Announced
Financials
Tags
Friendly
Acquisition
Majority
Real Estate
logistics
Private
Single Bidder
Cross Border
real estate
Real Estate Holding and Development
Pending
Private Equity
Sweden
Synopsis
Barings, an international investment management firm, agreed to acquire logistics portfolio of Skanska, a multinational construction and development company, for $246m. "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 globalization of e-commerce and increasing urbanization. Sweden has in particular been characterised by its low supply of Grade A logistics space," Nick Pink, Barings Head of Europe Real Estate Portfolio Management.
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