Archive for the ‘People on the move’ Category

Investment funds falling over to recruit top executives in Spain

Tuesday, January 28th, 2014

Spain is back on international investor radar screens. Foreign investment funds increasing interest in entering the Spanish property and capital markets is having a positive effect on the executive employment market, giving rise to a wave of executive signings. After several years of monitoring from London or New York, investment companies have decided to form local teams or hire consultants to carry out their plans for Spain.

Some large investment funds have preferred to wait until they had acquired some investments before hiring a team. This was the case with the U.S. fund, Anchorage, which waited until it had acquired real estate assets from EuroHypo (Operation Copernicus) and shares in Codere and La Seda, apart from looking at other transactions such as El Arbol and Supersol supermarket portfolios. After this period they signed up Juan José Nieto as representative for Spain. Nieto is a past chairman of Service Point, a quoted Spanish company, and also of Vía Digital and Antena 3 TV, both previously owned by Telefonica.

Other funds have preferred the figure of senior advisor to take the market pulse before making their first investment. This path was the one adopted ​by U.S. firm, Searchlight, founded by former directors of Apollo. Searchlight has appointed Gonzalo Díaz-Ratobeen as its top Spanish executive. Díaz-Ratobeen is a veteran of Spanish venture capital companies and has passed through Gala and Suala Capital, both Spanish investment managers.

Firms such as Oaktree, Cerberus and Brookfield have all been busy recruiting due to their interest in the Spanish economy and investing in companies such as Panrico, BankiaHabitat and Abertis. These funds have hired veterans from the Ibex 35 in the role of senior advisors, namely Juan Arena (formerly at Bankinter), Juan Hoyos (formerly at McKinsey) and Rafael Miranda (former CEO of Endesa).

For more operational roles, the contracted financial and management executive profile is of a lower age range (35/45). Some recent signings include Fortress (Chema Cava), Varde (Hector Serrat), Goldman Sachs (José Antonio Urquizu), Apollo (Enrique Ibáñez) and HIG (John Barnet), who have turned to professionals from other funds in the same industry (Gladia, Patron, Portobello, BBVA and Riverside) which are now less operational.

This wave of signings is maintaining the momentum initiated by the first investment funds which set up operational structures in Spain in early 2013, such as Blackstone (Iñaki Echave) and KKR (Jesus Olmos). Now, in 2014, other well known international venture capital partners such as BC Partners and Cinven are addressing their physical prescence in Spain. Investor appetite has always been around, but the gap between buyers and sellers pricing aspirations is increasingly narrowing which is why international investors are committing more and more resources to Spain.

For transactions information about the Spanish commercial real estate investment market and Madrid and Barcelona office rental markets contact: i-comparables.com

Luis Arsuaga national director of Jones Lang LaSalle Hotels for Iberia

Thursday, September 22nd, 2011

Jones Lang LaSalle Hotels division strengthens its team in Spain with the promotion of Luis Arsuaga to the position of Nacional Director for the Iberian Peninsula.

SInce taking up his new post Arsuaga leads a team dedicated to the hotel property market. He has extensive experience of the hotel sector and previously as Director of the Hotels Department of CB Richard Ellis Madrid, where he commenced in 2002 taking responsibility for different roles in the areas of investment, valuations, hotels & leisure.

Arsuaga is a member of the RICS (Royal Institution of Chartered Surveyors) in the area of Valuations.

For information on hotel transactions in Spain contact | i-comparables.com

Jones Lang LaSalle nominates two new National Directors in Madrid

Monday, September 12th, 2011

Jones Lang LaSalle nominates two new National Directors in its Madrid office

Property consultancy company Jones Lang LaSalle has strengthened the areas of Property Management and Corporate Solutions with two new National Directors in its Madrid office. Elisa Navarro current Director of the Department of Investor Property Management and Borja Basa Director of Corporate Solutions have taken up new professional challenges in the company.

For information on commercial real estate transactions in Spain contact: | www.i-comparables.com

Danny Kinnoch named as International Investment Director – Savills Spain

Monday, June 28th, 2010

Savills Spain have announced the promotion of Danny Kinnoch to the position of Director of International Investment within the Capital Markets department.

Danny Kinnoch has significant experience within the property sector. Since joining Savills in 2007, Danny has been involved in a number of large assignments with UBS, Henderson, British Land, Grupo Lar, Eroski and others. Before joining Savills, Danny worked in Spain for CB Richard Ellis and previously for Colliers in the United Kingdom, where he obtained his RICS accreditation.
Luis Espadas, Director of Capital Markets for Savills based in Madrid, stated: “Danny’s new position gives perfect equilibrium to our Capital Markets team, which works with national and international investors looking to invest on the Iberian Peninsula as well as Spanish investors who want to invest in Europe and especially in the United Kingdom”.
Danny Kinnoch has a degree in Property Management and Development from the Glasgow Caledonian University in Scotland.| i-comparables.com

Savills promote Andrew Stevens to head of valuations in Barcelona

Thursday, June 17th, 2010

Savills have announced the promotion of Andrew Stevens as head of valuations in its Barcelona office.

Andrew Stevens has more than eight years experience in the property sector. He is a Chartered Surveyor and has a BLE (Hons) from the University of Aberdeen. Andrew joined the Madrid based international valuations department of Savills in 2006. Prior to this Andrew worked for Jones Lang LaSalle in Madrid and for Gerald Eve in Scotland. | i-comparables.com

Fernando Castellanos – Director Office Sales at Knight Frank, Madrid

Monday, May 3rd, 2010

Knight Frank Spain has appointed Fernando Castellanos as Director in charge of Office Sales based in Madrid. Fernando previously worked at ProEquity following a period of 11 years at King Sturge where he was Director of the Office and Retail High Street agency teams with a staff of 20 people. King Sturge closed down its Spanish operation around two years ago as a result of tougher trading conditions in the Spanish real estate market. | i-comparables.com

Luis Espadas Head of Capital Markets at Savills

Sunday, April 18th, 2010

Luis Espadas has been named as Head of Capital Markets at Savills Spain. Luis was previously responsible for retail investment but will now take overall responsibility for retail (shopping centres, retail warehouses and high street shops), industrial & logistics and office investment. Luis moved to Savills from the retail investment team at Jones Lang LaSalle some six years ago. Savills recently brokered the Ribera del Xuquer shopping centre investment transaction in Carcaixent, Valencia.
The promotion announcement follows some major restructuring within the firm. The company recently made some of its senior British surveyors redundant: Ian Cassidy (previous head of the Barcelona office), David Brown (Investment Madrid) and Gerald Byrne (retail investment Barcelona). | i-comparables.com