M7 Real Estate expands into Spain and appoints Alvaro Arteaga Biforcos as managing director

M7 Real Estate has expanded into Spain, opening its first office in Madrid and appointing Alvaro Arteaga Biforcos as managing director, Spain. The opening expands M7’s network to 16 offices operating across 14 countries in Europe.

Biforcos, who will be responsible for leading new business initiatives in Spain on behalf of M7, has 18 years’ experience in real estate, most recently working for a pan-European family office as country manager for Spain.  Prior to this, he worked for Pincasa, a residential and industrial developer, and Aktua-Intrum, where he managed a tertiary portfolio.

Biforcos began his career at PwC and has also worked at Grupo Lar Grosvenor, setting up the firm’s industrial department and overseeing the development of seven industrial business parks with a total turnover of €100 million ($111 million).  Following this he also became responsible for the Grupo Lar’s office business unit.

David Ebbrell, chief executive of M7, commented,