Barings appoints head of project management Europe

[caption id="attachment_889700" align="alignright" width="143"] Stephan Weber[/caption] Barings Real Estate Advisers has appointed Stephan Weber as head of project management Europe, with responsibility for overseeing major European developments. Weber joins from King Abdullah’s Economic City, Saudi Arabia, where he was responsible for the development of strategic problems since 2012. Prior to this Weber spent two years with ICME Munich in Germany and Abu Dhabi, and has also worked for John Buck International, Abu Dhabi and Sony, Berlin, where he was general manager for real estate Europe. One of his key responsibilities will be overseeing the development of Barings’ first speculative development in continental Europe, a 185,000 sq ft office at Budapester Strasse, Berlin. He will also be responsible for the development of a follow-up management strategy for developed assets. Charles Weeks, head of real estate Europe at Barings Real Estate Advisers, said: “The acquisition of Budapester Strasse, a development project in continental Europe, reflects our confidence in the Berlin office market and our extensive platform in Germany. With Stephan’s broad ranging expertise and experience in Europe, Saudi Arabia and the UAE, we look forward to unlocking the potential of transitional as well as development projects across European markets.” Weber added: “This is an exciting time to join Barings, and I look forward to working with the real estate team to help deliver key projects and realise the value in the firm’s development and transitional portfolio.” To send feedback, e-mail Louisa.Clarence-Smith@egi.co.uk or tweet @LouisaClarence or @estatesgazette