Barings has promoted Nick Pink to head its European real estate business, replacing Charles Weeks, the head of Europe and Asia Pacific real estate, who has decided to retire.
Pink is currently head of real estate portfolio management in Europe, a role he will hold on to in addition to being chair of the European investment committees at Barings.
He joined Barings in 2005 where his role has encompassed strategy, transactions, and portfolio management in both equity and debt markets. He was previously with CBRE Investment Management.
As part of changes to the European Real Estate team, Baring said James Salmon, the head of Europe real estate asset management, will take on the newly created role of Europe real estate chief operating officer in addition to his current role.
Salmon has more than 30 years of industry experience and has held positions at Protego Real Estate Investors, Aberdeen Property Investors and Capital and Regional.
IPE Real Assets understands that oversight of the APAC real estate business was transferred to Alastair Wright earlier this year. Wright was a founding partner of Altis Property Partners, the Australian real estate private equity business that Barings acquired last year.
A spokesperson for Barings told IPE Real Assets that Wright had taken oversight of the APAC business as head of APAC Real Estate in May 2023 as part of a planned integration of the Altis platform into Barings Real Estate.
David Mihalick, the head of private assets at Barings, said: “Nick is a proven leader who has worked alongside Charles in the build-out of the Barings Real Estate European platform since its inception and I’m certain that he will continue the strong momentum of the platform in the region.
“I would like to thank Charles for his pivotal contributions to the build-out of the platform and wish him all the best for the future.”
Pink said: ”With Barings’ local market knowledge, underpinned by global insights, we are well placed to make the most of a challenging market to seek to deliver outstanding returns on behalf of our investors.”
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