Walter de Luna Hires Aide From Sareb For Acciona Inmobiliaria

13/01/2015 – El Confidencial

Luis Moreno (pictured on the left) has been named the new Strategy Director for a new project at Acciona Inmobiliaria, a real estate arm of Acciona led by Walter de Luna. Mr De Luna (on the right) knows how important the year 2015 will be for the industry and therefore wants to be surrounded by trusted workers.

He became the Chief Executive Director of Acciona Inmobiliaria in September 2014. Few weeks later, Luis Moreno joined his team.

Both of the experts used to work soulder-to-shoulder for Sareb, the bad bank of Spain: Walter de Luna also as the CEO and Mr Moreno as the responsible for the Financial Assets. Both of them left from Sareb at the end of January due to the difference of opinion between them and the chairwoman of the entity, Belen Romana.

Five months later, the ex-executives set up a real estate consulting company called Iberian Real Estate Opportunities.

In September, Walter de Luna was asked to lead the real estate branch of Acciona. The executive has a wide, two-decade experience in the property sector, acquired in the fields of asset management, financing and investment. Prior to joining Sareb, he had been the director for ING Real Estate Finance for Spain and Portugal for twelve years. Besides, he worked for an almost decade for the Mondragon Corporacion Cooperativa group.

In turn, Luis Moreno’s resumé includes a post of the Restructuring Head at the Royal Bank of Scotland and the Chief of Risk Management at ABN Amro.

Acciona Inmobiliaria has managed to survive the real estate crash, even if its owners, the Entrecanales, considered selling it sometimes. Just a year ago, the family put it up for sale together with two other divisions, Bestinver and Transmediterranea.


Original article: El Confidencial (by R. Ugalde & E. Sanz)

Translation: AURA REE