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Iberia: ‘market dislocation lifts value potential’ says DFI

Private equity property investor Deutsche Finance International is stepping up its presence in Spain by opening an office in Madrid and appointing Juan Gomez Vega, formerly of Neinor Homes and Lone Star, as investment director, southern Europe, to run the office.

DFI co-founder and co-managing partner Gavin Neilan said that Southern Europe is a primary investment market for the firm. “Having already assembled a significant portfolio in Spain and Portugal, we have a strong foundation to expand our activities across the region where we see significant value potential, which we believe will be amplified by market dislocation in the short to medium term.”

DFI’s recent Iberia deals include the acquisition of a portfolio of residential properties for rent across Spain, investment in residential developments on the Costa Del Sol and two office assets in the Lisbon CBD. DFI also invests in the Spanish residential rental market through the Elix Vintage Residencial Socimi.

Juan Gomez Vega, heading DFI Southern Europe.

Juan Gomez Vega has over 15 years of experience in real estate debt and equity investment and asset management across Europe, the US and South America. He was chief capital markets officer at Neinor Homes and was formerly a director at Lone Star Spain and chief executive of the company’s Vilamoura World, a major residential development opportunity in Portugal.

DFI, which has over €2.4 billion of assets under management, is independently managed by its founding partners and has offices in London, Munich, Madrid and Luxembourg. It is part of the Munich-headquartered Deutsche Finance Group which has over €6.5 billion of assets under management.

DFI closed its inaugural DFI European Value-Add Fund in July 2019 and raised approximately €800 million of equity.