Institutional Investor completed the acquisition of Grade A logistics warehouse in Serravalle Scrivia of Barings.

Institutional Investor completed the acquisition of Grade A logistics warehouse in Serravalle Scrivia of Barings, an asset management firm. Financial terms were not disclosed. “This is the second successful exit for us on behalf of our second European real estate value-add strategy, following the recent sale of San Giorgio Bigarello, and the deal has secured excellent returns to investors significantly ahead of the initial business plan. Logistics remains a preferred asset class for us across the region, and with a healthy occupier market especially in prime, constrained locations, we will continue to look for and invest in similar opportunities in the future,” Marco Corti, Barings Real Estate Managing Director and Country Head Italy.