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Barings has acquired a 166,000sqm plot in Germany on behalf of its pan-European logistics joint venture PELV.
The real estate fund manager has invested an unspecified amount to acquire the asset in Herleshausen for a 72,000sqm logistics project.
It is the fifth acquisition Barings has completed in the European logistics market in the past couple of months. Barings has also acquired a 78,000sqm site in Balocco, Italy, and a 39,000sqm site in Helsinki, Finland – both on behalf of PELV. It has further acquired a 210,000sqm site in…