January 25, 2022

Barings Acquires Seven Last Mile Logistics Assets for €33.6 Million in the Netherlands

Barings, one of the world’s largest diversified real estate investment managers, has completed the purchase of a core portfolio of seven last mile logistics assets situated in strong locations across the Netherlands.

The seller is one of the Netherland’s specialised logistic and last mile real estate developers.

The newly built, pre-let assets range between 1,600 and 3,000 sq m in size and have been acquired for a total of €33.6 million. The assets are well located throughout the Netherlands and feature excellent catchment areas, with between 300,000 and 1.1 million consumers within a 30-minute drive.

The assets are leased to Jumbo the second largest supermarket chain in the Netherlands, and a European e-commerce company.

Barings was advised in the forward purchase by Loyens & Loeff (legal and tax), CBRE DS (tech & environmental), and JLL (commercial). Seller was advised by Dentons (legal) and Cushman & Wakefield (commercial).

Robbert-Jan van Baal, Head of Real Estate Acquisitions for Benelux at Barings, said: “We are very pleased to have acquired these core last mile logistic assets in such strong locations in the Netherlands. This portfolio is considered by market participants the first ‘real’ last mile logistics portfolio on the market in the country and has been built in line with the BREEAM Very Good standard, making them an excellent addition to a pan-European Core strategy.

Gunther Deutsch, Head of Transactions Europe and Managing Director at Barings, commented: “With last mile logistics becoming more and more sought after, our on-the-ground expertise has made a clear and positive difference in securing these assets for a core strategy. We are very keen to expand our last mile/logistics/industrial portfolio across Europe in our destinations Nordics, Germany, UK, Italy, France Benelux and Spain. All risk sectors are of interest from value add to core including forward transactions and JV´s with developers.”

Barings Real Estate
Barings Real Estate (BRE) 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 $391+ billion* global investment manager sourcing differentiated opportunities and building long-term portfolios across public and private fixed income, real estate, and specialist equity markets. With investment professionals based in North America, Europe and Asia Pacific, the firm, a subsidiary of MassMutual, aims to serve its clients, communities and employees, and is committed to sustainable practices and responsible investment.

*Assets under management as of December 31, 2021