Barings  investe €52,4 mn in logistica in Svezia

Barings, one of the world’s largest diversified real estate investment managers, has agreed several logistics transactions in Sweden, including the forward purchase of a development in Gothenburg for c. €52.4 million on behalf of a core strategy in an off-market transaction. The forward purchase comes as the investment manager agrees two further pre-lets for a combined total of 32,000 sq m in a last year acquired logistics portfolio.  

Forward purchased from NCC, which is one of the leading construction companies in the Nordics and will develop the space on a speculative basis, the asset will comprise a total of 34,000 sq m of high-quality space with a target of a BREEAM Excellent certification. It will aim to offer modern technical specifications, including 29 loading docks, good outside manoeuvring space and excellent floor-to-ceiling heights, and will offer the potential of being divided into up to four units. It is due for completion in 2024.

Gothenburg is considered to be one of the best logistics markets in Sweden as a result of its strategic location and strong infrastructure. It is home to the largest container port in the Nordics and is the main international gateway for foreign trade in Sweden. The asset will be well located in close proximity to both the port and local highways.

Separately, Barings has agreed two pre-lets on behalf of its second value-add real estate fund, BREEVA II, in Sweden. In Gothenberg, Barings has agreed an 11-year lease with Pmflex Group Northern Europe AB, covering a total of 14,255 sq m, in Bäckebol 107:11, Some office space and 5,500 sq m of vacant warehouse space remains available in the asset. At Kamaxeln 3 in Helsingborg, Barings has agreed a ten-year lease with NTEX Inrikes AB for the entirety of the 18,200 sq m available. These latest pre-lets in the c. 128,000 sq m portfolio it acquired in 2021 bring the total area pre-leased to 60%.

Upon completion, the portfolio of Grade A logistics assets will include a number of sustainability features, including solar panels for green energy generation and green concrete. All assets will have a green profile and meet the requirements for a ‘Green Building’ certification.

Source : Company