Spain

Assets transitioning: more than a fresh paint job

Assets transitioning: more than a fresh paint job

On the 25th and 26th of June, the Spain Real Estate Summit comes to Madrid, taking place at La Finca the UZalacaín space, to debate the attractiveness of Spain as an investment destination, and where the main opportunities may be for the future.

In the dynamic world of real estate, asset transition, repurposing and upgrading existing obsolete buildings are imperative to stay ahead in the market.

The conversion of these underused buildings is emerging as a response to challenges such as land scarcity and housing demand, as well as the search for a more sustainable building stock. This trend has led to the transformation of these buildings into more competitive assets, revitalising the areas in which they are located.

But what does transitioning really mean and what are its objectives? Is it an investment or a cost?

To debate the skillsets required and what benefits does transitioning bring to an asset, James MacNamara, Head of Operating Strategies, Schroders, Riccardo Dallolio, Managing Director & Head of the H.I.G Real Estate Funds in Europe, and Cristina García-Peri, Managing Director & Partner, Azora, will share the stage on the second day of the Spain Real Estate Summit. This roundtable discussion will be moderated by Richard Betts, Co-Founder and Head of Content of Real Asset Media.

The Speakers expertise: leading investment firms

Schroders is a global investment manager responsible for €866.2 billion of assets under management, with over 200 years of expertise, and more than 6.000 people based in 38 locations around the world. With an active and local management approach, their investment solutions span both public and private markets.

H.I.G. Capital is a leading global alternative investment firm with $62 billion of equity capital under management, with a focus on the mid cap segment of the market. The H.I.G. family of funds includes private equity, growth equity, real estate, direct lending, infrastructure, special situations debt, and biohealth.

Azora is one of the largest independent investment managers in Southern Europe specializing on real assets. Founded in 2003, Azora currently has around €9.4 billion of asset under management. The Spanish company manages the complete investment cycle, from acquisition, restructuring, management, repositioning and eventually the sale of the assets.

A 2-day intense conference

The SPAIN REAL ESTATE SUMMIT, which is organised in collaboration with CBRE and JLL, comes at a crucial time and in a challenging environment, influenced by the geopolitical situation, and will be a unique initiative for a deep collective reflection by leaders in analysis and opinion and references in the world of economics and investment in the real estate sector.

The macroeconomic situation, the reconversion of assets, new financing models, the production of a greater volume of affordable housing or the effect that new technologies and the deployment of AI have on the real estate sector will be some of the issues to be debated.

The SPAIN REAL ESTATE SUMMIT will also feature parallel sessions to generate maximum interaction between participants, which will cover complementary topics such as investment in retail, hotels, logistics and data centres, allowing investors to take an active part in the debate by expressing their concerns and expectations.

This Iberian Property event is set to be an essential platform for the discussion of the current and future dynamics of the real estate market in Spain. By bringing together opinion leaders, economic experts and investors, the event aims to foster collective reflection and the identification of innovative solutions to market challenges. A true catalyst for growth and adaptation of the sector in a constantly changing economic and technological environment.

The SPAIN REAL ESTATE SUMMIT will not only be a reflection of the dynamism of the Spanish real estate market, but also an opportunity to influence and form part of its future. A vital meeting point for sharing knowledge, driving innovation and forging new alliances in the sector.

For more details about the SPAIN REAL ESTATE SUMMIT and how to participate, please click HERE.

IBERIAN PROPERTY INVESTMENT AWARDS 

At the SPAIN REAL ESTATE SUMMIT, on 25 June, the winners of the IBERIAN PROPERTY INVESTMENT AWARDS 2024 will be announced, a high point for the Iberian investment sector in which, after the analysis of a large jury of more than 40 prestigious professionals, the main transactions will be awarded and the best practices of the sector in Spain and Portugal during 2023 will be recognised.

For more details about the IBERIAN PROPERTY INVESTMENT AWARDS, please click HERE.

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