Real estate is the long-term investment, with the best return on adjusted risk, allowing inflation coverage for main institutional investors. The listed real estate companies – REIT’s – are the most transparent and sustainable to make the most from the real estate market momentum!

EPRA – European Public Real Estate Association and IBERIAN PROPERTY are pleased to present for the third time in Madrid an in depth debate directed towards the national and international investment community.

The most transparent way to invest in the Iberian real estate sector

The European listed real estate market is a highly regulated tool to promote long term Investment. The REIT / SOCIMI regime is the most transparent vehicle for real estate Investment in Spain, and Portugal is now a new member of the European REIT Club.

Iberian REIT´s, a reality in Spain, an opportunity for Portugal!



09:00 - Registration of participants

09:30 - Welcome

EPRA & Iberian Property Welcome 


09:45 - Why Iberia, Why Real Estate, Why REIT’s?

Spain and Portugal outperformed over last 10 years, boosting real estate markets and investment volumes, across all market segments. REIT’s after a successful story in Spain are now debuting in Portugal.

Why Iberia? Why Real Estate?

  • Ignacio Martínez-Avial, General Manager, BNP Paribas Real Estate Spain

Why REIT´s?

  • Dominique Moerenhout, CEO, EPRA

Round table discussion: Moderated by António Gil Machado, Director, Iberian Property

  • Pere Viñolas, CEO, Colonial
  • Miguel Pereda, Lar España Board Director & CEO Grupo LAR
  • Ismael Clemente, CEO, Merlin Properties

11:00 - Networking coffee break sponsored by Regus

11:30 - Are REIT’s the best alternative for long term investors?

SIGI’s and SOCIMI’s offer today a common investment platform and an excellent alternative for long term investors, such as insurance companies and pension funds. New Solvency II rules mean a new potential for attracting insurers. In a low interest rate climate, real estate offers an unmatched advantage protecting against long term depreciation!

SOCIMI’s vs SIGI, find the differences!

  • Pablo Serrano, Partner, Clifford Chance
  • Paulo Núncio, Partner, Morais Leitão

What Solvency II means for Insurance Companies?

  • Tobias Steinmann, Director Public Affairs, EPRA

Round table discussion: Moderated by Roger Cooke, Chairman – Editorial Council, Iberian Property

  • José Luis Jiménez Guajardo-Fajardo, Chief Investment Officer, Mapfre
  • Andrés González de Cominges, Managing Director & Head of SCIB Market Sales Iberia, Santander Corporate & Investment Banking
  • Gilles Emond, Head of Real Estate, Ageas Portugal Insurance
  • Manuel Puerta da Costa, Board Member, APFIPP - Portuguese Association of Investment Funds, Pension Funds and Asset Management

12:45 - What does ESG mean for REIT’s – A compromise with the society

Environment, Social & Governance (ESG) are today key topics for REIT’s! What are the key issues under discussion and what impact does it have on long term returns for investors?

What does ESG mean for REITs?

  • Hassan Sabir, Finance & Sustainability Director, EPRA

The impact of ESG on real estate returns?

  • Juan Carlos Calderón Castro, Executive Director, MSCI

Round table discussion: Moderated by Roger Cooke, Chairman – Editorial Council, Iberian Property

  • Jon Armentia, Corporate Director & CFO, Lar España
  • Jesús López Zaballos, Chairman, EFFAS
  • Manuel García Casas, RSC Director, Merlin Properties
  • Carmina Ganyet Cirera, Directora General Coporativa, Colonial


Free time for lunch, not included 

15:00 - EPRA WORKSHOP -"New NAV & BPR Guidelines Update"

Find out more about the important changes to EPRA's BPR guidelines. Join us to find out the latest updates to the EPRA NAV metrics and CapEx disclosure and how these will impact companies' reporting.

  • Opening remarks – Hassan Sabir, EPRA Finance & Sustainability Director
  • BPR Awards update – Ana Torrens, Deloitte Partner
  • New EPRA BPR Guidelines overview (Oct. 2019 - NAV & CapEx update) – Hassan Sabir, EPRA Finance & Sustainability Director & Anastasios Mitsios, Financial Reporting & Accounting Manager
  •  Iberian Property update – Joaquin Linares – Deloitte Partner
  • EPRA BPR Q&A session (questions to be sent beforehand) EPRA Finance & Deloitte Partners

16:15 - Coffee & Networking

17:00 - EPRA Workshop END



Plaza de las Cortes, 7

28014 Madrid

TEL: +34 913 60 80 00


This luxury hotel is located in the heart of Madrid, within the Art Triangle. The Parliament is across the road, and the Royal Palace and Opera House within walking distance.

The Westin Palace offers elegant facilities only 300 m from the Prado, Thyssen and Reina Sofia Museums.

The hotel is famous for its beautiful stained-glass dome. Here a fantastic buffet breakfast with music is served.

Rooms at the Palace are elegant and modern. They have the award-winning Westin Heavenly Bed and Heavenly Bath. There is also antique furniture and an internet television.

Cocktails, coffees and aperitifs are offered in the Palace Bar, under the dome. Offering live music, the bar was made famous by Ernest Hemingway in his novel The Sun Also Rises.



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