The asset was developed through a joint venture between a specialised logistics developer and a US insurance company and a Middle Eastern sovereign wealth fund on the equity side. The full leasing agreement, achieved shortly after site completion, represents a key asset management milestone and underscores continued tenant demand for high-quality logistics space in core European markets, despite a challenging macroeconomic condition.

The development comprises approximately 71,800 sqm of modern logistics space in a central German location, offering efficient access to the country’s main logistics corridors and consumer markets. The site was acquired in 2023, with construction completed at the end of 2025. Maersk has signed a long-term lease.

Designed to meet high sustainability standards, the asset has achieved DGNB Gold certification and incorporates a green building concept, including photovoltaic systems. The development reflects Barings’ focus on delivering future-proofed assets aligned with evolving occupier requirements and investor ESG objectives.

The successful leasing of the Herleshausen development highlights Barings’ ability to execute logistics strategies and deliver institutional-grade assets across the sector, even amid ongoing capital market volatility.

Sébastian Cavé, Managing Director, Real Estate and Country Head Germany at Barings, said:

“Leasing the scheme in full so soon after completion is a strong outcome and demonstrates the depth of demand for well located, high quality logistics space. It also reflects the strength of our asset management capabilities in Germany and our ability to attract high quality tenants in a challenging market environment.”

Rob Fairfax, Director and Portfolio Manager, European Real Estate at Barings, said:

“This successful lease highlights Barings’ continued confidence in the German logistics market, a conviction we expect to carry forward for some time. The principle of partnering with specialised developers for logistics, last mile and living across Europe has proven positive in many successful transactions across Europe. We remain focused on identifying comparable opportunities across our core, core-plus and value-add strategies throughout Germany and our other target European markets of Iberia, France, Italy, the Netherlands, the Nordics and the UK.”

For Barings
Ben Monteith/Charlotte Coulson (SEC Newgate)
baringsRE@secnewgate.co.uk

Barings Real Estate
Barings Real Estate (BRE) is a part of Barings and offers a broad range of global investment opportunities across the private debt and equity investment markets. BRE invests in all major property sectors and offers an expansive range of financing solutions to real estate borrowers.  Follow us on LinkedIn at linkedin.com/showcase/barings-alternative-investments.

About Barings
Barings is a $481 billion* global alternative asset manager that partners with institutional, insurance, and wealth clients, and supports leading businesses with flexible financing solutions. The firm, which is owned by insurance companies MassMutual and MS&AD, seeks to deliver excess returns by leveraging its global scale and capabilities across credit, real assets, capital solutions and emerging markets.

*As of March 31, 2026

26-5482992