, and where targeted capex will enhance assets for new and existing tenants,” said Cormac Dunne, Arrow’s Country Adviser, Ireland.