El Corte Inglés has decided to take another step in the real estate business. The distribution group has created a business unit specialized in the promotion, construction and management of real estate assets that will be called El Corte Inglés Real Estate.
Specifically, it will integrate all areas of the group related to real estate activity and will take advantage of the experience of its construction, architecture, engineering, projects and works, interior design and decoration teams, among others.
El Corte Inglés is one of the companies with the greatest real estate assets in Spain and also has extensive experience in the development and construction of real estate projects, mainly shopping centres, but also other types of assets developed for third parties.
So it will group all areas of the group linked to this activity and merge it into three divisions: Works and Constructions, which has architects and engineers specialized in the construction of shopping centres; Exploitation and Management of Real Estate Assets and El Corte Inglés Empresas, which is aimed at external clients specialized in the creation and renovation of hotels and offices.
At the head of this new business unit, Javier Catena will be the first executive, who joined the group in March and has extensive experience in the real estate market.