Barings Real Estate Advisers, part of Barings LLC, has appointed Stephan Weber to the role of head of project management Europe, with responsiblity for overseeing major European developments.
Weber brings nearly 30 years of real estate experience to the job, most recently as director of special projects for the King Abdullah Economic City in Saudi Arabia, a mega mixed-use development covering a total area of 173 km². His European experience includes 10 years at Sony where he was general manager for real estate in Europe and based in Berlin, prior to which he was at Henschel and Partner and Bilfinger and Berger.
At Barings, Weber will be responsible for the project management of Barings Real Estate Advisers development projects and asset management initiatives across Europe, including Barings’ first speculative development in continental Europe, a 17,141 m2 Grade A office at Budapester Strasse, Berlin.
'The acquisition of Budapester Strasse, a development project in continental Europe, reflects our confidence in the Berlin office market and our extensive platform in Germany,' commented Charles Weeks, head of real estate Europe at Barings Real Estate Advisers. 'With Stephan’s broad ranging expertise and experience in Europe, Saudi Arabia and the UAE, we look forward to unlocking the potential of transitional as well as development projects across European markets.'
