Creating investment opportunities.

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Impar Capital Asset Management SGEIC, S.A. is a closed-end collective investment management company registered with the CNMV under number 192. Its purpose is the administration, representation and management of investments through the constitution of investment vehicles (SICC or FICC). The SICC or FICC will invest their capital in real estate companies whose purpose is the promotion/development and/or rehabilitation of projects in Spain.

The founding group of IMPAR CAPITAL comprises professionals with extensive experience in the management of investments related to the financial and insurance sectors and vast experience in the integral management of real estate projects in Spain.

Investments are in the capable hands of experts….

Our Mission

To provide investment management and advisory services, seeking to maximize the profitability of our clients in a moderate risk investment environment in real estate development projects, with the conviction that responsibility, honesty, and commitment are our three pillars to guarantee the best service.

Our Vision

To be a benchmark in investments and advisory services through personalized support and technological platforms to add value to management and facilitate communication with our investors and thus contribute to the economic development of the country’s real estate sector by facilitating access to representative investment projects.

Investment principles



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We invest in projects with great commercial potential in merged/consolidated areas. We have a Value Add investment profile, so we seek to invest in assets that can generate added value through design and repositioning, always optimizing costs at all stages of the project.



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Entering each project with care of having a safety margin on each investment. To find assets in consolidated areas and with prices below market value, so that with its repositioning and management through our know-how, operations and market reach, we can generate value and additional profit in the disinvestment.



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We are committed to the modernization of our cities and technological progress in the world. We also believe that environmental and sustainability conditions are becoming the third dimension of the investment branch.

Managed Projects


Alfredo Calzadilla


Roberto Perri Aristeguieta


Morris Senior

Board Member

Damie Antoun

Board Member

Marco Zarikian

Board Member


Roberto Perri Aristeguieta


Carmen Panadero

Managing Director Impar Capital Asset Management

Javier del Villar

Business Development Director

Jaime Gómez-Sotillo

Investment Director

Emiliano Guerrero


Alberto Mora

Financial Analyst