Barings to acquire Altis Property Partners

Barings has signed a share sale agreement to acquire 100 percent of Altis Property Partners, a real estate firm based in Australia. The parties expect to close the transaction on Sept. 1.

With more than 200 investment professionals across 16 offices in nine countries, Barings has extensive experience and a strong track record of managing real estate investments in the United States and Europe. Barings’ global real estate platform provides a broad spectrum of solutions across real estate debt and equity, managing total assets under management of $48.9 billion.

Upon closing, Barings adds 44 professionals with expertise in real estate equity and A$6.1 billion ($4.3 billion) AUM, primarily focused on value-add strategies that complement Barings’ real estate debt team in Australia. Altis’ executive directors and staff will remain with the firm following the acquisition.

“Asia Pacific makes up approximately a third of Barings’ third-party AUM and is expected