Barings Real Estate Advisers has appointed Carlos de Oya as director for asset management in Spain, in a move to back the ongoing expansion of its European offering.
De Oya brings more than 25 years’ professional experience and joins Barings from REDEVCO, one of Europe’s largest retail property holding companies, where he was most recently an investment manager since October 2015 and prior to this, a portfolio manager for 11 years. He has also held re-tail-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 manage-ment projects in Iberia in order to derive further value, as well as working to identify new and compel-ling investment opportunities. He will report directly to Adolfo Favieres, country head of Spain.
“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. 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,” Favieres said.
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.