Barings buys £145m logistics assets in the UK from Blackstone - InforCapital

Barings has completed a £145.2 million purchase of the Access portfolio—four multi-let urban logistics estates across South East England—on behalf of its core European real-estate strategy.

The portfolio consists of 28 units totalling 746,795 sq ft and is more than 90 percent occupied. The assets include Tyson Park in Basingstoke, The Sterling Centre in Bracknell, Centrapark in Welwyn Garden City and Stratus Business Park in Milton Keynes, all within an hour’s drive of London.

DTRE advised Barings, while JLL represented Blackstone.

Henry Marlow, Director of UK Transactions at Barings Real Estate, said the deal delivers “four individually liquid assets with strong reversionary prospects. Limited land and rising build costs in the region should underpin sustained rental growth and an attractive income return.”

Gunther Deutsch, Managing Director and Head of European Transactions, added that the purchase is Barings’ first portfolio deal of 2025 and “the prelude to further logistics, residential and office investments in the UK and key European markets.”

Barings aims to source additional small- and mid-sized logistics portfolios, as well as single-asset opportunities, across the UK, France, Germany, Spain, Italy, the Netherlands and the Nordics. The firm’s strategies span the core, core-plus and value-add spectrum, including joint ventures with developers for higher-return projects.