Barings has plans to reposition its German business, aligning its business model with the rest of its real estate operations across Europe, in focusing entirely on investment management by spinning off third-party asset management business into a separate new company.
Barings currently has in excess of €3 billion ($3.5 billion) capacity to invest in multiple pan-European strategies and more than €1 billion ($1.2 billion) targeting Germany.
“We have made significant investments in the German real estate market, and this reflects our success in capital raising for our internal funds,” said Mike Freno, president, Barings. “It was always our intention to grow our investment management business. We have now reached that critical point and are splitting the business, so Barings can focus solely on our investment management clients.”
Covering the German market from three offices — Munich, Berlin and its headquarters in Frankfurt — Barings will continue
