Barings Strengthens European Residential Investment and Asset Management Capabilities With New Senior Hire
Nov 04, 2021
Barings, one of the world’s largest diversified real estate investment managers, announces the appointment of Ben Pile as Head of Residential Investing and Asset Management – Europe. Based in the London office, Ben will be responsible for sourcing residential-led deals for Barings’ seven local European transactions teams, as well as structuring and overseeing potential JVs with developers across Europe and developing models to underwrite new deals and monitor investment due diligence.
Ben joins from Apache Capital Partners in London where he was Investment Director and led its Social Infrastructure investment platform. He was Apache’s first employee in 2010 and was instrumental in the growth of the business, delivering Apache’s PBSA and senior living projects. Latterly he was part of the multifamily and single family housing teams. He also previously worked for ING Real Estate Investment Management in commercial real estate and, prior to that, in investment banking with Dresdner Kleinwort Wasserstein.
The living sector remains a primary focus for Barings across capital sources, with €280 million invested in the sector in the year to date, as well as circa €500m available to invest in both core and value add opportunities in the next 12 months.
James Salmon, Managing Director, Head of Asset Management – Europe at Barings, said: “We are thrilled that Ben will be joining to lead our residential investing and asset management team. With over ten years’ experience across the living sectors, from senior living to student accommodation and build to rent, Ben has delivered best in class projects across all our key sectors. His extensive network and relationships with leading market operators will also fast-track our ability to provide deal flow opportunities, both on and off-market.”
Ben Pile added: “Barings is a highly reputable global firm with strong ambitions to grow its residential portfolio as more investors look to increase their exposure to this sector in the months and years ahead. I look forward to helping to deliver on those ambitions, acquiring and developing great places for people to live and building Barings’ strong track record even further, so we are able to offer the best long-term opportunities to our clients and investors.”
Tali Robinson/Polly Warrack (SEC Newgate)
Barings Real Estate
Barings Real Estate (BRE) offers a broad range of global investment opportunities across the private debt and equity investment markets. BRE invests in all major property sectors and offers an expansive range of financing solutions to real estate borrowers. Follow us on LinkedIn at www.linkedin.com/showcase/barings-alternative-investments.
Barings is a $387+ billion* global investment manager sourcing differentiated opportunities and building long-term portfolios across public and private fixed income, real estate, and specialist equity markets. With investment professionals based in North America, Europe and Asia Pacific, the firm, a subsidiary of MassMutual, aims to serve its clients, communities and employees, and is committed to sustainable practices and responsible investment.
*Assets under management as of September 30, 2021
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