Primonial REIM has announced the creation of Primonial REIM Spain and the appointment of Felipe Pe´rez Agusti´n as head of its Madrid office.
As part of its ongoing development strategy to widen its coverage of international markets, Primonial REIM has created a new entity, Primonial REIM Spain. Its office located in Madrid is now the seventh office for the Primonial REIM’s real estate platform, with teams already present in France, Germany, Italy, Luxembourg, UK and Singapore.
Felipe Pe´rez Agusti´n will be responsible for sourcing new real estate investments opportunities, and overseeing the Spanish current assets portfolio which represents more than €700 mln, divided in different asset class (residential, healthcare, education, hotels).
Furthermore, he will be in charge of raising equity from Spanish institutional investors for Primonial REIM’s pan European funds, by capitalising the real estate platform synergies.
Additionally, he will continue to establish local strategic partnerships and strengthen those Primonial REIM already has, such as the Joint Venture maintained with Grupo Lar since 2020 for the development of a residential platform with 5 000 'Build-to-Rent' units in Spain. Grupo Lar is a major Spanish property developer specialized in all real estate sectors.
Felipe Pe´rez Agusti´n was previously head of Asset Management for Spain and Portugal at Icade Sante´ Group, the healthcare arm of French listed group Icade.
He began his career in 2013 as a Technical Asset manager in the infrastructure department of Quironsalud Group. In 2015, he joined Savills, as technical manager to manage a portfolio of commercial and hotel assets. He was in charge of developing the healthcare department of Savills dedicated to the acquisition of healthcare facilities and advising operators and specialized investors.
Laurent Fle´chet, Chairman and CEO of Primonial REIM, said: 'We are delighted to officially open our new Madrid office and welcome Felipe Pe´rez Agusti´n to Primonial REIM. This shows Primonial REIM’s ability to pursue its European development strategy in a challenging macro-economic environment.'
