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

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.