Arrow Capital Partners has acquired a logistics facility near Wolverhampton for its strategic industrial real estate (SIRE) joint venture with Cerberus Capital Management for an undisclosed price.
The Willenhall 300 facility, which provides 304,000 sq ft of logistics space across two units, was acquired in an off-market transaction from Nationworld and is fully let to BJS Distribution Storage and Couriers.
The facility is located close to Junction 10 of the M6, three miles from Wolverhampton and 15 miles from Birmingham.
Cormac Dunne, head of real estate, Europe, at Arrow Capital Partners, said: “This acquisition represents the kind of high conviction logistics investment we are targeting: a modern, well-specified asset in a supply-constrained area with exceptional connectivity. The West Midlands market demonstrates strong occupational fundamentals, underpinned by its central location within the UK’s distribution network and access to a deep labour pool. Securing this asset off-market and fully let to an established operator aligns with our strategy of delivering durable, income-driven returns”.
Arrow was advised by JM+CO and Bulleys Chartered Surveyors on the deal and Nationworld was advised by Goldstein Leigh.
