Barings Core Spain SOCIMI
Barings Core Spain Socimi, S.A (“Barings Core Spain”) is an investment vehicle created in 2016 to deploy an ‘Active Core’ investment strategy in Core Real Estate Assets in Spain.
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
2018 Consolidated Accounts (ENG)
2018 Consolidated Accounts (ESP)
2019 Consolidated Accounts (ENG)
2019 Consolidated Accounts (ESP)
Relevant Event
Minutes of the sole shareholder – Election of auditors
Corporate Actions - 2019 Dividends Distribution
Board of Directors Resolutions 2019
Sole Shareholder Resolutions 2019
New Acquisition - Retail Portfolio
Minutes of the sole shareholder: Capital increase and amendment of by laws
Minutes of the sole shareholder: Capital increase and amendment of by laws
New Acquisition - Logistics Asset
Minutes of the sole shareholder: Capital increase and amendment of by laws
Minutes of the sole shareholder: Election of Auditors
Minutes of the sole shareholder: Approval of the annual accounts 2018
Minutes of the sole shareholder: Approval of the annual accounts 2019
Minutes of the sole shareholder: Approval of the annual accounts 2020
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
Eroski Plaza logistics (Zaragoza)
28,900sqm of grade A logistics warehouse including cold storage in a prime location in Zaragoza, acquired in October 2017
Berceo Shopping Centre (La Rioja)
34,100sqm dominant shopping Centre in Logroño, acquired in December 2016.
Retail Portfolio (Various)
supermarkets portfolio composed of ten retail units totaling 38,800sqm across Spain, acquired in December 2019
Algete (Madrid)
48,000sqm of grade A logistics warehouses in Algete, acquired in February 2020.
Contact Details
BARINGS CORE SPAIN SOCIMI, S.A.
Calle Serrano, 41, 4º. Madrid (SPAIN)
Email: info.baringscorespainsocimi@barings.com
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