Greystar Real Estate Partners has announced the appointment of Covadonga Sanz Llaca as director of asset management for Southern Europe to support its growth strategy across the region.
Sanz Llaca joins Greystar at a time when it is scaling up its multifamily housing portfolio in Spain through the acquisition of strategic development opportunities in major cities such as Madrid, Malaga, Pamplona and Barcelona. This will complement Greystar’s substantial portfolio of purpose-built student accommodation (PBSA) assets equating to 10,000 beds across 17 cities, following its acquisition of Spain’s largest student accommodation provider RESA in 2017.
Based in Madrid, Sanz Llaca will be responsible for the development and implementation of asset management strategies for the PBSA and multifamily portfolios across Southern Europe, including Spain. She will work as part of Greystar’s vertically integrated pan-European platform, which incorporates expertise in investment, development and operations.
Sanz Llaca was previously at Hines for five years, latterly as a senior associate in the asset management team where she was responsible for the identification and completion of real estate management initiatives for assets in Madrid and Barcelona including leasing, refurbishment, development and disposals. Prior to Hines, she worked at AXA and PwC.
Juan Acosta, managing director – Spain, Greystar, said: ‘We are known for operational excellence, particularly in the student accommodation sector, but we have ambitious plans to grow our rental housing portfolio and are actively seeking new development and investment opportunities in major cities with strong market fundamentals. Our pan-European asset execution team is integral to our success to ensure our buildings are efficient and offer an exceptional experience for residents.’
