Barings completed the acquisition of urban logistics portfolio of Blackstone for $145.2m.

Barings, an asset management firm, completed the acquisition of urban logistics portfolio of Blackstone, an investment management and advisory company, for $145.2m. “This transaction offered the opportunity to acquire a high quality portfolio made up of four individually highly liquid assets that offer significant reversionary potential. Given the supply-demand dynamics in the south east of England, particularly among mid-box and multi-let industrial estates, where development remains constrained due to land and build costs, the Access portfolio should yield a healthy income return and good rental growth. Logistics remains one of our preferred markets in the UK, alongside living assets, whether that’s for core-plus or value-add investments,” Henry Marlow, Barings Real Estate Director, UK Transactions.