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Private equity firm Cogress has launched its Spanish operation

Cogress, the London-based private equity platform for property investors, has launched its new Spanish arm this week as it looks to open up opportunities in the Spanish property market for investors.

The service, which puts developers in touch with fully vetted international investors, is looking to capitalise on Spain’s rebounding economy, which is currently one of the fastest growing in the Eurozone, in the first step of its wider European expansion plans.

Low interest rates combined with superior financing terms and conditions have helped to fuel a resurgence in the Spanish property market in recent years, while recent tax incentives set up by the Spanish government have made the country a more enticing proposition for international businesses.

Heading up Cogress Spain will be local partner Diego Gormaz, along Mercedes Maza and Jack Sundt, who collectively boast more than 60 years of combined experience in Private Equity, Investment Banking, Capital Markets and Real Estate Investments.

Gormaz said he was confident that Cogress’ successful business model would prove a success in Spain.

He said: “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.”

Tal Orly, Founder of Cogress, added: “Cogress’ 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.”

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