Barings has sold four logistics assets in an off-market deal to joint venture partners Copley Point Capital and Sixth Street for an undisclosed price.
The assets are located in established UK distribution locations and are fully let to occupiers on long leases.
The portfolio comprises: two units located in Avonmouth, Bristol, totalling circa 329,000 sq ft; a 238,543 sq ft warehouse in Daventry; a 128,543 sq ft warehouse located in Warrington; and a 113,168 sq ft unit on Sherwood Business Park in Nottingham.
Darren Hutchinson, managing director and head of UK transactions at Barings Real Estate, said: “This opportunistic sale is a good example of a strong sale discipline, realising a healthy profit in a relatively short hold period, having successfully increased income by 20%. This transaction is a catalyst to enable us to implement our strategy to deepen and further diversify our industrial/logistics exposure by targeting more multi-let assets.”
Gunther Deutsch, managing director and head of European transactions and country head Germany at Barings Real Estate, added: “This transaction highlights our ability to execute disposals in line with our asset management strategies and to realise value on behalf of our investors. Including this transaction, we have already concluded a sales volume of €380m in logistics in 2025.
“With nearly €2bn of capital to deploy in 2025, we are actively looking to reinvest into logistics, living and selective office assets, preferably with value add or core + characteristic across our core geographies, including the UK, Germany, France, the Netherlands, the Nordics, Spain and Italy.”
Barings was advised by ACRE Capital Partners and Cushman & Wakefield acted for Copley Point Capital and Sixth Street.
