Primonial REIM Announces The Creation Of Primonial REIM Spain And Appoints Its Manager

In the context of the continued international expansion of its activities, Primonial REIM, a key player in European real estate asset management, announced today the creation of Primonial REIM Spain and the appointment of Felipe Pérez Agustín 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 Pérez Agustín has been appointed as Head of Primonial REIM Spain, under the leadership of Laurent Fléchet, Chairman and CEO of Primonial REIM. He will be responsible for sourcing new real estate investments opportunities, and overseeing the Spanish current assets portfolio which represents more than 700M€, divided in different asset class (residential, healthcare, education, hotels).

Furthermore, Felipe 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, Felipe 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.

You can now read the full press release at the link below

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