09 March 2017
London
Reporter: Theo Andrew

Barings Real Estate achieve $15.3 billion of transactions in 2016


Barings Real Estate (RE) Advisors achieved $15.3 billion worth of transactions in 2016, and expect 2017 to be equally as active.

The transactions comprise of $4.3 billion in real estate debt in core mortgages and high-yield structured investments and $4.4 billion in global Real Estate Investment Trust (REIT) securities investment transactions.

Equity acquisitions and financing made up $2.3 billion in transactions, while executing and advising amounted to $2.1 billion. Finally, commercial mortgage-backed securities and REIT bonds amounted to $1.4 billion and residential pools transactions totalled $800 million.

Transactions in Europe reached $1.1 billion in 2016 and European assets under management hit $4.4 billion.

In 2016 Barings saw the integration of Cornerstone Real Estate Advisors, Babson Capital Management, Barings AM and Wood Creek Capital Management, which combined brought its assets under management to over $271 billion.

This year Barings RE Advisors deals in Europe already include the €250 million sale of its 50 percent share in the Kamppi Centre in Helsinki and the acquisition of Landmark Manchester for €115 million.

Charles Weeks, head of real estate in Europe at Barings RE Advisors, said: “2016 saw the further strengthening of our European platform with a number of key hires made during the year. Following the successful merger and re-branding of our business we now operate from a larger and more extensive platform, offering a broader set of investment solutions to our clients.”

He added: “As ever, our focus in 2017 will be to continue to originate promising deals, apply our best-in-class asset management skills and, in turn, deliver solid returns for our clients.”

Scott Brown, Barings RE Advisors global head of real estate, said: “We continue to grow Barings’ real estate business by identifying economic, demographic and social trends and developing and executing on innovative investment strategies that provide investors with strong risk-adjusted returns that are accretive to their portfolios globally.”

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