Barings aims for €600mn in acquisitions


The investment management firm Barings concluded transactions worth $12.7bn worldwide in 2018, including €690mn in Germany. In Germany Barings mainly acted as a seller, divesting office properties in Frankfurt, Düsseldorf, Hamburg and Munich for over €570mn. Assets under management nevertheless increased by €362mn to €1.4bn after the acquisition of office and retail properties and new asset management mandates in Frankfurt, Düsseldorf, Hamburg, Munich, Flensburg and Biberach. Christoph Wittkop, Country Head Germany, is satisfied; “Purchase volume remained below what we had planned, however the proceeds from disposals exceeded our expectations.” Barings is planning €600mn in acquisitions in Germany for 2019, with its sights on office and retail properties in the core to value-added segments. There are also mandates for the development of a portfolio of core-plus logistics properties for €150mn, as well as hotel acquisitions.

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