Cogress Spain will be led by local partner Diego Gormaz, alongside Mercedes Maza and Jack Sundt, who – having worked for Citibank, Morgan Stanley, Banesto and Lehman Brothers, among other financial institutions – have more than 60 years of combined experience in private equity, investment banking, capital markets and real estate investments.
The company has appointed Spanish law firm Ramón y Cajal among its local professional network to support Spanish transactions.
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Tal Orly, founder of Cogress, said: “Cogress’s commitment to making property investment accessible and transparent coupled with the vibrant and growing Spanish market, is a proposition which is set to unlock great opportunities for our network of qualified investors.
“I’m really excited about this new venture and looking forward to introducing this pioneering investment model to both new investors and developers.”
Diego said: “After seeing the impressive achievements of Cogress’s business model in the UK, I’m certain we’ll be able to replicate this success here in Spain.
“The Spanish property market is growing very rapidly, thanks to both domestic and foreign demand.
“With the overall property market having expanded 14.4% in Q1 this year, Spain, and particularly Madrid, offers some of the most attractive investment opportunities in Europe.”
Cogress currently has 40 projects in the UK with a gross development value of over £800m.