A get-together of senior investors, lenders and developers active in the Spanish real estate market
26th - 27th October
Credit: SeanPavonePhoto / Envato Elements
Loredana
Loredana Carollo
Sr. Portfolio Director, Pan Europe / UKGRI Institute
In-depth Industry Knowledge
Roundtable discussions
Networking made easy
Find the perfect opportunity and partner
Plenary Session
The Investment Cycle
Down turn values or up runs inflation?
Co-chairs
Fausto Romero-MiuraPérez-Llorca Moderator
Alfonso Agulló TorresSantander AI & Deva Capital
Eduardo de RodaFREO Group Holding
Graham StirlingFairhomes Group
Mario Lapiedra VivancoNeinor Homes
Omar KhanCastellana Properties
The Investment Cycle
Down turn values or up runs inflation?
- Resilient investment strategies to overcome adversity
- Shopping for assets: What are investors looking for?
- SOCIMIs: Challenges and opportunities for sustainable growth
- Capital flight: What countries are looking at Spain and which are walking away?
- Madrid, Barcelona and secondary cities- Where can the best deals be found?
Moderator
Fausto Romero-Miura
Real Estate Partner
Pérez-Llorca
Alfonso Agulló Torres
Managing Director Real Estate
Santander AI & Deva Capital
Eduardo de Roda
Head of Iberia
FREO Group Holding
Graham Stirling
Financial Director
Fairhomes Group
Mario Lapiedra Vivanco
Chief Investment Officer
Neinor Homes
Omar Khan
Chief Investment Officer
Castellana Properties
Fausto Romero-Miura
Real Estate PartnerPérez-Llorca
Spain
Fausto Romero-Miura joined Pérez-Llorca in 2000 and was named partner of the Firm in 2007. He is also in charge of the firm’s Asian Desk. In 2004 Fausto went on secondment to Dewey Ballantine, LLP in New York, where he joined the financing and project team and worked on various international acquisition and project finance transactions. Fausto has extensive experience in advising domestic and international clients on all types of transactions related to the real estate market, the energy sector, and the development, execution and acquisition of projects, as well as commercial transactions related to companies from the real estate and energy sectors, including joint venture transactions, private equity and mergers and acquisitions.
Alfonso Agulló Torres
Managing Director Real EstateSantander AI & Deva Capital
Spain
Alfonso Agullo oversees real estate credit origination and investment at Santander Alternative Investments and works under across real estate credit functions in Deva-SAI, with a Southern European focus.
He has over 20 years of experience in real estate. Before joining SAI in 2023, he spent 16 years in Banco Santander Corporate Investment Banking where Alfonso was Head of Commercial Real Estate and Head of Collaboration Revenues Structured Finance
In his previous role, he was in charge of the origination, analysis and negotiation of Real Estate financing originating and structuring deals totaling more than €8bn in Commercial Real Estate. Prior to joining Grupo Santander, Alfonso held various positions, he was relationship banker of construction companies and worked in the project finance team at Bankia.
Eduardo de Roda
Head of IberiaFREO Group Holding
Spain
Eduardo began his real estate professional career in 2003 at Aguirre Newman in Madrid. In 2004 Eduardo joined Sonae Sierra as Asset Manager with responsibilities for the Spanish portfolio of shoppingcentres and also for new business opportunities. In 2007 Eduardo left Sonae Sierra to be part of the Spanish Investment team at Unibail-Rodamco as Senior Investment Manager. During his stay in Unibail-Rodamco, Eduardo had the opportunity to participate in the acquisition of La Maquinista – a mega regional shopping centre in Barcelona – and Habaneras in Alicante both of them owned by Metrovacesa. He also participated in the sale of 2 packages of logistic warehouses to Invesco. Eduardo is currently interim Head of the Iberia Region at Patrizia.
Graham Stirling
Financial DirectorFairhomes Group
Gibraltar
Graham Stirling serves as the Financial Director for Fairhomes Group, an organization based in Gibraltar. In this pivotal role, he is responsible for overseeing the company's financial operations and contributing to its strategic fiscal management.
Mario Lapiedra Vivanco
Chief Investment OfficerNeinor Homes
Spain
Omar Khan
Chief Investment OfficerCastellana Properties
Spain
Omar has 11 years of real estate experience in the areas of deal making, due diligence, valuations and asset management. Omar has been a part of the Castellana Team for 1 year coming from Vukile investment team where he worked for the last three years. Prior to that he spent time at Investec Bank and the Public Investment Corporation (PIC). He holds an MSc. Real estate finance and investment from the University of Reading and is a professional associated valuer.
Keynote Speaker
Antonio Espasa Mateos
Chief Economist - EuropeSantander AI & Deva Capital
Spain
Antonio Espasa Mateos serves as Chief Economist for Europe at Banco Santander, where he provides strategic economic analysis and insights across European markets. With extensive expertise in macroeconomic forecasting and financial markets analysis, he plays a key role in guiding the bank's economic outlook and policy recommendations. His work encompasses monitoring European economic trends, regulatory developments, and market dynamics to support Santander's business decisions and client advisory services across the region.
https://www.santanderalternatives.com/
+34 91 259 65 14
Madrid | Spain
Santander Alternative Investments SGIIC S.A.U. (SAI) and Deva Capital Advisory Company, S.L.U. (Deva) are wholly owned subsidiaries of Banco Santander, S.A.
SAI, headquartered in Madrid and authorised as an AIFM by the CNMV, manages alternative investment strategies across private debt, infrastructure, real estate, and other private markets.
Deva, headquartered in London with an office in New York, deploys and manages Santander’s proprietary capital across real estate and corporate capital solutions in Europe and select global markets.
The Macro Economic Outlook
A deep look into the challenges after Covid
- How far are we from the pre Covid economy?
- Restoring supply-demand balance still a bumpy road
- The Real estate sector in a post pandemic scenario
Discussion
Debt Leveraging
Down goes Bankers’ Appetite, Up Goes the Forward Funding?
Down goes Bankers’ Appetite, Up Goes the Forward Funding?
Co-chairs
José Garcia CedrunBarings Real Estate Advisers Moderator
Alberto López BalbasAexbridge Capital
Alicia Alvarezpbb Deutsche Pfandbriefbank
Andrés Romera MorónSantander AI & Deva Capital
Burkhard SchlickenriederLenwood Capital
Débora Santamaría SerranoCastellana Properties
Guillermo AstorquiBNP Paribas
Guillermo BergarecheCrédit Agricole CIB
Javier Beltrán de MiguelCG Capital Europe
Nicole JürgensenMünchener Hypothekenbank
Alternative Housing -
What works?
Co-chairs
José Antonio de Pedro CuadradoDistrito Natural Moderator
Christopher Hütwohlnook42 - The Flex Living Experts
Esteve AlmirallNode
Fabrizio AgrimiVBARE
Ignacio Pareja SierraMomentum Reim
Javier Perez LecumberriProprium Capital Partners
Jeffrey Sújar BlancoUrbania International
Future of Offices Values
Repurposing or adapting to new demand?
Co-chairs
Howard PierceUrban Input Moderator
Carlos BecerrilGenerali Real Estate
Carsten CzarnetzkiAEW Europe
Cristina Pérez LizKennedy Wilson
Edmund EgginsArdian
Paco HugasConren Tramway
Strengthening Hospitality
Reopenings, refinancing and distressed opportunities
Co-chairs
Brian BetelActivum SG UK Advisors Limited Moderator
Eduardo Boveda DamboreneaVictoria Asset Management
José Ignacio Tramuns PladellorensBanco Sabadell
Juan Castaño BeldaNatixis
Nicolas de RosActivum SG UK Advisors Limited
Regaining Investor’ Confidence in Retail
Co-chairs
Dilip KhullarEstabona Management Moderator
Alfonso BrunetCastellana Properties
Lola BañónCarrefour Property Spain
Pedro CoelhoSquare Asset Management
Vitor Freitas DuarteSonae Sierra
Residential -
Spain’s Urban vs Suburban appetite
Co-chairs
Jorge PepaNeinor Homes Moderator
Antonio NavarroWhite Investing RE S.A.
Félix Llorente SanzWilcox
Hernando De Soto Fitz-James StuartAEDAS HOMES
Javier CornejoCornex Capital
Non-Performing Assets
Buy, Repurpose or Sell?
Co-chairs
Carolina EscobarFiduciaria Central Moderator
Manuel EnrichAHORA ASSET MANAGEMENT
Nuno AntunesHipoges
Nuno ES SilvaFinSolutia
Portfolio Resilience
Tech Reshaping Market Fundamentals?
Co-chairs
Alberto AlcazarIE Business School Moderator
Jeroen MerchiersZazume
Jorge Valero EliasAEDAS HOMES
Jose María LlosaSmartRental
Lucas Galán LubascherNeinor Homes
Light Industrial, Logistics and Last mile
Will this bubble burst or become a new dream come true?
Co-chairs
Juan Alonso BartolomeTech-Stone Moderator
Guillermo RavellMileway - Spain
Howard BarnesArrow Capital Partners
Juan José Vera VillamayorValfondo
Joint Ventures
Passing fashion or a must for build, develop & manage?
Co-chairs
Juan Gómez VegaDFI Moderator
Nicolas de RosActivum SG UK Advisors Limited
Oriol EspinetMorgan Stanley
Vitor Freitas DuarteSonae Sierra
Sustainable Financing Taxonomy -
Are you there yet?
Co-chairs
David Lázaro RodrigoIE Business School Moderator
Bruno SauerGreen Building Council España (GBCe)
Marta Esquivias GassetValfondo
Paloma FraIngenuity Eurofinance
Peter SweatmanClimate Strategy
Victoria AguilarCorestate Capital
Debt Leveraging
Down goes Bankers’ Appetite, Up Goes the Forward Funding?
Down goes Bankers’ Appetite, Up Goes the Forward Funding?
- The Cycle - Has COVID changed pricing & leveraging?
- Demand & Resilience - Which asset classes are winners, which losers?
- Banks, Debt Funds, Mezz - Any upsides to more risk & higher prices?
Moderator
José Garcia Cedrun
Director of European Real Estate Debt
Barings Real Estate Advisers
Alberto López Balbas
Founder & CEO
Aexbridge Capital
Alicia Alvarez
Head of Real Estate Finance Spain
pbb Deutsche Pfandbriefbank
Andrés Romera Morón
Director of Large Business Unit
Santander AI & Deva Capital
Burkhard Schlickenrieder
Managing Partner
Lenwood Capital
Débora Santamaría Serrano
CFO
Castellana Properties
Guillermo Astorqui
MD, Head of Real Estate Finance - Iberia
BNP Paribas
Guillermo Bergareche
MD, Head of Real Estate Iberia
Crédit Agricole CIB
Javier Beltrán de Miguel
CEO
CG Capital Europe
Nicole Jürgensen
Head of International Clients
Münchener Hypothekenbank
José Garcia Cedrun
Director of European Real Estate DebtBarings Real Estate Advisers
United Kingdom
José has over 13 years of real estate experience. Jose is responsible for the investment activity of Chenavari in Spain. He has acquired several NPL portfolios in exceeds of €600M in Spain and originated direct lending over a total amount of €200M. He was also board member of Merlin Properties Socimi. Prior to this, José was Director of the Investment Team at Drago Capital (a €2.7B real estate private equity manager) and participated in all the deals structured by Drago over the last decade with a total investment volume of €3.0bn predominantly in the Iberia region. He holds a degree in Business Administration from the Complutense University of Madrid and a MA Real Estate Business Management from ICADE.
Alberto López Balbas
Founder & CEOAexbridge Capital
Spain
Aexbridge Capital, a Madrid/London based privately held investment firm specialised in direct lending, asset backed distressed debt and other unique special situations, primarily in western Europe. Alberto is the Co-founder of URBANIA INTERNATIONAL, a real estate private equity firm with over €1 billion under management. Mr. Lopez has been involved in over €2 billion of opportunistic, value add and debt real estate investing in Europe. Mr. Lopez received an International MBA from EM Lyon & EOI and has a Bachelor’s degree of Economics.
Alicia Alvarez
Head of Real Estate Finance Spainpbb Deutsche Pfandbriefbank
Spain
Senior finance expert with demonstrated successes in real estate lending, development finance, debt restructuring, portfolio management and controlling. Wide experience in the analysis of real estate and construction sectors on international level.
Andrés Romera Morón
Director of Large Business UnitSantander AI & Deva Capital
Spain
Burkhard Schlickenrieder
Managing PartnerLenwood Capital
Germany
Burkhard Schlickenrieder is Managing Partner of Lenwood Capital, a debt investment manager investing instititutional capital across the entire financing structure in mezzanine, junior and senior loans secured by real estate covering almost all asset classes. He has a backgroud in structured finance, investment banking and in the planning & construction business, with former positions as an architect and afterwards in the financial industry at Hypo Vereinsbank (HVB), Hypo Real Estate (HRE) and REFTA. Burkhard Schlickenrieder holds an MSc in Philosophy from the London School of Economics and Political Science (LSE) and a Diploma in Engineering/Architecture from Dortmund University.
Débora Santamaría Serrano
CFOCastellana Properties
Spain
Debora is CFO and executive board member of Castellana Properties Socimi since 2018. Previously, she was financial director in Axiare Socimi after several years in PwC and KPMG in the areas of auditing and consulting.
Guillermo Astorqui
MD, Head of Real Estate Finance - IberiaBNP Paribas
Spain
Guillermo Astorqui serves as Managing Director and Head of Real Estate Finance for Iberia at BNP Paribas, one of Europe's leading banking institutions. Based in Spain, he oversees real estate financing operations across the Iberian Peninsula, leveraging extensive expertise in commercial real estate, investment banking, and structured finance. In his leadership role, Astorqui manages strategic relationships with institutional investors, developers, and real estate funds while driving growth in BNP Paribas' Iberian real estate portfolio. His deep understanding of local market dynamics and regulatory frameworks positions him as a key figure in the bank's regional expansion strategy and real estate finance operations.
Guillermo Bergareche
MD, Head of Real Estate IberiaCrédit Agricole CIB
Spain
1997-2001 – Education at CUNEF, Major in Finance. 2001-2003 – Lehman Brothers, Analyst, Mergers & Acquisitions, London. 2003-2008 – Crédit Agricole CIB, Associate Director, Project and Acquisition Finance, Madrid. 2009-2016 – Crédit Agricole CIB, Managing Director, Head of Real Estate and Hotel Group Spain, Madrid
Javier Beltrán de Miguel
CEOCG Capital Europe
Spain
Mr. Beltran is CEO of CG CAPITAL EUROPE and he has more than 24 years of investment banking, real estate and capital markets experience throughout Spain, Portugal and rest of Europe. Previously, he was Head of Carlton Group Europe and before Javier was Managing Director of UniCredit’s Investment Banking division and he has previously worked for UBS, Morgan Stanley and Barclays Capital. Over his career, Mr. Beltran has intervened in the completion of more than €20 billion in European transactions, including a wide spectrum of equity and mezzanine investments and direct lending transactions. He holds a PDG degree from IESE Business School and graduated from CUNEF with a BD in Business Administrations & Finance.
Nicole Jürgensen
Head of International ClientsMünchener Hypothekenbank
Germany
Nicole Jürgensen joined commercial real estate lender Rheinhyp in late 1998 and started her career in the International Property Lending Department, covering Spain. Thereafter, she was involved in setting up offices in Athens, Greece and Istanbul, Turkey to eventually take over, in late 2006, the Latin American business development at Eurohypo. After 5 years in Spain, between 2009 and 2014, where she was in charge of managing Hypothekenbank Frankfurt’s Branch in Madrid, she joined Commerzbank in 02/2015 to head the Frankfurt office of the Centre of Competence - Corporate Clients Real Estate.
Alternative Housing -
What works?
- BTR
- Student Housing
- Affordable Housing
- Senior Housing
- How has financing for the different asset types and locations shifted?
- Has the design of housing complexes and units changed with new demand?
- A safe haven for investors?
Moderator
José Antonio de Pedro Cuadrado
Partner
Distrito Natural
Christopher Hütwohl
nook42 - The Flex Living Experts
Esteve Almirall
Co-Founder, Managing Director
Node
Fabrizio Agrimi
Managing Director
VBARE
Ignacio Pareja Sierra
CEO
Momentum Reim
Javier Perez Lecumberri
Proprium Capital Partners
Jeffrey Sújar Blanco
Managing Partner, Alternative Investments
Urbania International
José Antonio de Pedro Cuadrado
PartnerDistrito Natural
Spain
Chief Development Officer at Distrito Natural | Partner at Fluxus Ventures
With extensive experience in the real estate sector, I specialize in advising investment funds on asset transformation and delivering innovative solutions to real estate portfolios. I have successfully managed multiple co-working and co-living projects, introducing cutting-edge strategies for portfolio enhancement.
Currently, my focus is on driving the decarbonization of the industry through timber-structure residential developments, accelerating sustainable practices for a greener future.
Education:
- MSc in Industrial Engineering, Major in Structural Engineering, Universidad Politécnica de Madrid
- Bachelor of Architecture, École Nationale Supérieure d'Architecture Paris Malaquais
Christopher Hütwohl
nook42 - The Flex Living Experts
Spain
Esteve Almirall
Co-Founder, Managing DirectorNode
Spain
Esteve leads all Node Iberian efforts, which are organized across three departments: development, operations and capital markets. He has extensive experience in coliving, multifamily and vacation rentals and previously worked at Starcity, Airbnb and VTS. Esteve has a degree in Finance from New York University.
Fabrizio Agrimi
Managing DirectorVBARE
Spain
Fabrizio Agrimi has a wide knowledge and experience of real estate industry in Spain as well as internationally. Prior to joining VBARE Iberian Properties SOCIMI in November 2017, he was Managing Director and Partner in Altan Capital, part of the Altamar Group and one of the leading international real estate investment manager in Spain. Previously he was part of the Investment team at Aguirre Newman, where he participated in the acquisition and sale of numerous real estate assets. He also worked in Milan and London in the distinguished law firm Vita Samory, Fabrini as part of the M&A, Private Equity and Financial Services team.
Ignacio Pareja Sierra
CEOMomentum Reim
Spain
Ignacio is a founding partner of Momentum REIM and responsible for business development since 2008. He studied Law at ICADE and Business Administration at UNED and has a Master in SME Management from EOI and a Master in Real Estate Management from ICADE. From 2004 to 2012 he has been a Postgraduate Professor at ICADE. In 2000 he began his professional career in the RE consultancy division of Arthur Andersen, and after years of experience in the sector he held the position of CEO in Grupo Gesfesa and Deputy Managing Director in Grupo Vemusa, RE companies focused on residential and tertiary development business. MOMENTUM was born in 2008 with the conviction that the change of cycle would generate good opportunities for the RE business.
Javier Perez Lecumberri
Proprium Capital Partners
USA
Jeffrey Sújar Blanco
Managing Partner, Alternative InvestmentsUrbania International
Spain
Jeffrey holds a Degree in Civil and Structural Engineering and more than 20 years’ experience in Management and Business Development in the Real Estate area. In 2018 he joined Urbania International as CEO of Syllâbus, Urbania subsidary, leading the company’s operations as well as strategy, investment advisory and structuring. Syllâbus is a Property Development Company specialised in the delivery of prime Student Accommodation. Nowadays, he is also Proffesor at IE School of Architecture and Design. Prior to Syllâbus, Jeffrey held a position as Vice-President and Managing Director at Hill International and he was Development Director of Shopping Centre Specialist at Sonae Sierra.
Future of Offices Values
Repurposing or adapting to new demand?
- Resilience: Tech & ESG Reshaping Market Fundamentals?
- Omnichannel Offices: How are alliances and tenant strategies changing?
- Quality over quantity: The new future for coworking and experiential offices
Moderator
Howard Pierce
Managing Partner
Urban Input
Carlos Becerril
Head of Asset Management
Generali Real Estate
Carsten Czarnetzki
Country Head Spain
AEW Europe
Cristina Pérez Liz
Managing Director
Kennedy Wilson
Edmund Eggins
Managing Director
Ardian
Paco Hugas
Co-Ceo/ Partner
Conren Tramway
Howard Pierce
Managing PartnerUrban Input
Spain
Howard has been working in the real estate sector since 1993 first in the London market and since 1998 in Spain. His UK experience was in the valuation, investment and agency areas of business. He is a founding partner of Urban Input (2004) and has been involved on both the investor relations and transaction sides of the business. Howard has a BSc (Hons) in Land Management from Reading University and is on the RICS Continental European Educational Standards Board.
Carlos Becerril
Head of Asset ManagementGenerali Real Estate
Spain
Carlos has 23 years ́ experience as a real estate professional. He is Head of Asset Management of Generali Real Estate Spain since 2014, where he is the primary focus on sourcing, analyzing and executing new investments both in Spain & Portugal. In addition, Carlos is in charge of Generali ́s asset management in the Iberian Peninsula. Prior to joining Generali Real Estate, he held senior management positions at Neinver, IKEA and the Spanish Ministry of Treasure. He is Bachelor's degree in Law, Graduated in European Economic Studies, Masters in Urban Planning and Development, and Real Estate Executive Programme from IE Business School. Carlos is MRICS in Commercial Property.
Carsten Czarnetzki
Country Head SpainAEW Europe
Spain
Carsten is Country Head for Spain as well as portfolio manager for AEW Europe Value Investors, a core-plus/value-add fund actively acquiring office assets across Europe. Carsten has over 15 years’ experience in acquiring and managing real estate assets throughout the US and Europe. Prior to joining AEW, Carsten was a Director at Generali, previously also working at Deutsche Bank M&A, JER Partners and Starwood Capital Group. Carsten is a German national, fluent in English, Spanish and French.
Cristina Pérez Liz
Managing DirectorKennedy Wilson
Spain
Ms Perez Liz, based in Madrid, is the Managing Director of Kennedy Wilson Spain and has almost 20 years of investment banking, real estate and capital markets experience throughout Spain and the rest of Europe. Prior to joining Kennedy Wilson, she was a Managing Director of Banco Santander’s restructuring unit for medium size corporates, and had previously played different roles at PwC, and Goldman Sachs and JP Morgan in London . Over her career, Ms Perez has intervened in the completion of more than 25bn in European real-estate related transactions, including equity, direct lending, mezzanine, securitisation, and restructuring work.
Edmund Eggins
Managing DirectorArdian
Spain
Edmund Eggins joined Ardian Real Estate in 2019 with ten years of real estate experience. Prior to joining Ardian, Edmund was a Director at Inmobiliaria Colonial. Prior to that, he was a Director at Axiare Patrimonio. He started his career working at Savills where he spent five years in the Capital Markets team.
Paco Hugas
Co-Ceo/ PartnerConren Tramway
Spain
Paco is the co-CEO and co-founder -with his brother Jaime- of a Spanish developer, investor & asset manager Conren Tramway. His background is in commercial and residential real estate in Spain. His responsabilities focus on business development, sourcing and structuring deal as well development and asset management where he leads a design and construction team of 25 people. His experience covers investing in commercial and residential developments, value add and core plus properties. He currently serves on the Board of AEO (Spanish Office Association) and ULI Spain.
Strengthening Hospitality
Reopenings, refinancing and distressed opportunities
- Damage control: What’s the status and what support is being provided to the industry?
- Operations innovation: How have operation models changed?
- Spain as a lease oriented market and franchising at a rise, how can we capitalise on this?
- New trends and consumer demands post-COVID
- Rebranding and multiple use: Experiential hospitality the future?
Moderator
Brian Betel
Global Head of Direct Assets
Activum SG UK Advisors Limited
Eduardo Boveda Damborenea
Managing Director
Victoria Asset Management
José Ignacio Tramuns Pladellorens
Head of CRE & Hotel Finance EMEA
Banco Sabadell
Juan Castaño Belda
Head of RE & Hospitality
Natixis
Nicolas de Ros
Director
Activum SG UK Advisors Limited
Brian Betel
Global Head of Direct AssetsActivum SG UK Advisors Limited
Spain
Brian Betel serves as Head of Direct Transactions at ActivumSG UK Advisors Limited, where he leads strategic investment initiatives and transaction execution. With extensive experience in private equity and direct investment management, Betel specializes in identifying and structuring complex financial transactions across diverse sectors. His expertise encompasses deal sourcing, due diligence, and portfolio management, contributing to ActivumSG's growth as a prominent investment advisory firm. Betel brings deep knowledge of European markets and cross-border transactions, positioning him as a key leader in the firm's direct investment strategy and client advisory services.
Eduardo Boveda Damborenea
Managing DirectorVictoria Asset Management
Spain
Eduardo Boveda Damborenea serves as Managing Director at Victoria Asset Management in Madrid, where he leads investment strategies and client portfolio management. With extensive experience in European financial markets, he specializes in asset allocation and wealth management solutions. Eduardo brings deep expertise in institutional and private client services, focusing on risk-adjusted returns and strategic investment planning. His leadership at Victoria Asset Management has contributed to the firm's growth in the Spanish and international markets, delivering comprehensive financial advisory services to high-net-worth clients and institutional investors across diverse asset classes.
José Ignacio Tramuns Pladellorens
Head of CRE & Hotel Finance EMEABanco Sabadell
Spain
José-Ignacio Tramuns is the Head of CRE Finance EMEA at Banco Sabadell. He joined Banco Sabadell in 2006 as a member of the Structured Real Estate Finance team, and afterwards was the CIO-Real Estate in BanSanbadell Inversión, with more than €1 billion under management. Prior to joining Banco Sabadell, he gained experience in Real Estate and Private Banking in firms such as Aguirre Newman and Morgan Stanley. He graduated in Economics with an MBA from ESADE Business School.
Juan Castaño Belda
Head of RE & HospitalityNatixis
Spain
Licenciado en Administración y Dirección de Empresas, bachelor en International Business por la Universidad de Northumbria, en Investigación y Técnicas de Mercado y cuenta con un MBA en ICADE y PDD de IESE. Desarrollará funciones ejecutivas con nuevos clientes y será el responsable de negociar las operaciones de financiación del banco, por encima de 50 millones €. Hasta ahora era director ejecutivo de Real Estate & Hospitality de Natixis para España y Portugal. Con 18 años de experiencia, desde su incorporación a en 2007 ha participado en proyectos de financiación de operaciones por valor de más de 5.000 millones €. Con anterioridad trabajó como analista en las áreas de riesgos y financiación de proyectos de BBVA e ICO en Madrid.
Nicolas de Ros
DirectorActivum SG UK Advisors Limited
Spain
Nicolas de Ros serves as Director at ActivumSG UK Advisors Limited, a specialized investment advisory firm. Based in Spain, he brings extensive experience in financial services and investment management to his leadership role. At ActivumSG, Nicolas focuses on providing strategic advisory services to clients across various investment sectors. His expertise encompasses portfolio management, financial analysis, and client relationship development. Nicolas plays a key role in the firm's expansion and client acquisition strategies, leveraging his deep understanding of European markets and regulatory frameworks to deliver tailored investment solutions for institutional and private clients.
Regaining Investor’ Confidence in Retail
- The Omnichannel Challenge: Who do tenants and developers work together with to be successful?
- Working With Lenders & Attracting Finance for Retail Transactions
- Future of retail and the financial variable: How profitable is it to have retailers become customer experience centers vs. ecommerce sales´
Moderator
Dilip Khullar
Managing Director
Estabona Management
Alfonso Brunet
CEO
Castellana Properties
Lola Bañón
Country Managing Director
Carrefour Property Spain
Pedro Coelho
Chairman
Square Asset Management
Vitor Freitas Duarte
Senior Director, Investment Management
Sonae Sierra
Dilip Khullar
Managing DirectorEstabona Management
Spain
Dilip is Estabona Management’s Managing Director and has worked in Spain in the shopping centre sector for 25 years. Before establishing Estabona, Dilip held management positions in the American developer Hines where he was responsible for the development of Diagonal Mar shopping center in Barcelona and was previously Managing Director of the Canadian investment and development company TrizecHahn in Spain. Dilip currently maintains an investment company with Cadena, a U.K. based investment management company. Dilip holds undergraduate and post graduate degrees in Economics as well as an Advanced Certificate in Management and Technology Innovation from the MIT Sloan School of Business.
Alfonso Brunet
CEOCastellana Properties
Spain
Real Estate expert with more than 20 years of experience in the industry, from retail and offices to industrial & logistics. Alfonso Brunet holds a Bachelor in Business Administration with Concentration in Finance from Boston University. He has dedicated his last 14 years in the retail Real Estate industry heading different projects, at CB Richard Ellis (CBRE) he assumed the position of responsible for logistics and industrial assets and in Pradera, a Private Equity Retail Fund he held the position of Country Head. Alfonso is since 2017, CEO of Castellana Properties REIT.
Lola Bañón
Country Managing DirectorCarrefour Property Spain
Spain
Lola Bañón serves as Country Managing Director at Carrefour Property Spain, leading the real estate division of one of Europe's largest retail groups. With extensive experience in property development and retail real estate, she oversees strategic initiatives for commercial property portfolio management across Spain. Bañón brings deep expertise in retail property investment, development projects, and market expansion strategies. Under her leadership, Carrefour Property Spain continues to strengthen its position in the Spanish commercial real estate market, focusing on sustainable development and innovative retail spaces that meet evolving consumer needs.
Pedro Coelho
ChairmanSquare Asset Management
Portugal
55 years, married 2 sons From 2002 - 2017 Square Asset Management - Partner; 1,5 Billion under management in all sectors for retail and institutional clients : Managing the highest Portuguese performance balanced portfolio over the last 8 years in a row according to MSCI/IPD; from 1990 - 2000 ESAF Espírito Santo Activos Financeiros SGPS - Real Estate Managing Director Investments: Portugal, Brazil, Russia.
Vitor Freitas Duarte
Senior Director, Investment ManagementSonae Sierra
Spain
Vitor Freitas Duarte joined Sonae in 1997 and held various positions ranging from Investor Relations at Sonae SGPS to Project Manager at Sonae UK. In 2004 he joined Sonae Sierra as a Finance Manager and, three years later, he assumed responsibilities as Senior Manager for New Projects and Acquisitions in Europe. In 2010, he was also appointed Corporate Controller with responsibilities for information systems and European back offices. In 2017 Vitor moved to the Madrid office with responsibilities for the investment and management of ORES Socimi and developing new investment vehicles. Academic achievements: Degree in Management, Oporto University; MBA, ESADE Business School/NYU Stern.
Residential -
Spain’s Urban vs Suburban appetite
- Spain’s Post-Pandemic Housing Sector: Where are we?
- Location: Valuations vs Value - How to get rational pricing back?
- Mix use? Role of the lender in recovery
Moderator
Jorge Pepa
Chief Development Officer
Neinor Homes
Antonio Navarro
CFO
White Investing RE S.A.
Félix Llorente Sanz
CEO
Wilcox
Hernando De Soto Fitz-James Stuart
Institutional Relations Director
AEDAS HOMES
Javier Cornejo
CEO
Cornex Capital
Jorge Pepa
Chief Development OfficerNeinor Homes
Spain
Mr. Pepa serves as member of the Board of Directors and Chief Development Officer at Neinor Homes, a leading residential developer in Spain. He has over 20 years of real estate and investment banking experience. He was previously based in New York were he run the Latin America Private Financing division at UBS, and similar roles at Credit Suisse and Deutsche Bank. Mr. Pepa has a Business Degree from Universidad de San Andrés in Buenos Aires.
Antonio Navarro
CFOWhite Investing RE S.A.
Spain
• 8 years experience in real estate development on the Costa del Sol both as CFO and Area Manager
• Urban development of land of more than 2,000 units on the Costa del Sol.
• 8 years of experience in the innovation sector as Managing Director.
• 5 years experience in other executive positions within finance.
• Business Administration Graduate at ICADE, MBA at San Telmo Business School, Master’s in Audit at UVIC, CCA® (Chartered Controller Analyst ) Certificate, Master’s in Real Estate and Urban Planning at UPCO.
Félix Llorente Sanz
CEOWilcox
Spain
8000 residential units developed; Logistics: 300000 m2 developed, 2.250.000m2 GLA under development; 50000m2 retail high street under management; 28000m2 GLA healthcare/housing for seniors; 120 student housing units recently open. TRAINING: • IESE - Senior Business Management Program • Bachelor of Business Administration and Management. • Technician in Business Administration and Management • Master in Financial Management • High Executive program RE Management and Valuations • High Executive degree grade: Private equity and structured finance • Executive Administration Program. PROFESSIONAL PROFILE: • General Director of Wilcox Group • Vice President of AEDHE • Member of the Board of Directors of CEIM • Member of ULI and ICSC.
Hernando De Soto Fitz-James Stuart
Institutional Relations DirectorAEDAS HOMES
Spain
Hernando de Soto is a Senior Real Estate professional involved in asset management since 1997. He holds a B.A. in Business Administration, from Richmond College (UK), a master’s in Real Estate Management, from Fundación Camuñas (Spain) and an executive master´s in Corporate Finance from ESADE Business School (Spain). He joined AEDAS Homes in May 2017 as Head of Investor Relations being appointed as Institutional Relations Director of the company in November 2019. He develops a constant interaction with the different stakeholders in the real estate industry, focused on investors, aiming to identify business opportunities for the company.
Javier Cornejo
CEOCornex Capital
Spain
Javier is CEO and founder of Cornex Capital, created in 2004. He specializes in identifying, originating and advising on real estate investment transactions in Barcelona and Madrid, all types of assets with investment volumes of over 500M euros in recent years. He manages complex transactions, refinancing, and restructuring of real estate companies, looking for operations where he can generate value, negotiating on behalf of the investors, reaching agreements, managing the assets until disinvestment, and making the highest possible return. Javier studied Art History, Management and Urbanism.
Non-Performing Assets
Buy, Repurpose or Sell?
- Post covid spring back or portfolios losing steam?
Moderator
Carolina Escobar
Presidente
Fiduciaria Central
Manuel Enrich
Chief Investor Relations Officer
AHORA ASSET MANAGEMENT
Nuno Antunes
Hipoges
Nuno ES Silva
Founder & Managing Partner
FinSolutia
Carolina Escobar
PresidenteFiduciaria Central
Colombia
Experienced Manager with a demonstrated history of working in the retail, oil and gas and financial services industry. Skilled in Crisis Management, Business Planning, Investor Relations and international relations development. strong networking in North and Latin American markets including Brazil.
Manuel Enrich
Chief Investor Relations OfficerAHORA ASSET MANAGEMENT
Spain
Manuel graduated in Business Administration from Denver University (Colorado, USA) and holds an MBA from the University of Notre Dame. He has worked almost his whole career in Investor Relations. He joins Sareb from the consultancy King Worldwide Investor Relations, where he worked for the past four years. He was also the Founder and Managing Partner of Logical IR Solutions, Director of Strategy and External Relations at Parquesol Inmobiliaria, CEO of Eurocofin Investor Relations, Director of Equities at AB Asesores Bursatiles, Director of Investor Relations at Bankinter, and CEO of Link Securities, among other roles. He founded the Spanish Association of Investor Relations, being an Honorary Member and serving on it's Board.
Nuno Antunes
Hipoges
Spain
Nuno ES Silva
Founder & Managing PartnerFinSolutia
Portugal
Nuno has more than 20 years of experience and is the founding partner of Finsolutia & FS Capital. Throughout his career, Nuno has gained valuable experience and exposure to credit and real estate across Southern Europe. Prior to starting FinSolutia, Nuno worked in capital market divisions in IB, top strategy consulting firm, private equity and non core asset management, leading the first NPL deal in Iberia among other very relevant transactions. Nuno attended the OPM at Harvard Business School, inter-Alpha program at INSEAD, holds a MBA with honors (Beta Gamma Sigma) from SDSU-California State University, a Post Graduate degree in Corporate Finance (ISCTE) and a business degree.
Portfolio Resilience
Tech Reshaping Market Fundamentals?
- Technology: How is it Driving Investment & Development?
- How are real estate players innovating in their investment strategies?
- Why does real estate need to invest in AI and data science?
Moderator
Alberto Alcazar
Director PA Proptech e Innovación Inmobiliaria
IE Business School
Jeroen Merchiers
Co-Founder
Zazume
Jorge Valero Elias
Director Data & Digital Transformation
AEDAS HOMES
Jose María Llosa
Chief Growth Officer
SmartRental
Lucas Galán Lubascher
Head of Product and Innovation
Neinor Homes
Alberto Alcazar
Director PA Proptech e Innovación InmobiliariaIE Business School
Spain
Alberto Alcázar es Director de PA Proptech e Innovación Inmobiliaria en IE Business School, donde lidera iniciativas de transformación digital en el sector inmobiliario. Con amplia experiencia en proptech y nuevas tecnologías, dirige programas académicos y proyectos de investigación que conectan la innovación tecnológica con el mercado inmobiliario. Su expertise abarca desde startups proptech hasta soluciones digitales para el sector, posicionando a IE como referente en la formación y desarrollo de profesionales en innovación inmobiliaria y tecnologías emergentes del sector.
Jeroen Merchiers
Co-FounderZazume
Spain
Jeroen recently founded Zazume with the objective to digitise residential rentals for mid and long term stays. We offer a platform to letting agencies and property managers to efficiently manage the rental life cycle from search to living. Zazume adds a service layer to monetise your rental properties beyond the finite space and increase the added value to your customers. Prior to Zazume, Jeroen worked for Airbnb during 8 years of which he was responsible for the business in Europe, Middle East and Africa. Jeroen is the founding partner of Lanai Partners, a boutique venture capital firm that has invested in 30 startups and was the COO of Groupalia. Belgian but living in Barcelona.
Jorge Valero Elias
Director Data & Digital TransformationAEDAS HOMES
Spain
Jorge Valero has been Director of Data and Digital Transformation at AEDAS Homes since March 2020. In the real estate sector, he was the driving force behind Tinsa's digitalisation process in 2014 and CEO of Tinsa Digital, an international spin-off of the Tinsa group focused on the real estate data business in the proptech industry for two years.
Jose María Llosa
Chief Growth OfficerSmartRental
Spain
Jose is leading the international growth for Smartrental. We are a group of hospitality and living brands leading the spanish market for hospitality (hostel, hotels, serviced apartments) and living (coliving, senior and student housing). Currently, we operate +4.000 beds.
He has also undertaken several business projects in the hospitality area. International MBA and Real Estate program at Instituto de Empresa business school in Madrid.
Lucas Galán Lubascher
Head of Product and InnovationNeinor Homes
Spain
Executive MBA, Master in Real Estate Management and Management and Diploma in Finance with 15 years of international experience (Spain, Chile, Brazil and Japan), where I provide a global vision and knowledge in the real estate and construction industry, adding value in each one of the financial, technical, legal and operational phases. I have worked in leading companies in a changing, competitive and international environment where I have developed my main professional skills in (1) Real Estate Development, Management and Investment, (2) Assets for sale and for rent and (3) Innovation and Digital Transformation of processes and business models. Extensive knowledge in BIM, sustainability, offsite and new technologies.
Light Industrial, Logistics and Last mile
Will this bubble burst or become a new dream come true?
- Pricing and demand: Post-COVID logistics and last mile boom to continue?
- Reverse logistics: ESG & Last Mile, what is the solution to this coexisting dilemma? (Logistics creating pollution, trafic, parking issues, etc vs world wanting to shop online and get door to door service, but live pollution less and car free city centers)
- Spain's rising e-commerce tenants: Is this the beginning of a new normal? How will the urban logistics facilities in the cities shape out?
- Keeping up with the demand and new competition
Moderator
Juan Alonso Bartolome
CEO
Tech-Stone
Guillermo Ravell
Country Director Spain & Portugal
Mileway - Spain
Howard Barnes
Head of Spain
Arrow Capital Partners
Juan José Vera Villamayor
CEO
Valfondo
Juan Alonso Bartolome
CEOTech-Stone
Spain
Juan Alonso Bartolome serves as CEO of Tech-Stone Development Services, a technology development company based in Spain. As a seasoned executive in the tech industry, he leads the organization's strategic initiatives and business development efforts. Under his leadership, Tech-Stone has established itself as a provider of innovative development solutions. Bartolome brings extensive experience in technology management and business leadership to his role, focusing on delivering cutting-edge services to clients across various sectors. His expertise encompasses strategic planning, team leadership, and driving technological innovation within the rapidly evolving development services landscape.
Guillermo Ravell
Country Director Spain & PortugalMileway - Spain
Spain
Mr. Ravell has more than 20 years experience in the real estate sector. Prior to joining Mileway in October 2019, he spent 2 years as Senior Advisor for Kefren Capital Real Estate and 10 years as Country Manager for Goodman, leading asset management, investment and development transactions in Spain. Guillermo has also worked at CBRE in various roles, first as Asset Management Director and later as Regional Director Valencia.
Howard Barnes
Head of SpainArrow Capital Partners
Australia
Howard Barnes is responsible for managing the local office in Madrid. Howard has over 30 years of experience in commercial real estate, with 15 years of direct experience in the Spanish market. Career highlights: Howard has developed some of the most well-known industrial assets in Spain (Amazon Madrid Headquarters) as well as having participated in some of the largest investment transactions in the industrial sector in the last 5 years. Valuing thousands of industrial assets in Spain, Howard has a broad and deep knowledge of the Spanish market. Directed acquisition and disposal teams transacting several billion Euros worth of commercial RE assets in Spain.
Juan José Vera Villamayor
CEOValfondo
Spain
As Founder and CEO of Valfondo, he leads one of Spain’s leading logistics asset management firms, with a presence in three European countries and nearly €2 billion in assets under management. With more than 25 years of industry experience, he has transformed Valfondo from a logistics developer into a European benchmark in multi-manager logistics fund management, combining innovation, sustainability and strategic vision. His leadership is distinguished by a human-centred approach, focused on creating value and promoting projects with a positive social impact.
Joint Ventures
Passing fashion or a must for build, develop & manage?
- An effective way to get hold on land
- Is "sharing" a good way to minimize risks?
- Combine financial resources or to pool knowledge
- Building an alternative real estate: Partnering with tech to change customer experience
Moderator
Juan Gómez Vega
Head of Southern Europe
DFI
Nicolas de Ros
Director
Activum SG UK Advisors Limited
Oriol Espinet
Executive Director
Morgan Stanley
Vitor Freitas Duarte
Senior Director, Investment Management
Sonae Sierra
Juan Gómez Vega
Head of Southern EuropeDFI
United Kingdom
Juan Gómez Vega is the Managing Director, Head of Southern Europe at DFI LLP (Deutsche Finance International). Joining DFI in 2020, he is instrumental in expanding the firm's real estate investment and asset management activities across Southern Europe, overseeing a portfolio of approximately €3 billion in assets. With over 15 years of experience in real estate investment and debt management across Europe, the US, and South America, Juan previously held key roles as Chief Capital Markets and Investor Relations Officer at Neinor Homes and CEO of Vilamoura World. He holds an MBA from Columbia Business School and is a CFA Charterholder.
Nicolas de Ros
DirectorActivum SG UK Advisors Limited
Spain
Nicolas de Ros serves as Director at ActivumSG UK Advisors Limited, a specialized investment advisory firm. Based in Spain, he brings extensive experience in financial services and investment management to his leadership role. At ActivumSG, Nicolas focuses on providing strategic advisory services to clients across various investment sectors. His expertise encompasses portfolio management, financial analysis, and client relationship development. Nicolas plays a key role in the firm's expansion and client acquisition strategies, leveraging his deep understanding of European markets and regulatory frameworks to deliver tailored investment solutions for institutional and private clients.
Oriol Espinet
Executive DirectorMorgan Stanley
Spain
Education: Civil engineer from UPC (Universidat Politécnica de Cataluña), Master of Science in Management from HEC Grande Ecole (Paris) and Master of International Management from CEMS MIM. I have worked in Morgan Stanley Real Estate Investing (MSREI) for over 15 years with special focus on CEE, Nordics in the past but I am now focused on Spain and I head the MSREI Spanish business.
Vitor Freitas Duarte
Senior Director, Investment ManagementSonae Sierra
Spain
Vitor Freitas Duarte joined Sonae in 1997 and held various positions ranging from Investor Relations at Sonae SGPS to Project Manager at Sonae UK. In 2004 he joined Sonae Sierra as a Finance Manager and, three years later, he assumed responsibilities as Senior Manager for New Projects and Acquisitions in Europe. In 2010, he was also appointed Corporate Controller with responsibilities for information systems and European back offices. In 2017 Vitor moved to the Madrid office with responsibilities for the investment and management of ORES Socimi and developing new investment vehicles. Academic achievements: Degree in Management, Oporto University; MBA, ESADE Business School/NYU Stern.
Sustainable Financing Taxonomy -
Are you there yet?
- Real Estates´ EU Green Classification System: To what extent are you using technology tools, to assess how green you are?
- ESG: Are we changing the mindset to create real win-win scenarios?
- Value or Obligation: EC´s public administration verification and sustainable certification criteria
- Risk management if you don't comply?
Moderator
David Lázaro Rodrigo
Subdirector Programa Avanzado de Proptec
IE Business School
Bruno Sauer
CEO
Green Building Council España (GBCe)
Marta Esquivias Gasset
ESG Director
Valfondo
Paloma Fra
Managing Partner
Ingenuity Eurofinance
Peter Sweatman
Director General
Climate Strategy
Victoria Aguilar
Project Manager Developments
Corestate Capital
David Lázaro Rodrigo
Subdirector Programa Avanzado de ProptecIE Business School
Spain
Currently Real Estate Innovation Executive Program director at IE Business School. Associate professor on Advance Property Management Real Estate program at the IE Business School. HOMUWELLCH Co-Founder managing Sustainability and Innovation Technology for different REITs/SOCIMIs and Funds. Experience in consultancy services in all kinds of real estate products (offices, residential, retail, logistics, hotels and leisure assets). Previously he spent 10 years in different positions at CBRE, last two years responsible for business development within Mainland Europe by leveraging CBRE’s global scale, reporting CBRE – UK. David’s background is Industrial Engineer, MBA, RICS Member and LEED & WELL Faculty.
Bruno Sauer
CEOGreen Building Council España (GBCe)
Spain
Bruno Sauer serves as CEO of Green Building Council España (GBCe), where he leads Spain's premier organization dedicated to sustainable construction and green building practices. With extensive expertise in environmental sustainability and building certification systems, Sauer drives initiatives to promote energy-efficient architecture and sustainable urban development across Spain. Under his leadership, GBCe advances green building standards, LEED and BREEAM certifications, and environmental awareness in the construction sector. His work focuses on integrating sustainability principles into Spanish building practices, supporting the country's transition toward more environmentally responsible construction methods and contributing to global climate goals through innovative green building solutions.
Marta Esquivias Gasset
ESG DirectorValfondo
Spain
Marta Esquivias Gasset serves as ESG Director at Inversiones Montepino SL, a leading Spanish real estate investment and development company. In her role, she oversees environmental, social, and governance initiatives, driving sustainable practices across Montepino's extensive logistics and industrial property portfolio. With expertise in sustainability strategy and corporate responsibility, Marta leads the company's commitment to ESG excellence, ensuring compliance with environmental regulations and implementing innovative green building solutions. Her work focuses on integrating sustainable development principles into Montepino's operations while enhancing long-term value creation for stakeholders through responsible investment practices.
Paloma Fra
Managing PartnerIngenuity Eurofinance
Spain
Paloma Fra is a Managing Partner at Eurofinance Ingenuity, a firm dedicated to fostering public-private partnerships for high-impact European projects. She possesses 15 years of experience as a European public funding specialist, expertly managing European Commission grants, loans, and financial instruments. Her expertise spans smart cities, health, education, security, governance, circular economy, and EU relations. Fra previously advised Zaragoza City Council on European funds and served as a European funds specialist for Microsoft Western Europe. She holds a PDD from IESE Business School and a Master's in International Relations, European Union, and Globalization.
Peter Sweatman
Director GeneralClimate Strategy
Spain
Victoria Aguilar
Project Manager DevelopmentsCorestate Capital
Spain
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