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Barings Real Estate Debt closes more than EUR1bn of deals in 2021

Barings, one of the world’s largest diversified real estate investment managers, agreed 14 loans worth more than EUR1.08 billion (USD1.22 billion) across its different debt strategies in Europe and APAC in 2021.

This follows a sustained period of growth for the Europe and APAC real estate debt platform over the last three years, which has nearly doubled its loan commitments to more than EUR3.4 billion AUM (USD3.9 billion) in this time, as well as expanded to 12 countries, welcomed nine new appointments to the team and diversified its range of strategies to include senior, construction and whole loans.
Key deals in 2021 included: a GBP140 million (EUR164 million) eight-year fixed rate senior loan against two London student accommodation properties to the London Student Accommodation Venture, a joint venture between Unite Group and GIC; an increase to a EUR85.6 million first mortgage loan secured against four Grade A logistics assets comprising a total of 116,600 sq m of space within the Los Gavilanes industrial park in Getafe, Madrid; and a new EUR225 million senior secured, floating rate loans secured against income-producing industrial portfolios in Ireland for KKR and Palm Capital.

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