Arrow Capital Partners agrees deal to fund logistics project Posted on: July 22nd, 2021 Arrow Capital Partners has agreed to fund the construction of Aviator Park Phase II – which will comprise additional 280,000 sq ft of logistics space – in Ellesmere Port.Phase I was constructed and let to Survitec on a 20-year lease shortly after completion in 2020.[emaillocker id=”71749″]The part of the development is already owned by Arrow, after it was snapped up as part of the £180m UKWP portfolio.The latest part of the site was acquired from Redsun Projects, which has been retained as the development manager.Robert Howe, head of real estate Europe at Arrow, said: “Aviator is an established distribution park, strategically located next to Junction 6 of the M53 motorway and providing excellent access to Liverpool, Manchester and the wider North West market.“This funding strengthens SIRE’s position on the site, and we intend to invest more than £500m in UK urban logistics market over the next three years, targeting urban logistics assets with income, vacancy or refurbishment potential as well as more development opportunities, both on a forward funding and forward commitment basis.”B8 Real Estate acted for Arrow and M1 Agency acted for Redsun.Simon Wood of B8 Real Estate added: “This transaction not only reinforces with confidence in the North West industrial market but also in Ellesmere Port as a location which is witnessing excellent levels of occupational and investment activity.“We look forward to working with Arrow and Redsun on securing occupiers to this impressive scheme.”[/emaillocker]