De Oya joins from REDEVCO, where he was an investment manager. In his new role, he will be responsible for identifying new investment opportunities and delivering asset management projects in the Iberia area.
Barings has had a presence in Spain since it opened its Madrid office in late 2015. It made its first acquisition in the Spanish market in July 2016, with the purchase of a prime retail property in Madrid.
In his new role, de Oya will report to Adolfo Favieres, country head of Spain.
Favieres said: “At a time when the Spanish economy is making a strong cyclical recovery, expanding faster than the rest of the eurozone, we are looking to take advantage of less obvious opportunities within the market.”
“De Oya has a proven track record spanning two decades in Spanish real estate, so we are excited to start working with him as we continue to grow our operations and strengthen our team in Madrid.”
Charles Weeks, head of real estate in Europe at Barings, said: “As we further build out our European platform we see Spain as an important country in the Barings portfolio. Carlos de Oya will help to strengthen our existing Spanish assets and identify additional growth potential within the region, advancing Barings’s position as a key market player within Spain.”