Invesco and Barings make logistics acquisitions in Europe

Fund managers Invesco and Barings have each acquired logistics assets in Germany and Italy respectively.

US-headquartered Barings has bought two prime logistics centres in Milan on behalf of an unnamed institutional investor, whilst Invesco has acquired a large-scale food logistics hub in Bremen, north Germany. The value of the acquisitions has not been disclosed.

For Barings, the deals bring its logistics transactions total to over €600 million. Both properties in Milan are fully-let with long-term leases and are well-connected to the rest of Italy, according to the firm.

The acquisitions are part of Barings’ expansion plans in the logistics sector. Its target countries also include Finland, Sweden, the Netherlands, Germany, UK, France, and Spain.

Invesco’s purchase of Haferwende 5 in Bremen is also fully occupied on a recently long lease by Metro Logistics Germany GmbH.

Tina Kroll, associate director – transactions for Germany, Austria and Netherlands at Invesco, said: “The fact the asset can be used to serve the food sector, due to chilled and frozen storage zones, provides further stability, as food industry has become a major driver of this region and is one of the sectors most insulated from macroeconomic volatility.”

Earlier this week, Aviva Investors also acquired two major logistics hubs in the Netherlands for an undisclosed sum.

©2019 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

The tension between urgency and inaction will continue to influence sustainability discussions in 2024, as reflected in the trends report from S&P Global.
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

CLOUD DATA PLATFORMS

Luxembourg is one of the world’s premiere centres for cross-border distribution of investment funds. Read our special regional coverage, coinciding with the annual ALFI European Asset Management Conference.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST