Announced
Completed
Financials
Sources
Tags
Real Estate Holding and Development
Domestic
Majority
Single Bidder
Friendly
Private
Sweden
logistics property
Acquisition
Completed
Synopsis
Kappahl, a fashion chain company, agreed to acquire logistics property in Gothenburg from Barings, a global investment management firm, for €54m. “Having acquired this scheme as a speculative development with the intention of producing a core asset, its sale to Kappahl as owner-occupier has vindicated our decision completely and confirmed our underwriting assumptions," Andreas Norberg, Barings Managing Director and head of Nordics.
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