Barings purchases UK urban logistics portfolio for €170m

Global real estate manager Barings has purchased a group of four urban logistics properties in the South East of England from Blackstone for £145.2 mln (€170.3 mln). 

Tyson Park

The so-called "Access" portfolio includes 28 units totaling almost 70,000 m2, with over 90% occupancy. 
The properties are located in key areas like Basingstoke (Tyson Park), Bracknell (The Sterling Centre), Welwyn Garden City (Centrapark), and Milton Keynes (Stratus Business Park). 
These South East locations are attractive because they are near London, have strong demand, and limited land for new construction.
Henry Marlow, director, UK Transactions, at Barings Real Estate, said: “This transaction offered the opportunity to acquire a high-quality portfolio made up of four individually highly liquid assets that offer significant reversionary potential. Given the supply-demand dynamics in the South East of England, particularly among mid-box and multi-let industrial estates, where development remains constrained due to land and build costs, the Access portfolio should yield a healthy income return and good rental growth.”
Gunther Deutsch, managing director, head of European Transactions, and country head Germany at Barings Real Estate, added: “This transaction marks our first portfolio acquisition in 2025, which we hope to follow with further smaller and medium-sized national or European logistics portfolios, as well as significant single-asset transactions, preferably in our target markets of the UK, France, Germany, Spain, Italy, the Netherlands, and the Nordics. As a result of our diverse European strategies, we’re in the fortunate position to explore risk profiles in the core, and core+ to value-add spectrum, ranging from standing assets that can benefit from asset management initiatives to improve their performance, right through to joint ventures with developers to seek value-add returns. Besides logistics, residential and office investments are also on top of our target list.”
Barings received advice from DTRE on the acquisition, while JLL represented Blackstone in the sale