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New Deal


Announced

Completed

Kappahl to acquire logistics property in Gothenburg from Barings for €54m.

Financials

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Transaction Value£46m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Real Estate Holding and Development

Domestic

Majority

Single Bidder

Friendly

Private

Sweden

logistics property

Acquisition

Completed

Synopsis

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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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