GARBE expands into Spain and recruits Sven Schoel as Managing Director
News 01/02/2022
Madrid/Hamburg, 1st February 2022. GARBE continues its European expansion. In Spain, the company will invest in residential and logistics properties with a focus on the metropolitan areas of Madrid, Barcelona, Málaga and Valencia. Spain real estate expert Sven Schoel was appointed as Managing Director and Head of Spain for GARBE Industrial Real Estate and GARBE Institutional Capital. He is expected to establish and expand GARBE’s investment and project development business in the country. Schoel manages the new GARBE office in Madrid, where he will assemble a team of local experts.
Sven Schoel has more than 20 years of experience in the Spanish real estate industry. Over the past eight years he has built a residential and logistics real estate platform worth approximately 1.6 billion euros for AQ-Acentor, a subsidiary of investment manager Aquila Capital.
“By expanding into Spain, we are tapping into another core European market. The country is one of the largest economies in the region. Residential and logistic real estate in particular still provide great potential,” says Christopher Garbe, Managing Partner of GARBE. “We rely on our boots-on-the-ground approach. Local expertise allows us to create in-depth value and thus achieve a better risk-return profile for our investors.”
Sven Schoel says: “The Spanish real estate market has recovered significantly since the 2008 crisis. Madrid, Barcelona, Málaga and Valencia are interesting locations due to their international audience and robust economic framework. At the same time, the pricing level is very attractive in comparison to the rest of Europe. I really appreciate GARBE’s entrepreneurial approach which convinced me to join and I am looking forward to launch new projects with the team.”
GARBE has 16 locations across Europe including Germany, the Netherlands, France, Italy, the United Kingdom, the Czech Republic, Poland and Slovakia. As vertically integrated platforms, both GARBE Industrial Real Estate and GARBE Institutional Capital, provide a wide range of services such as investment management, portfolio management, asset management and property management.