Borenius > References > Real Estate & Construction > Borenius advised NRP on the EUR 86 million sale of a logistics facility to Barings
Banking & Finance, Real Estate & Construction / 5 Jul 2021

Borenius advised NRP on the EUR 86 million sale of a logistics facility to Barings

We advised Ness, Risan & Partners on the EUR 86 million sale of a logistics property to Barings. The logistics facility is located in the Helsinki region and comprises approximately 40,000 sqm of GLA and 170,000 sqm of outdoor dispatching and storage space.

The facility benefits from strong transport links to central Helsinki’s busiest cargo port, Vuosaari, and the Helsinki Airport. The site also encompasses over 100,000 sqm of unused building rights and site coverage of around 19%, allowing for potential future developments. The facility is currently fully leased to Onninen, which is a leading Finnish provider of technical wholesale services.

NRP is a leading Norwegian manager and facilitator of direct investments, private real estate funds and mutual real estate funds. NRP is active in the office, retail and industrial real estate spaces and has a predominant focus on the Norwegian, Swedish, Finnish and Danish markets. Since its inception in 2000, NRP has accumulated AUM exceeding NOK 20 billion and completed over 230 real estate transactions.

Barings is a global investment manager that sources differentiated opportunities and builds long-term portfolios across public and private fixed income, real estate, and specialist equity markets. Barings’ expertise spans across all major property sectors, and the firm aims to serve its clients, communities and employees while being committed to sustainable practices and responsible investment.

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