Barings and Grupo Salas formed a joint venture.

Barings, a global investment management firm, and Grupo Salas, a Spanish real estate group, formed a joint venture. Financial terms were not disclosed. “The demand for high quality, modern, energy efficient new homes in Spain’s two major metropolitan areas is enormous. Forming joint ventures with experienced and well-respected developers in the living and logistics sectors is one of our preferred ways of working, and so it is a pleasure to have formed this relationship with Salas given its rich heritage and experience in the residential sector. As we continue to expand our living portfolio in Spain, we ’re looking forward to building on this new partnership,” José Carlos Torres, Barings Real Estate Managing Director.