London-based real estate investment management firm Rockspring Property Investment Managers has moved a director up to fill the recently-vacated managing director role in its Iberia office, the firm told PERE.
John Thompson was promoted to managing director of the office, which oversees the firm’s Spanish and Portuguese transaction and asset management activities. He joined as a director in 2006. Before his time at Rockspring, Thompson was the head of Spain investment for property consultancy King Sturge, which merged with global peer JLL in 2011.
James Preston previously held the managing director role from March 2005 to this month, according to his LinkedIn profile. He started working for the firm part-time in 2013 and has now stepped down to pursue other, unspecified business activities.
“James and John and the rest of the Rockspring Iberia team have done a terrific job in an important market for Rockspring over many years now,” Edmund Craston, a Rockspring managing director, said. “We are delighted that John has been able to take over seamlessly the leadership role for our business in the region and we look forward to continuing our successful investment activity there.”
Rockspring Iberia currently manages a portfolio of €400 million in Spain and Portugal invested across all property types. The firm has been active in the region since 1991.
“We are very grateful to James for his considerable contribution to the development of Rockspring Iberia’s business over the last decade and we wish him great success in his new ventures,” Thompson said. “These are exciting times both for Spain itself – which politically and economically finds itself on stable ground once again following a period of uncertainty – and for Rockspring’s business here which continues to expand and to diversify.”
The firm was founded in 1984 and managed €8 billion in assets as of December.