Barings has completed the acquisition of a prime logistics scheme spanning 39,000 square meters (419,800 square feet) in Helsinki, Finland, on behalf of its pan-European logistics joint venture (PELV), from an international asset manager.
Representing the first investment by Barings on behalf of PELV in the Nordics, the asset is made up of two warehouses constructed in 2009 and is fully leased to three tenants. Building A contains 33,800 square meters (363,820 square feet) while Building B offers 5,000 square meters (53,820 square feet). Barings will develop the scheme’s sustainability credentials by improving the asset’s BREAAM In-Use certification, as well as EPC ratings for both buildings.
The scheme is within five minutes of Helsinki Airport, considered the best logistics location in Finland, 20 minutes from Vuosaari Harbour and 30 minutes from the central business district of Helsinki. Sitting close to Ring Road III, the location is well connected to the vast