Arrow Capital Partners has acquired a 296,500 sq ft warehouse in South Elmsall, West Yorkshire, from Columbia Threadneedle Investments for more than £17m for its Strategic Industrial Real Estate (SIRE) joint venture with Cerberus.
The purpose-built, cross-docked regional distribution centre, which sits on an 18-acre site close to junction 38 of the A1(M), is let to health and beauty retailer Superdrug.
Robert Howe, head of real estate, Europe, at Arrow Capital Partners, said: “This transaction reflects our ongoing commitment to acquire mission-critical assets offering strong reversionary potential for our SIRE joint venture. Our focus remains on identifying and acquiring standing investment and development opportunities that offer strong potential for value creation and sustainable returns for our investors.”
Daniel Walker, from GV&Co, which advised Columbia Threadneedle on the deal, added: “This is a high quality, mission-critical asset located close to the A1M, as well as offering easy access to the M62 and M1, making it an integral part of Superdrug’s distribution network. We are delighted to have secured the off-market sale to Arrow and complete the final part of our client’s asset management strategy for the property.”
Arrow Capital Partners was advised by M1 Agency.
