Barings Core Spain SOCIMI

Objective

The Fund’s objective is to provide attractive total returns using proprietary research with an aim to achieve superior asset selection and asset management.

Strategy
  • Stock pickers (bottom up) but research defines strategy/portfolio construction and leads the stock selection process,
  • Active management of each asset to optimize net operating income and do NOT rely on rental cycle growth,
  • Add value through a vertically integrated team of specialists from acquisition, asset management, property management and finance,
  • Disciplined risk management and controls which are prudent and pragmatic.
Who Should Invest

The Fund is designed for investors seeking to benefit from the total return, income and appreciation, generated from a portfolio of core Spanish real estate.

Risks

The Fund is designed for investors seeking to benefit from the total return, income and appreciation, generated from a portfolio of core Spanish real estate.

Investors
General Information Financial Information Relevant Event
Information Document 2016 CCA Report Facility Agreement-Novation  
Internal Code of Conduct (SPA) 2017 Abbreviated Report Corporate Actions - 2021 Dividends Distribution  
Internal Code of Conduct (ENG) 2016 Consolidated Accounts Minutes of the sole shareholder – Election of auditors
  2017 Consolidated Accounts Corporate Actions - 2019 Dividends Distribution
  2018 Consolidated Accounts (ENG) Market Notice
  2019 Consolidated Accounts (ENG) Board of Directors Resolutions 2019
  2019 Consolidated Accounts (ESP) Sole Shareholder Resolutions 2019
  2020 Consolidated Accounts (ENG) New Acquisition - Retail Portfolio
  2020 Consolidated Accounts (ESP) Minutes of the sole shareholder: Capital increase and amendment of by laws
  2021 Consolidated Accounts (ENG) Minutes of the sole shareholder: Capital increase and amendment of by laws
  2021 Consolidated Accounts (ESP) New Acquisition - Logistics Asset
  2022 Consolidated Accounts (ENG) Minutes of the sole shareholder: Capital increase and amendment of by laws
  2022 Consolidated Accounts (ESP) Minutes of the sole shareholder: Election of Auditors
  2023 Consolidated Accounts (ENG) Minutes of the sole shareholder: Approval of the annual accounts 2018
  2023 Consolidated Accounts (ESP) Minutes of the sole shareholder: Approval of the annual accounts 2019
    Minutes of the sole shareholder: Approval of the annual accounts 2020
    Minutes of the sole shareholder: Approval of the annual accounts 2021
    Minutes of the sole shareholder: Approval of the annual accounts 2022
    Corporate Actions - 2022 Dividends Distribution
    Dividend Distribution 2022
    Shareholder Contribution
    Capital Reduction
    Capital Reduction Agreement
    Minutes of the sole shareholder: Resignation of Director 2023
    Minutes of the sole shareholder: Modification of the Governing Body 2023
    Minutes of the sole shareholder: Modification of the Governing Body 2023
    Minutes of the sole shareholder: Appointment of Auditors
    Minutes of the sole shareholder: Modification of the Governing Body
    Asset Divestment July 2024
    Minutes of the decisions of the Sole Shareholder June 2024
Properties

Velázquez, 64 (Madrid)
1,640sqm high street retail unit located in calle Velázquez, acquired in July 2016
Ontígola Logistics (Toledo)
55,650sqm of grade A logistics warehouses in the A-4 corridor, acquired in March 2017
Berceo Shopping Centre (La Rioja)
34,100sqm dominant shopping Centre in Logroño, acquired in December 2016.
Retail Portfolio (Various)
supermarkets portfolio composed of six retail units totaling 22,607sqm across Spain, acquired in December 2019
Algete (Madrid)
48,000sqm of grade A logistics warehouses in Algete, acquired in February 2020.
Majadahonda (Madrid)
10,257sqm of a retail box on Majadahonda, acquired in October 2019.

Contact Details

BARINGS CORE SPAIN SOCIMI, S.A.
Calle Serrano, 41, 4º. Madrid (SPAIN)
Email: info.baringscorespainsocimi@barings.com