Alantra hires former Neinor CEO to boost real estate activity

June 24, 2019
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This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

Alantra makes a star signing in the real estate world. The financial firm has joined Juan Velayos, until two months ago CEO of Neinor Homes, as a managing partner, with the aim of creating a new real estate asset management business both in Spain and abroad.

Velayos is one of the leaders in the new real estate cycle in Spain in recent years. In 2015, the American fund Lone Star chose him to lead Neinor Homes after buying the promoter from Kutxabank. It was this director who commanded the bet of a new saga of companies that returned to construction after years of stoppage in the sector and led the company's IPO in 2017, the first promoter that achieved it in a decade and that opened the door to the subsequent incorporations of Aedas Homes and Metrovacesa.

In Alantra, Velayos assumes the command of a new plot and should promote "the development of real estate area," as indicated by the entity. Although the details of the project will be known in the coming weeks, the newly appointed executive will be in charge of leading a real estate asset management area, both in Spain and in other geographies. This will involve the creation of investment vehicles, raising funds, investment in real estate and property management, similar to large international firms such as Blackstone, Brookfield and Cerberus or national companies such as Meridia Capital or Drago.

"I am delighted to be able to join Alantra," says Velayos. "I am convinced that I will be able to support the company in its objective of expansion in the real estate sector."

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

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