Barings to acquire logistics portfolio of Skanska for $246m.

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.