IBA Capital Partners, Norfin, P3 Logistic Parks, CBRE, JLL and L’illa Diagonal were the winners of the 2026 edition of the Iberian Property Awards, revealed at a ceremony that took place this Tuesday evening in Madrid, gathering over 300 senior professionals, and which closed the agenda of the first day of the Spain Real Estate Summit on a high note.
Led by IBA Capital Partners, the acquisition of the Prado Urban Business Park, in Madrid, was elected as the Deal of the Year in Spain. Valued at around 300 million euros, it involved the purchase of a 60,000 sqm office complex in a strategic location in the Madrid market, occupied by top tenants including Amazon's headquarters and other Spanish institutional organizations. Due to its complexity and sophistication, where a series of bridge loans and back-to-back disposals arranged within a consortium of investors, the operation was also chosen by the jury as the Financial Innovation of the Year. The awards were collected by Jesús Valderrama and Thierry Julienne, Co-Founders of IBA Capital Partners, who were accompanied on stage by Martin Fauchille, representing Batipart, one of the investors with whom they co-invested in this transaction, and Esther Escapa, who represented the seller, AXA Investment Managers.
In Portugal, the spotlight was on Norfin, which won the Deal of the Year in Portugal award for its acquisition of Tróia Resort. This is an ambitious property development comprising hotels, holiday apartments, a marina, a golf course and leisure facilities, and was recognised by the jury for its scale, complexity and contribution to positioning Portugal as a high value-added property investment destination. The award was collected by Francisco Sottomayor, CEO of Norfin.
At a time when ESG continues to dominate the concerns of industry leaders, the jury distinguished the P3 Abrera project, by P3 Logistic Parks, as the Green Asset Initiative of the Year. At stake is the rehabilitation of a logistics complex in Catalonia which achieved BREEAM Outstanding certification and a 100% reduction in energy consumption; with the award being received by Javier Merida, Managing Director at Spain.
The award for Social Impact Initiative of the Year went to CBRE for its “Bring it to Light” project, a health awareness campaign running in over 40 shopping centres across Spain and Portugal. The award was accepted on behalf of the company by Nuno Moura, Marketing & Brand Events – Property Management Director for Iberia, and Greg Crespo, Head of Marketing Retail – Property Management.
CBRE added a second coronation this evening, also winning the award for Research Report of the Year with its Iberian Agribusiness report: an investment framework, detailing how exposure to land, crops, operations or integrated platforms influences risk, yield stability and operational complexity. The award was received by Miriam Goicoechea, Head of Research at CBRE Iberia.
The Commercial Leasing of the Year award went to JLL for the lease of the Oriente Green Campus building in Lisbon, considered the largest office lease recorded in Portugal during the 2025 year - a transaction that reinforces the strength of the high-quality office segment, with properties that are well-located and aligned with new sustainability standards. Bernardo Vasconcelos, Head of Office Leasing at JLL Portugal, accepted the award on behalf of the company.
In the Marketing Initiative of the Year category, the jury recognised L’Illa Diagonal for its “Reopening the Shopping Centre” initiative, an ambitious strategy developed following a €32 million refurbishment. The project culminated in a communications campaign and a local cultural celebration that generated significant commercial results and notable visibility across the city. The award was collected by Gerard Cutal, director of the L’Illa Diagonal shopping centre.
Celebrating its forth edition, the awards promoted by Iberian Property again received around 50 applications, coming from a wide range of industry players – Asset Managers, Investment Funds, SOCIMIs, Insurance Companies, Developers, among others.
With 6 nationalities represented, the projects submitted total over €2 billion in value – an impressive snapshot of 2025’s real estate activity.
The decision process is in the hands of an independent esteemed jury of 52 top professionals, senior representatives from both Spain and Portugal, whose integrity and dedication ensure the credibility of these awards.
Each year, as a closing moment to this evening, Iberian Property presents a special recognition. This is not part of the Investment Awards, but a personal tribute to individuals who have made an outstanding contribution to the development of the real estate sector in Spain and Portugal, particularly in attracting international investment.
The four individuals recognised are all well-known names in the sector. As CEOs of leading international real estate consultancies in Spain, they played a decisive role in professionalising the market, aligning it with international standards, and placing the country firmly on the radar of global investors.
The 2026 Special recognition was awarded to Francis Pons, Stephen Newman, Benoît du Passage and Roger Cooke.
