Barings Acquires Newly Completed Industrial Units in Bicester for £12.8 Million
Jan 24, 2019
LONDON, (24 January, 2019) – Barings Real Estate, part of Barings LLC, one of the world’s largest diversified real estate investment managers, announces that it has acquired five light industrial units within Network @ Link 9, a newly completed industrial estate in Bicester, Oxfordshire, for £12.8 million, on behalf of an institutional investor.
Network @ Link 9 was completed to a high standard in September 2018 by Albion Land and is positioned in an area that has become a focus of residential and commercial growth due to the strong road and rail connections from Bicester to London, Birmingham and Oxford.
The five properties provide 101,500 sq ft of new Grade A light industrial accommodation with floorplates ranging from 14,158 to 30,050 sq ft in size. The units, which can be combined to accommodate tenant requirements, offer office space with raised flooring and comfort cooling, as well as ample parking. With limited existing quality stock in Bicester and surrounding areas, combined with a diverse and strong occupier market, it is anticipated that demand for the units will be strong.
Darren Hutchinson, Barings Managing Director and Head of U.K. Real Estate Transactions, said: “Network @ Link 9 is a high quality estate in a growing and undersupplied market. With its strong transport links and proximity to the M40, demand for industrial space in Bicester is at an all-time high. Given our extensive capabilities in the industrial sector and early interest from several prospective tenants, we are confident in our ability to lease-up the property.”
Barings Alternative Investments (BAI), part of Barings LLC, is a 470+ associate team located across 11 countries that manages $48.5 billion* in client capital. BAI seeks differentiated sources of returns by incorporating decades of investment experience in alternative assets offering investors access to a diverse range of opportunities across private equity, real assets, asset-based investments and the four quadrants of real estate. We serve as a trusted partner to clients, leveraging our global presence and robust origination capabilities to identify the most attractive risk-adjusted return opportunities. As a leading global real estate investor and asset manager, the Barings Real Estate team offers a broad range of investment opportunities across the public and private debt and equity markets, investing across property sectors with a focus on global relative value and trend-backed preferred strategies.
Barings is a $303+ billion* global financial services firm dedicated to meeting the evolving investment and capital needs of our clients and customers. Through active asset management and direct origination, we provide innovative solutions and access to differentiated opportunities across public and private capital markets. A subsidiary of MassMutual, Barings maintains a strong global presence with business and investment professionals located across North America, Europe and Asia Pacific.
*As of December 31, 2018
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