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Barings acquires 1.79msf site in central Germany to establish major logistics park
Transactions - MAY 28, 2024

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Barings acquires 1.79msf site in central Germany to establish major logistics park

by Released

Barings, on behalf of its pan-European logistics joint venture (PELV), has acquired a 166,000-square-meter (1.79 million-square-foot) plot of land in Herleshausen, Germany.

The scheme will consist of 72,000 square meters (775,000 square feet) of gross lettable area, of which 63,000 square meters (678,100 square feet) will be prime logistics space, 5,600 square meters (60,300 square feet) will be an additional storage mezzanine area, and 3,000 square meters (32,300 square feet) will be office space. The development will deliver best-in-class sustainability credentials, including photovoltaic panels on the roof, charging stations for electric vehicles and extensive reuse of rainwater. The project is expected to achieve a minimum of DGNB Gold standard. Barings will develop the scheme on a speculative basis in a joint venture with a logistics real estate developer.

“This site represents a tremendous opportunity to create a new, high-quality logistics space in the heart

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