15 April 2015 – Expansión
Mazabi Gestión de Patrimonios, the Spanish group that manages more than €650 million of real estate assets (on behalf) of several large wealthy Spanish investors, is strengthening its team at a time that it considers is “optimal for investing in the real estate sector in Spain”. It has just recruited Jamie Pazos from Grosvenor Fund Management, as (its new) Director of Real Estate Projects. The executive has more than 12 years experience in the sector.
Alongside him, Marta Tenorio, who was previously a senior auditor at Deloitte, will be the Head of Financial Control for Mazabi’s projects.
The company is planning to invest around €300 million in real estate projects in Spain during 2015, together with its domestic and international partners. The firm is focusing on shops and offices in the major cities around the country, as well as on the hotel sector.
Mazabi recently launched an investment club with Citi, comprising HNWIs from around the world – mostly of Latin American and Middle East origin – to invest at least €200 million, which could amount to up to €400 million with leverage, in Spanish property over the next three years.
Original story: Expansión (by A. Antón)
Translation: Carmel Drake