Barings acquires six logistics assets in Italy

International investment management firm Barings has acquired a portfolio of six logistics assets in Veneto region in the Verona province in northeastern Italy, on behalf of an institutional investor in Italy, the firm said Monday.

The portfolio comprises 95,000 square meters (102,2571 square feet) and also includes the forward-purchase of two pre-let developments in the same region.

Verona is a prime logistics hub situated at the intersection between the east-west and north-south of Europe’s core network corridor, providing access to important road links, including the A4 and A22 motorway.

The price of the transaction was not disclosed.

“This transaction presents a rare opportunity to acquire a high quality logistics portfolio, producing sustainable, index linked income in a market with strong fundamentals, partnering with third party logistics operators in northern Italy,” said Valeria Falcone, managing director and real estate country head of Ita