Arrow Capital Partners, the specialist investor, developer and manager of real estate in Europe and Asia-Pacific, has acquired a 17,000 square meters warehouse on a ca. 50,000 square meters site in Trossingen, Germany, for its SIRE (Strategic Industrial Real Estate) joint venture with Cerberus.
The asset, acquired from an owner-occupier in the retail sector, will become vacant in September and be available to let by the end of 2024 following a comprehensive refurbishment. The building currently comprises around 17,000 square meters of lettable warehouse space with a high-bay warehouse up to 15 meters and cross-docking facilities and 60 dock levellers.
The site is strategically located in Trossingen, in direct proximity to the A81 motorway. Its positioning ensures that Arrow Point Trossingen is an ideal distribution hub for the region between Stuttgart and Lake Constance, providing good connectivity with the rest of Germany, Austria and Switzerland.
Arrow Capital Partners will rename the asset Arrow Point Trossingen as part of a broader refurbishment programme that will also improve the property’s sustainability credentials, including work to ensure it is ready for energy efficiency technologies such as electric vehicle charging and photovoltaic panelling.
Source: Press release sent May 10 th