Global asset management firm Barings Real Estate Advisers has appointed Carlos de Oya as director for asset management in Spain.
Barings first invested in the Spanish market with the acquisition of a prime retail asset in Madrid in July 2016, following the opening of the Madrid office in late 2015.
'At a time when the Spanish economy is making a strong cyclical recovery, expanding faster than the rest of the Eurozone, we are looking to take advantage of less obvious opportunities within the market,' commented Adolfo Favieres, Baring's country head of Spain. 'De Oya has a proven track record spanning two decades in Spanish real estate, so we are excited to start working with him as we continue to grow our operations and strengthen our team in Madrid.'
De Oya, who brings more than 25 years’ professional experience, joins Barings from Redevco. He has also held retail-centric real estate roles at Knight Frank and Cushman & Wakefield.
At Barings, De Oya will be responsible for the development and delivery of Barings’ asset management projects in Iberia in order to derive further value, as well as working to identify new and compelling investment opportunities. He will report directly to Favieres.
'As we further build out our European platform we see Spain as an important country in the Barings portfolio. Carlos will help to strengthen our existing Spanish assets and identify additional growth potential within the region advancing Barings position as a key market player within Spain,' concluded Charles Weeks, head of Real Estate Europe.
