Barings has bought a €211m logistics real estate portfolio in Sweden from Skanska.

The investment manager said the 128,000sqm portfolio comprises six assets due for completion in 2022 and 2023.

The first two assets, worth €111m, are located in Helsingborg and are currently under construction, while the remaining four assets represent an additional valued at €100m and will be located in Stockholm, Gothenburg and Malmö.

The portfolio ”will add significant scale to Barings Nordic region logistics footprint”, the manager said.

Nick Pink, the head of Europe Real Estate Portfolio Management, said: “To have sourced and executed this off-market transaction is a strong endorsement of the depth of our platform in the Nordics, particularly at a time when the logistics market in this region has been experiencing a sustained period of significant growth, driven by the globalisation of e-commerce and increasing urbanisation.

“Sweden has in particular been characterised by its low supply of Grade A logistics space.”

Gunther Deutsch, managing director, head of real estate transactions – Europe and managing director Germany at Barings, said: “Given the planned high specification of portfolio, alongside its compelling range of locations, we look forward to leveraging the growing occupier demand for modern logistics facilities to realise our business plan and generate long-term income.”

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