Barings is investing €100 million on behalf of a separate account client to acquire a logistics park in Spain.
The manager said it was acquiring the 123,000 square meters logistics park in Moncada, Valencia in a forward-purchase agreement with Grupo Bertolín.
The project, on 181,500 square meters of land, is to be developed in three phases, starting in the first half of 2025.
Barings, in a separate deal, has sold a 55,600 square meters logistics asset in Ontígola, Spain, to Fidelity International on behalf of a European core real estate strategy.
Source: realassets.ipe.com on the 10th of December