Barings Forward Funds 90,000 square metres Logistics Assets in First Italian Deal for Pan-European Logistics Joint Venture
Barings, one of the world’s largest diversified real estate investment managers, has agreed the forward purchase of a 90,000 square metresGrade A logistics development in Mantua, Italy, in an off-market transaction on behalf of PELV, a pan-European logistics joint venture between a U.S. insurance company and a Middle Eastern sovereign wealth fund targeting core+/value-add assets. The parties agreed not to disclose the purchase price. Work has begun on the sizeable logistics facility in northern Italy, with construction set to progress...