BlackRock announces creation of Spanish real estate team

BlackRock has expanded its European real estate platform with the creation of a new Spanish real estate team based in Madrid.

The team will be led by Adolfo Favieres as managing director, real estate equity country head, Spain, and Jesús Moler as vice president. The pair, which join BlackRock from Neberu Capital Partners, an investment management firm focused on the Iberian hotel and real estate market, have more than 30 years of experience in the real estate sector, as well as extensive networks in the market. They will focus on high-growth assets across various real estate sectors.

Favieres most recently served as managing partner of Neberu Capital Partners and was managing director and country head for Barings before that. He has closed more than 50 transactions across a wide range of asset classes, including offices, retail, logistics, hotels, residential and PBSA. Moler previously was investment director at Neberu Capital Partners and has worked at Barings, IBA C