Applications are open - until the 12th of April - for the Iberian Property Investment Awards, which this year celebrate their second edition with pomp and circumstance in Madrid, where the winners will be revealed on June 25th.
The selection of finalists and winners will be solely in the hands of an independent panel of judges comprised of 40 leaders from the Iberian property sector.
Held annually, the Iberian Property Investment Awards are an initiative by Iberian Property and were created to promote diversity and excellence in the Iberian real estate investment market, highlighting the importance of transparency, innovation, sustainability and corporate social responsibility among best practices in the sector.
While 2023 may have been a year marked by a general European decrease in investment volume, the Iberian market has not stopped...important deals have been concluded, new projects have been launched, and the occupational figures across all segments have been quite positive!
Criteria for the applications
Although investment volume plays its part, there are many other factors that together make one transaction worth of the title “Deal of the Year”. Specifically, the jury will evaluate what type of innovation the deal brings, whether it can serve as a model for the future or not, and how does it affect the city and the community within which the asset is situated. Corporate structures used, tools to measure the lifecycle of the asset, and the visibility and interest generated in the market, are some of the other aspects to have into account.
In all other categories, completeness is key to convey an attractive application. Methodology used in the different initiatives, results obtained, innovative strategies related to macro trends, and contribution for the overall sector image are some of the valued common factors.
This holistic approach to sustainability, social impact, quality research, commercial leasing excellence, innovative marketing and creative financing solutions reflects a deep commitment to continuous improvement and excellence in the real estate sector, recognising and rewarding those efforts that have been made over the past year.
One fifth of the market represented in the 2023 edition
The response in the first edition was extremely positive, with some of the largest and most active investors taking part in a competition that contemplated investment operations carried out in 2022 and worth over €3.4 billion, of which €2.3 billion originated in Spain and the remaining €1.1 billion in Portugal. Considering that a total of €15.4 billion were invested in the Iberian market in 2022, approximately one fifth of this amount was represented by the candidates for the Iberian Property Investment Awards.
Last year Greystar and Merlin Properties won the awards for "Deal of the Year" in Spain and Portugal respectively, while Aedas Homes, Lar Espãna and Sonae Sierra were winners in the categories of “Green Asset Initiative”, “Social Initiative” and “Investor Reporting”. Expectations are running high for the 2024 edition!