Management team

Axiare Patrimonio is an internally managed real estate investment company whose management team forms an integral part of its organisational structure.

The in-house team works exclusively and solely for the company and its shareholders. It is comprised of specialist professionals with extensive and established track-records in the real estate sector, who have an in-depth knowledge of the market. This expert team of professionals is capable of tackling complex investment transactions in short periods of time and actively oversees the entire value-creation process: from the initial identification of the investment, through the active management and to the potential rotation of the property.

The company is supervised by a Board of Directors.


Axiare Patrimonio has brought together a solid team of professionals, with over 100 years of aggregated professional experience in the real estate sector


MANAGEMENT TEAM

Luis López de Herrera-Oria, FRICS

CEO



Luis Alfonso López de Herrera-Oria has more than 25 years of experience in the real estate sector. He was
Director of Prima Inmobiliaria, S.A. (currently Testa Inmuebles en Renta, S.A) from 1986 to 2002. Over this
period of time Prima was admitted to trading on the Madrid Stock Exchange (1988) and in 1990 became the
largest real estate company in Spain. Subsequently, Luis López de Herrera-Oria founded Rodex in 2002 with
a small team of former members of Prima Inmobiliaria (currently Testa). In 2007 Rodex’s core business line
was transferred to Alza Real Estate, S.A., which up until recently López de Herrera-Oria was CEO until Axiare
Patrimonio was incorporated, he remains a Non-Executive Director at the company. Luis Alfonso López
de Herrera-Oria is also an independent advisor at funds such as, Falcon II Real Estate, founded by Morgan
Stanley and CBRE and iAdvise Partners EAFI, S.L. He is a fellow member of the Royal Institution of Chartered
Surveyors.Subsequently, López de Herrera-Oria founded Rodex in 2002. In 2007, the company’s main line of business was transferred to Alza Real Estate, where he held the position of Chief Executive and currently remains as an independent non-executive Board member. In mid 2014, López de Herrera-Oria established Axiare Patrimonio with the help of part of the team which worked at Prima Inmobiliaria (currently Testa) where he is Chief Executive and executive Vice-chair to the company’s Board of Directors. He is also an independent Board member on investment funds such as Falcon II Real Estate, set up by Morgan Stanley and CBRE, as well as a Board member of iAdvise Partners EAFI. He holds a degree in Economic Sciences by the Universidad Complutense of Madrid and is a Fellow member of the Royal Institution of Chartered Surveyors (FRICS).

Guillermo Fernández-Cuesta Laborde, MRICS

Real Estate Director and Deputy to the CEO



With 18 years of experience in the real estate sector, Guillermo Fernández-Cuesta began his professional
career in London, working as an analyst at Hillier Parker (currently CBRE), from 1999 to 2001. Once in Spain, he
then went on to work at Prima Inmobiliaria in 2001, as a Real Estate Manager. In 2004, he became Director of
Property Management at Rodex asset management, which transferred its core business line to Alza Real Estate,
S.A. In 2007, then as a member of Alza, he held the position of Director of Real Estate Investments and Deputy
to the CEO. Guillermo graduated in Business Administration, majoring in Finance from the Universidad de Alcalá de Henares of Madrid. He also holds a degree in Business Administration, majoring in International Commerce from the London South Bank University. He also holds a Master’s in Real Estate Management from the London South Bank University. Guillermo is a member of the Royal Institution of Chartered Surveyors (RICS).

Stuart William McDonald, MRICS

Real Estate Director



Stuart’s professional career spans more than 20 years in the real estate industry. He began his career in the
real estate sector in 1993, as a Valuation Executive at the UK’s Valuation Office Agency (VOA), where he
worked for 5 years. From 1998 to 2002 he was Associate Director at Knight Frank in Madrid and from 2002
to 2005 he was the real estate director at Testa. He then went on to join Hines in 2005 as Investment and
Acquisition Director until he joined Axiare Patrimonio as Real Estate Director. Stuart W. McDonald holds a
Modern Languages B.A. from the University of Exeter (UK) and holds a postgraduate degree in Real Estate
Management and Valuation from the Sheffield Hallam University (UK). He is certified by the RICS Assessment
of Professional Competence Exam. He is a member of the Royal Institution of Chartered Surveyors in the
United Kingdom since 1996. He is also a board member of the Royal Institution of Chartered Surveyors in Spain.

Fernando Arenas Liñán

Real Estate Director



Fernando has more than 25 years of experience in the real estate sector. From 1990 to 1995 he was Director
of the Agency Department at Richard Ellis (currently CBRE). Between 1995 and 1998 he worked at the
Distressed Real Estate (REOs) division of the Banco Santander Group. From 1998 to 2002 he was Real Estate
Director at Prima (currently Testa) and from 2002 to 2004 he was Acquisitions Director at Tishman Speyer
Properties España, S.L. Between 2004 and 2012 he formed part of Hines Interests España Investments,
S.L. and was its Managing Director starting in 2009. In 2013 Arenas Liñán coordinated several of SAREB’s
portfolios at CBRE and from Autumn 2013, he was Investment Director at Talus Real Estate until he joined
Axiare Patrimonio. He holds a degree in Law from the Universidad Autónoma of Madrid and an MBA from the
Madrid Business School and the University of Houston.Testa) and from 2002 to 2004 he was Acquisitions Director at Tishman Speyer Properties España, S.L. Between 2004 and 2012 he formed part of Hines Interests España Investments, S.L. and was its Managing Director starting in 2009. In 2013 Arenas Liñán coordinated several of SAREB’s portfolios at CBRE and from Autumn 2013, he was Investment Director at Talus Real Estate until he joined Axiare Patrimonio in June 2014. He holds a degree in Law from the Universidad Autónoma of Madrid and an MBA from the Madrid Business School and the University of Houston.

Fabio Alen Viani, MRICS

Real Estate Director



After beginning his career in the finance sector, where he held the position of Investment Manager at various
banks, such as Safei, Inversis and Lloyds Bank, in 2007 he joined Hines as a Real Estate Investments and
Acquisitions Analyst, where he subsequently went on to hold the position of Associate up until 2014, when
he then joined Rodex Asset Management as Real Estate Director. Fabio Alen holds a degree in Business
Administration from Madrid’s Universidad Complutense, specialising in Finance, he is also a Certified
European Financial Analyst, member of the European Federation of Financial Analysts Societies and member
of the Royal Institution of Chartered Surveyors (RICS).

Chony Martín Vicente-Mazariegos, MRICS

CFO / COO



Chony Martín has an extensive track-record of more than 20 years in the real estate sector. Prior to joining
Axiare Patrimonio, Chony Martín worked as Chief Financial Officer of the Spanish, Portuguese and Italian
Branch of Redevco – a Dutch company that manages a €7 billion European portfolio. Prior to this, she
worked at Testa Inmuebles en Renta and Prima Inmobiliaria, returning to again form part of Luis López
de Herrera-Oria’s team. She holds a degree in Business Administration and Economic Sciences from the
Universidad Complutense and has also studied different management programmes at IESE, ESADE and IMD.
She is a member of the Royal Institution of Chartered Surveyors (RICS).

Débora Santamaría, MRICS

Financial Director



With more than 15 years of experience, Debora Santamaria brings its own expertise to the Real Estate sector
in the field of auditing and consulting. She began her career in KPMG from 2002 to 2008 and subsequently
in PwC until 2014 when she joined the Axiare Patrimonio team. Extensive experience in the audit of major
listed groups, company appraisals and due diligence, in companies such as Iberdrola Inmobiliaria, Alza
Real Estate, Metrovacesa and Acciona, among others. She holds a Degree in Business Administration from
Alicante’s University, specialized in Financial Management and is Chartered Accountant and Auditor inscribed
in the Official Registry of Accounting Auditors (ROAC) and member of the Royal Institution of Chartered
Surveyors (RICS) since 2016.Extensive experience in the audit of major listed groups, company appraisals and due diligence, in companies such as Iberdrola Inmobiliaria, Alza Real Estate, Metrovacesa and Acciona, among others. She holds a Degree in Business Administration from Alicante’s University, specialized in Financial Management and is Chartered Accountant and Auditor inscribed in the Official Registry of Accounting Auditors (ROAC).

Carmen Boyero-Klossner, MBA, CFA

Investors Relations Officer



Ms. Boyero-Klossner brings over 16-year of international business experience with expertise in investment
banking and corporate development. Prior to joining Axiare, she has worked as Senior Analyst with lead
coverage in a top-ranked equity research team, with market cap under coverage in excess of $200bn, at
Lehman Brothers and then Nomura in London. Prior to that, she worked as Strategy Manager at Swisscom,
the largest telecom operator in Switzerland. Carmen holds a MSc. in Telecommunications Engineering from
Polytechnic University of Madrid and a MBA from London Business School. She is a Chartered Financial
Analyst (CFA), and member of the CFA Institute.