Pan-European retail property investment advisory firm Retail Partners Europe (RPE) has established a new team to focus on urban real estate in Spain’s principle cities.
The new department will be led by Nicolas Alvarez Pickman and Pablo Gomez de la Vega.
'The new team will greatly reinforce our position in the Spanish market,' said Steven Weaving, director and head of RPE Spain.
'Over the last 12-18 months, there has been an increased in international capital focusing not only on Madrid and Barcelona but also Spain’s other major cities such as Valencia, Malaga, Seville and Bilbao. The Spanish market is increasingly becoming more institutionalised throughout Spain,' Weaving added.
Prior to joining RPE, de la Vega worked for four years as the associate director in the agency team of Catella. 'We are very pleased to join a successful well-regarded investment advisory firm such as RPE and to be part of an exciting phase of growth of the platform in Spain,' he said.
Alvarez Pickman joins RPE from Andbank where he was responsible for acquisitions the Vesta Real Estate Fund which focused on urban real estate in Spain and Portugal. He has also worked in the capital markets team of Catella, KPMG and CBRE.
'We are seeing an important change in the sector and on a daily basis strong offers being made by international and national capital and I consider that RPE will provide me with the opportunity to advise the principal and important players in the current market,' Alvarez Pickman noted.
RPE was established in 2010 and has offices in London, Madrid, Lisbon and Paris. According to the firm, over past two years the company was involved in over €2bn of transactions in Spain and Portugal, including Spain’s and Portugal largest asset transactions of 2018.
