Daibiru completed the acquisition of Capital House from Barings for £169m.

Daibiru, a Japan-based real estate company specializing in the ownership, development, and management of office buildings and commercial properties, completed the acquisition of Capital House, an office in London, from Barings Real Estate is a part of Barings and offers a broad range of global investment opportunities across the private debt and equity investment markets, for £169m. “The extensive repositioning of Capital House, including comprehensive office floor and common part refurbishments and subsequent lettings has resulted in a high quality asset worthy of its excellent location, with a world-renowned set of businesses calling it their working home. We’re pleased to have concluded this deal with Daibiru Corporation, ahead of our business plan following its off-market approach, which has served to reinforce our conviction in prime offices in central business districts that benefit from first-class transport links. We are now looking to redeploy the proceeds to create further high-quality assets,” Darren Hutchinson, Barings Real Estate Managing Director and Head of UK Transactions.