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Barings completes €54m sale of logistics asset in Gothenburg, Sweden
Transactions - APRIL 12, 2024

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Barings completes €54m sale of logistics asset in Gothenburg, Sweden

by Released

Barings has completed the sale of a logistics asset in Gothenburg, Sweden, to clothing retailer Kappahl Group for SEK 600 million (€53.9 million/$56.0 million) on behalf of a pan-European core strategy.

The property at Arendal 13:2 comprises one main building totaling 33,200 square meters (357,400 square feet) of lettable area and offers modern high-quality technical specifications including 29 loading docks. The building is to be certified with BREEAM Excellent accreditation.

Barings agreed to a forward commitment to purchase the asset from developer NCC in March 2022, subsequently closing the deal in January 2024, with a strategy to build to core and secure a lease. Upon entering leasing negotiations, international fashion retailer Kappahl ultimately opted to purchase the asset for use as its central distribution hub.

The asset is situated within a prime microlocation in Gothenburg, one of the most sought-after areas for logistics in the Nordics, outside th

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