Archive for the ‘Job vacancies’ 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

i-comparables.com looks to international expansion, parts company with Real Capital Analytics (RCA)

Wednesday, December 1st, 2010

Commercial real estate job vacancies / property research positions for entrepreneurial property profesionals with languages in Europe and Latin America

i-comparables.com is a web based real estate information business providing transaction sales data on local markets on a country by country basis. After nearly three years as a data partner to Real Capital Analytics (RCA) covering the Spanish commercial property investment market, Madrid based i-comparables.com and RCA have parted company thereby freeing the way for i-comparables to commence its international expansion program. Initial expansion plans of i-comparables are focussed on those still intransparent European and all Latin American real estate markets.

Stan Dickens, managing partner, commented that “despite the challenging economic environment with reduced property transaction volumes we are optimistic that our service will be taken up in a number of countries. We envisage that this will be in partnership with nationally based real estate professionals, possibly some of whom will have established real estate research or valuation businesses but also with entrepreneurial professionals who may have recently been made redundant”.

The preferred expansion route is via a franchise whereby i-comparables provides its web platform and the benefit of its brand. New local partners will own their own business and pay a small fee to i-comparables for providing the web platform, ongoing web development and 24 hour website maintenance. However, Dickens commented, “Its not just about the software, branding and advertising material. I made a lot of mistakes when I first launched i-comparables in Spain and new partners can learn from these and avoid making the same errors. Any expansion will involve strategic and marketing advise to help new partners reach a sustainable income level as soon as possible”.

In January new partners will be able to use the improved Version 2.0 i-comparables software which has many new features. Site testing is currently being undertaken and existing users will be provided with new passwords at the time the site goes live.

i-comparables is interested in partnering bilingual property experts with commercial real estate experience and established contacts at local level in new markets. Some valuation and/or investment experience would be an advantage as would experience in real estate research. If you are interested in setting up a national version of i-comparables.com in your country please get in touch with Stan Dickens at email address: stan@standickens.com or telephone +34 914 471 700 (office) or +34 610 418 654 (mobile) for an initial discussion.

For information on the Spanish commercial investment real estate market click on the following link | i-comparables.com

Valuation Surveyor sought by international consultancy based in Madrid

Friday, June 25th, 2010

Chartered Valuation Surveyor – vacancy based in Madrid, Spain.

Madrid, Spain – international commercial real estate market agency company seeks RICS qualified valuation surveyor for Spanish and English valuation clients including banks, private and institutional investors. Minimum three years post qualification experience required. Initial contact via Stan Dickens at www.i-comparables.com (+34 914 471 700) who will put you in contact with the employer.

For transactions information on the Spanish commercial real estate market contact: i-comparables.com

Investment broker vacancy

Tuesday, March 30th, 2010

A vacancy has arisen for an office investment broker position in an international consultancy company based in Madrid. Contact Stan Dickens for further information. | www.i-comparables.com

Vacancy – head of transactions agency, Madrid based

Tuesday, March 30th, 2010

If you would like to apply for the position of head of a small multi-disciplinary real estate transactions team based in Madrid call Stan Dickens on 610 418 654 | www.i-comparables.com