Barings has invested €33.6m to buy a core portfolio of seven pre-let last-mile logistics assets situated in the Netherlands.
Robbert-Jan van Baal, the head of real estate acquisitions for Benelux at Barings, said: “We are very pleased to have acquired these core last mile logistic assets in such strong locations in the Netherlands.
“This portfolio is considered by market participants the first ‘real’ last-mile logistics portfolio on the market in the country and has been built in line with the BREEAM Very Good standard, making them an excellent addition to a pan-European core strategy.
Gunther Deutsch, the head of transactions Europe and managing director at Barings, said: “With last-mile logistics becoming more and more sought after, our on-the-ground expertise has made a clear and positive difference in securing these assets for a core strategy.
“We are very keen to expand our last mile/logistics/industrial portfolio across Europe in our destinations – The Nordics, Germany, UK, Italy, France Benelux and Spain. All risk sectors are of interest from value-add to core including forward transactions and joint venture’s with developers.”
To read the latest edition of the latest IPE Real Assets magazine click here.