Lucas Fox further strengthens Spain’s presence with opening of new offices and key appointments
Lucas Fox International Properties has further expanded its presence in Spain with the opening of new offices in three major Spanish cities, further reinforcing the company’s position as market leader in Spain’s luxury property sector. Offices in Madrid, Valencia and Seville have recently been established in response to growing interest from international and national investors in these areas.
Over the last 12 months, the company has also seen the number of its staff almost double, due to the growing number of enquiries from both buyers and sellers. Recent appointments include CBRE Spain’s former Residential Property Director Jordi Puig, who is heading up the Lucas Fox commercial property team as part of an ongoing strategy to further strengthen this sector.
Lucas Fox co-founder Alexander Vaughan comments:
“2014 has already been an exciting year for us with growing confidence in the Spanish property market leading to a busy start of the year in our existing offices. Along with Barcelona, Madrid, Valencia and Seville are key markets for international investors and also have strong national markets. I have no doubt that these markets will be increasingly active over the years to come. Key hires in our commercial property team will further improve our ability to offer boutique commercial and investment property consultancy to the growing numbers of international private equity and institutional investors looking to buy in Spain.”
Along with Barcelona, Madrid, Valencia and Seville were singled out by fDi intelligence – a division of the Financial Times – as ‘European cities of the future’ for 2014/15.
Director of the Madrid office Rod Jamieson comments:
“It is an exciting time for Madrid, this vibrant European city that never sleeps offers an excellent quality of life, beautiful architecture and a wide choice of gastronomy, entertainment and luxury boutiques. Madrid’s superb transport links allow easy access direct from most international cities and thanks to high speed trains, the Mediterranean coast is just an hour and a half away. We are seeing increasing numbers of investors turning to Madrid for investment opportunities with property prices down as much as 40% from 2007.”
Director of the Valencia office Juan Luis Herrero adds:
“We are very excited about being able to show off Valencia’s fantastic lifestyle and cultural attributes. Our new team in Valencia has a wealth of experience within the real estate sector and has an in-depth understanding of the local property market, enabling us to fully support our clients in the property process. We are all expecting a busy time ahead.”
Lucas Fox now has 10 offices in Spain with further Property Lounges for summer 2014 in the former Louis Vuitton store in Barcelona’s Zona Alta, the Calle Mayor in Sitges and in central Palma.