Arrow Global has bought UK and Ireland-focused real estate asset manager Eagle Street Partners.
Arrow said the acquisition would support its plans to expand its business in European real estate. The pair have been involved in a strategic alliance since Eagle Street’s formation in 2020.
Eagle Street’s portfolio has a total GDV of €1.1bn (£970m).
Shane Scully, co-founder and chief executive of Eagle Street, said: “Since founding Eagle Street, we have focused on commercial property, residential, hospitality and life sciences which can be acquired or created to deliver attractive returns. In Arrow Global, we have found a partnership that will accelerate our strategy allowing us to acquire, develop, refurbish and manage attractive real estate assets across our target markets.”
Marc Fuhrmann, principal, real estate, at Arrow Global, added: “We are confident that deepening our strategic relationship with the Eagle Street will provide Arrow with incremental proprietary deal flow and strong local execution capabilities in the UK and Ireland.
“We expect Eagle Street to continue to identify attractive investment opportunities driven by the current dislocation in property markets and the systemic undersupply of housing stock, energy transition and the increasing role of private capital in real estate development.”
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