Patrizia hires ex-KPMG real estate head to lead entry into Spain

German property company Patrizia Immobilien has hired Borja Goday to lead the group's expansion into the Iberian property market.

Augsburg-based Patrizia, which is already present in Scandinavia, France, the UK and the Netherlands, is believed to have been looking to enter Spain for the past 12 months. Goday has been hired as new country head responsible for Spain and Portugal. Based in Madrid, the 38-year-old manager took up his post on 1 April.

'At the moment, Spain is a very interesting market for us where we see excellent business opportunities in the area of maintenance and the management of rental apartments,' said Klaus Schmitt, member of the board at Patrizia.

Goday has over 15 years of experience in the real estate industry, in the areas of investment banking (M&A) at JP Morgan, residential and hotel project development at Sotogrande and NH Hotels Group, as well as private equity at O’Connor Capital Partners. Most recently, he was employed at KPMG as director and head of M&A Real Estate.