News Article

Arrow strikes again at Ellesmere Ports Aviator Park

15 July 2021

Having acquired the 125,000 sq ft first phase of the development earlier this year, the investor has agreed to forward fund the 280,000 sq ft second phase, purchasing the site from developer Redsun. 

Redsun Projects lodged plans for the 15-acre second phase of the Ellesmere Port scheme in February, proposing two distribution units measuring 200,000 sq ft and 80,000 sq ft. 

Arrow Capital Partners has agreed to forward fund the project through Strategic Industrial Real Estate or Sire, a €3bn joint venture with Cerberus Capital Management. Redsun has been retained as development manager for the scheme. 

The value of the deal was not disclosed. 

Sire was behind the acquisition of a £180m portfolio from UK Warehouse Properties, a joint venture between American fund manager Ares and Midlands-based property developer Revelan. 

The deal included two buildings totalling 180,000 sq ft at Grove Park in Leicester, 200,000 sq ft let to Rolls Royce at Harrier Park in Hucknall, and Aviator phase one.

The seven-acre phase one of Aviator completed early last year and is let to survival equipment firm Survitec on a 20-year lease. 

Located next to Junction 6 of the M53, Redsun bought the 22-acre Hooton Park from Homes England in 2017 to deliver Aviator.  

Read more at: Place North West