Arrow hires head of Italy as part of €2b pan-European venture

Global investor Arrow Capital Partners has appointed Sam De Girolamo as head of Italy.

The hire follows the launch of strategic industrial real estate (SIRE), a €2 bn pan-European joint venture with a North American private equity investor.

With 15 years of experience, De Girolamo will be responsible for managing Arrow’s investment activities across Italy, based out of the firm's office in Rome. Prior to joining Arrow, he was the CEO and managing partner of a private property investment & development company in Italy.

De Girolamo was also a transactions manager at Valad, where he worked on various mandates across the industrial and office markets, and a financial analyst at Westfields and the Commonwealth Bank in Australia.

Christian Bearman, partner and head of Europe at Arrow Capital Partners, said: 'Having worked closely with Sam in the past, we are looking forward to teaming up with him again as we expand the Arrow Capital Partners platform in Italy.

'He has enviable knowledge and experience of the real estate market in Italy, having worked there for more than 10 years. We will certainly be looking to deploy capital in logistics (SIRE) and offices over the coming months.'

Sam De Girolamo, head of Italy at Arrow Capital Partners, said: 'Italy is Europe’s fourth largest economy and has an important commercial real estate market that is currently attracting the attention of international investors.

'We are currently seeing a lot of interest in light industrial, logistics and office assets in and around urban locations like Milan and Rome.'

Joint venture
The SIRE joint venture will invest in core plus industrial and logistics assets in urban infill locations across Europe, as well as vacant assets with strong lease up potential, Arrow said.

The venture will be led by Katherine Parker, partner at Arrow Capital Partners, and will focus on the markets of Germany, Benelux, UK, Italy and Spain, as well as in the Nordics, France and Central Europe.

Seeking exposure to single and multi-let industrial, distribution warehouses, ‘last touch’ logistics, cross docking, trade counter and storage space, the fund will acquire properties in locations within urban conurbations, ports, railways, airports and accessible to major transport networks.

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