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New Deal


Announced

Barings to acquire One Patriots Park for $132m.

Financials

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Transaction Value£105m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Real Estate

life sciences realty

United States

Domestic

real estate assets

Majority

Friendly

Single Bidder

Pending

Real Estate Holding and Development

Private

Acquisition

Synopsis

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Barings, one of the world's largest diversified real estate investment managers, agreed to acquire One Patriots Park, a nearly 144k square foot Class A life science asset in the Boston suburb of Bedford, for $132m. "This investment is a fantastic addition to our platform and illustrates Barings' commitment to sourcing diversified opportunities in specialized asset classes. This acquisition represents our core real estate investment strategy and we're excited about future opportunities to generate value through additional conversion to lab and mark-to-market leasing opportunities," Kevin Miller, Barings Head of Real Estate Acquisitions, Eastern US.

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