International real estate consultant CBRE has made a pair of promotions in its Real Estate Investment Banking (REIB) arm in Spain.
Íñigo Laspiur is promoted to senior director of the non-performing assets, debt advisory and restructuring division, with a remit to promoting advisory services in debt operations, refinancing and restructuring at CBRE.
Ignacio Matiacci is promoted to the post of director in the same team, comprising more than 20 multi-disciplinary professionals.
The CBRE REIB team has executed more than 30 refinances and restructurings in Spain for an amount of more than €10 bn. The team has also participated in numerous recapitalization and equity raising operations, as well as mergers and acquisitions in the real estate sector.
Adolfo Ramírez-Escudero, president of CBRE Spain, said: 'Reinforcing the REIB team with talent, skills and experience that combine financial and real estate knowledge, allows us to provide our clients with a significant competitive advantage.
'We have seen capital allocations to operational assets increase significantly in recent years, which in turn has fuelled demand for specialized debt counselling services for real estate business models most exposed to recurring revenue. In the current climate, companies are prioritising the management of their balance sheets and reviewing sources of financing to increase liquidity.'
