Closing is planned to take place at the end of January, conditional on approval from the Swedish Inspectorate for Strategic Products.
Andreas Norberg, managing director and head of Nordics at Barings Real Estate, said: “Having executed our business plan against these assets, completing this sale marks the latest success for the local team, which has been delivering excellent asset management initiatives on our portfolio as well as having secured this deal off-market.
“With investment appetite for the logistics sector still strong heading into the new year, we are hopeful to continue this momentum and explore further value-add and core/core+ opportunities in the Swedish market. In addition to logistics, build-to-rent and build-to-sell residential are the major sectors we are focussing on across the Nordics.”
Gunther Deutsch, managing director and head of European transactions and country head Germany at Barings Real Estate, said: “Our latest sale in the Nordics, following the disposal of a Gothenburg logistic asset in early 2024, is a testament to our local asset management/development expertise in delivering quality assets that subsequently achieve beneficial returns for our investors.
“In total in 2024, we have signed, or are in exclusivity, on six logistics and seven residential development acquisitions across Europe, some of which are in the Nordics. We continue to seek investment opportunities with partners, including developer joint ventures or forward transactions, across our preferred jurisdictions of the Nordics, the Netherlands, Germany, Italy, France, Spain and the UK.”
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Publish date : 2025-01-10 06:47:00
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