Barings purchases logistics portfolio in Sweden for €211m

Barings has agreed to the off-market forward purchase of a portfolio of logistics assets in Sweden from Skanska, a construction and development company, for approximately €211 million ($246 million).

The portfolio comprises six assets due for completion in 2022 and 2023. The first two assets are located in Helsingborg and are currently under construction, representing a total value of approximately €111 million ($129 million), while the remaining four assets represent an additional €100 million ($116 million) and will be located in Stockholm, Gothenburg and Malmö. Set to deliver more than 128,000 square meters (1.4 million square feet) of modern class A logistics space to the market, all six assets will be completed to the highest specification and will include a number of key sustainability features, including solar panels for green energy generation and green concrete. All assets will have a green profile and meet the requirements for a “GreenBuilding” certifica