During the conference entitled “Is Spain the New Place to Invest?”, the speakers dissected the reasons why Spain today represents an opportunity for international investors, and the vision of the market in the coming years from the developer’s point of view was addressed.
About 300 people gathered at the Market Trends Room of the Palais des Festivals de Cannes to witness this new edition of the Spanish Conference, organized by Gesvalt, which had panelists with recognized professional background in the industry such as Spanish economist, Daniel Lacalle, Investment Commissioner of ThinkMadrid, Juan Velayos, CEO of Neinor Homes, Javier García del Rio, CEO of Solvia, Javier Rodríguez Heredia, Managing Partner of Azora Europe, Enrique Gracia, Director of Merlin Properties, Roger Pla, Senior Legal Advisor of Roca Junyent and Sandra Daza, Managing Director of Gesvalt.
The conference dealt with the present and future of the Spanish real estate market, drawing the main conclusion that our country continues to arouse international interest, being a good opportunity to invest due to the growth opportunities of returns and the improvement in macroeconomic data.
Sandra Daza, who opened the conference, addressed the current situation in our country. “Spain has the challenge of changing its economic model.” In her opinion, our country is “one of the most open European countries for international investment and at the moment it has the right conditions to receive that investment.”
Daniel Lacalle, who spoke about the appeal of Madrid for the international investor, said that the foreign investor is facing a fantastic opportunity to invest in our country, due – among other reasons- to the environment of political and economic stability we have achieved. On the other hand, Lacalle also commented on the positive effect expected as a result of the increase in office and residential rentals. One more reason for the investor’s interest.
Javier Rodríguez Heredia, of Hispania, spoke about the investment opportunities that alternative assets are generating, such as student residences, where the investment company is leader with 6,700 places and 25 residences.
Some of the outstanding corporate actions in the industry were discussed. In this regard, Juan Velayos, CEO of Neinor Homes, mentioned the IPO of the real estate developer. On the other hand, the future challenges that Servicers -such as Solvia- are facing were also addressed.
In addition to organizing the Spanish Conference, Gesvalt, through its CEO Germán Casaseca, Corporate Director of Development and Business, Luis Martin Guirado and Managing Director, Sandra Daza, participated in the organization and development of special events and networking meetings that took place at the Spanish Cluster (Madrid Stand), located in Riviera 9 (outside Riviera 8).