The Outlet Pioneer and Founder of Neinver, José María Losantos, Dies Aged 84

23 March 2020 – Brainsre.news

José María Losantos, founder of Neinver, the pioneering promoter of outlet shopping centres, has died at the age of 84 from respiratory complications.

The executive, who was born in 1936, teamed up with his brother to create Neinver, a pioneering real estate company that has formed alliances with several large international funds. It was also the first firm to introduce the concept of discounted shopping centres (outlets) to Spain. For this, Losantos patented a registered trademark, which has yielded plenty of income over the years. In addition, he promoted several office complexes and buildings with the company.

Fernando Martín, hospitalised

The coronavirus pandemic has also affected another stalwart of the sector. The businessman from Valladolid, Fernando Martín, President and largest shareholder of the real estate company Martinsa Fadesa, until its liquidation. The 72-year old has been admitted to the Intensive Care Unit (ICU) of the Puerta de Hierro Hospital in Madrid suffering from coronavirus.

Original Story: Brainsre.news

Translation/Summary: Carmel Drake

129