The event takes place at a time when the real estate sector is one of the most sought after by investors all over the world, with the REIT regime being the most transparent vehicle for real estate investment in the Iberian Peninsula, now that Portugal has joined Spain as a member of the European REIT club. To know some of the best practices of the European real estate companies and its potential in Spain and Portugal are some of the goals at this Iberian REIT Conference.
According to Dominique Moerenhout, EPRA’s CEO, «the success of the REIT regulation in Spain, which is the most successful I know, is a clear example of what will be happening in Portugal, a country with a market very similar to the Spanish market. The regulation has also allowed the recovery of a real estate sector, which is currently creating jobs in Europe and which is expanding once more».
Another goal for this Iberian meeting is to analyze the Spanish real estate market evolution in the last few years, and what role was played by the REITs as first class vehicles and foreign investment recipients. Besides analyzing the impact the approval of the REIT regime in Portugal might have, the attendees will analyze the rights and wrongs of the Spanish regulation so that the Portuguese REITs can avoid the errors which may have been commited in Spain.
The meeting is expected to largely surpass the 200 participants, between speakers and attendees, who attended the first edition of the Iberian REIT Conference in Madrid, a city which will also host in mid September EPRA’s RE-think Conference.
New markets who benefit everyone
EPRA, considers the coming Portuguese REIT regulation a boost to the country’s economic recovery, similar to what happened in Spain. It is a different scenario with two markets, the Spanish and the Portuguese, sparking enormous interest from foreign investors. The future is expected to be bright for both countries, since the most likely is that there will be new opportunities and benefits for the Iberian real estate market.
For Moerenhout, the appearance of new REIT regulated markets attracts more investors when the legislation is equivalent to that of other countries since it allows them to operate in a wider European context.
In this international conference, Dominique Moerenhout, EPRA’s CEO, Antonio Gil Machado, director at Iberian Property, Frèdéric Mangeant, BNP Paribas Spain’s CEO, Ismael Clemente, Merlin Properties’ CEO, Pol Robert Tansens from BNP Paribas and Lar España’s CEO, Miguel Pereda, as well as Juan Manuel Ortega, representing Colonial will be speaking among other institutional analysts and investors.