Barings buys 58,000-sqm cross-dock logistics facility in Hanover, Germany
MCI•Barings Corporate Investors acquired a 58,000-sqm cross-dock logistics facility in Hanover, Germany, for a core European real estate strategy.
1. Facility acquisition
The facility is leased to an e-commerce parcel distributor and serves as a hub in Northern Germany within a nationwide logistics network. Barings cited embedded rental reversion and ESG upgrade potential; its European logistics portfolio totals 1.5 million sqm across 47 assets. The deal expands its cross-dock strategy following an earlier DHL cross-dock portfolio acquisition.
