Barings, on behalf of Barings Real Estate European Value-Add Fund II (BREEVA II), has acquired a build-to-rent (BTR) development opportunity in Milan.
Purchased through an Italian real estate fund managed by Savills IM SGR, the off-market transaction represents Barings’ first deal in the Italian residential property market and makes it one of the first major real estate companies to invest in the country’s emerging BTR market.
“This asset is a strong addition to our European alternatives portfolio. We have already invested in the BTR sector in the Nordics and the United Kingdom, now in Italy too, and soon we will expand that sector investment to Germany,” said Gunther Deutsch, a managing director, Germany, and head of European real estate transactions at Barings. “Our plan is to invest close to €1 billion [$1.1 billion] across the different alternatives like build-to-rent/build-to-sell, student housing and co-living. As we face strong pricing in this sector
