AMWatch

Asset manager spends hundreds of millions on Postnord properties in Sweden

The Danish/Swedish postal service Postnord is selling logistics properties to British manager Barings, and will now rent the four buildings from them. Advisors are seeing a growing interest in divesting properties and renting them instead.

Photo: Ivan Boll

British asset manager Barings has bought four properties from Postnord in Norrköping, Sweden, for EUR 92 million (DKK 685 million). Postnord, which is a postal service in Denmark and Norway, uses the properties for logistics.

The deal is a "sale and lease back" agreement, meaning Postnord, which is owned by the Danish and Swedish governments, will now rent the properties, which total 122,000 square meters, from Barings.

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