Barings said it has acquired Vanda 3, a multi-tenanted property in Akalla, Stockholm. The property includes data centre, printing, warehouse and office premises.
As well as being in an ideal location for last-mile logistics serving Stockholm, the asset is in one of the three main areas in the Swedish capital identified by the municipality to develop data centres, Barings said.
Andreas Norberg, managing director and head of Nordics real estate at Barings, said: “Vanda 3 is well positioned as an income-producing asset, boasting significant potential for both last-mile logistics and as a data centre.
“With excellent transport links, a strong and diverse mix of tenants and uses, and good sustainability credentials, Vanda 3 is a strong addition to our Nordics portfolio as part of our European core strategy.”
Gunther Deutsch, managing director and head of European real estate transactions at Barings, said: “An impressive core-plus asset already, we plan to further improve on Vanda 3’s mix of uses and its ESG credentials.”
Deutsch said Barings is keen to explore joint ventures and individual opportunities in logistics, residential and offices in markets such as the Nordics, the UK, France, Germany, Italy, Spain and the Netherlands.
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