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Barings acquires prime logistics development in Nanteuil le Haudouin, France

May 14, 2018

LONDON, 14 May 2018 – Barings Real Estate, part of Barings LLC, one of the world’s largest diversified real estate investment managers, announced that it has agreed to forward purchase, in an off market transaction, the development of c.23,000 sq m grade A logistics warehouse in Nanteuil le Haudouin, France, from Nexity Immobilier d’Entreprise, as part of its pan European core investment strategy, on behalf of an institutional investor.

The development, which will be built to a BREEAM “Very Good” rating, comprises four cells and includes 1,040 sq m of office space. Work have started and the property will be completed in 10 months’ time. Situated in the ZAC du Chemin de Paris, an established industrial park, the warehouse is located in a prime location North East of Paris on one of the main logistics corridor in France. In addition, the asset provides excellent connectivity to the surrounding highway network, as well as the international Roissy CDG airport.

Severine Laffineur, Head of France at Barings Real Estate, said, “Demand for quality logistics units in France continues to be very strong. Given the prime location and the excellent build quality, this should be a very successful development. We will continue to grow our presence in France through acquisitions across the risk spectrum in the logistics, office and retail sectors.”

Barings was advised by BNP Paribas Real Estate (Real Estate) and Oudot & Associés (Notary). Nexity was advised by Etude Trocadéro (Notary).

Barings Alternative Investments (BAI), part of Barings LLC, is a 400+ associate team located across 11 countries that manages $52.6 billion* in client capital. BAI seeks differentiated sources of returns by incorporating decades of investment experience in alternative assets offering investors access to a diverse range of opportunities across private equity, real assets, asset-based investments and the four quadrants of real estate. We serve as a trusted partner to clients, leveraging our global presence and robust origination capabilities to identify the most attractive risk-adjusted return opportunities. The Barings Real Estate team offers a broad range of investment opportunities globally across the public and private debt and equity markets. The team invests across all major property sectors with a focus on global relative value and trend-backed preferred strategies.


About Barings
Barings is a $305+ billion* global financial services firm dedicated to meeting the evolving investment and capital needs of our clients. We build lasting partnerships that leverage our distinctive expertise across traditional and alternative asset classes to deliver innovative solutions and exceptional service. Part of MassMutual, Barings maintains a strong global presence with over 1,800 professionals and offices in 16 countries.

*As at 31 March 2018

Media Contact

 

Kelly Smith
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Rachel White
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Melanie Hunt
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