Barings has completed the sale of five Swedish logistics assets to the listed real estate company Swedish Logistic Property AB (SLP) for SEK 1.4 billion ($126 million).
Sold on behalf of a Pan-European Core strategy, four of the assets are in Norrköping and one in Örebro and have a total lettable area of 153,000 square meters (1.7 million square feet). PostNord rents three of the logistics assets, with the other two properties rented by Yokohama and Mitsubishi. Barings acquired the assets on behalf of the strategy in 2020 and 2021 and, among other asset management initiatives across the portfolio, has developed a 31.000-square-meter (333,681-square-foot) logistics asset in Örebro, on the back of a signed pre-lease concerning 76 percent of the premises, achieving BREEAM “in use” Excellent and EPC A.
Norrköping is the fourth largest metropolitan area in Sweden and is home to the Port of Norrköping. The city, which is located close to Stockholm, serves as a cross
