Consejo Administración

Mr. Javier Illán Plaza

President and CEO

Date of appointment: 10 May 2019

Date of termination: 10 May 2023

Javier Illán began his career in 1994 when he joined a family business working in construction and real estate development. During that time, he played an active role in the development and construction of 600 homes in A Coruña (Spain) and at Hotel Vilagaros in Spain’s leading luxury ski resort, Baqueira Beret.

Javier set up his first company in 1997, focusing on real estate investment initiatives that included repositioning work. Following the success of the business, he founded Millenium Group in 2000 as a real estate investment vehicle (club deal), which included commercial, office and hotel assets located in prime areas in Madrid, with a value proposition based on repositioning these assets for subsequent sale or rental.

In addition to the club deal, Javier launched a residential development division in 2010, thus making Grupo Millenium a benchmark in Spain for luxury residential developments, with buildings in central Madrid that included the emblematic Plaza de la Independencia 5 (Edificio Millenium), Hermanos Bécquer 4, Alfonso XII nº 24 and Alfonso XII nº 38.

To date, Javier has taken part in acquiring, repositioning and selling assets valued at approximately €400 million.

Mr. Eduardo Edmundo D’Alessandro

Proprietary Director

Date of appointment: 29 July 2021

Date of termination: 23 July 2023

Eduardo holds a bachelor’s degree in Finance (cum laude) from Manhattanville College and an MBA from the London School of Economics. He is bilingual in English and Spanish.

Eduardo started his career as an investment associate at CarVal Investors (CVI) in the Loan Portfolio Group where he specialised in non-performing loans (NPL) and real estate investment opportunities in the UK, Germany and Spain, before joining Deutsche Bank’s Special Situations Department, where he specialised in NPL investments across Europe.

He is currently a partner at Castlelake where he leads the portfolio land investment area in Spain and is also responsible for strategy in Portugal, Italy, Greece, the United Kingdom and Ireland. He is also a member of the Investment Oversight Committee. Tasks he combines with the position of Proprietary Director at Aedas Home, where he is also a member of the Audit and Control Committees, as well as sitting on the Technology, Innovation and Cybersecurity Committee.

Mr. Isaiah Toback

Proprietary Director

Date of appointment: 29 July 2021

Date of termination: 10 May 2023

Isaiah holds a degree in Economics from Vanderbilt University in the United States. He began his professional career at Goldman Sachs where he was responsible for transport, specialising in the maritime and air industry and later in industrial offshoring.

Currently, and since 2020, he is a partner at Castlelake specialising in developing strategies, opportunities for investment in development and overseeing portfolio construction. Isaiah is a voting member on the company’s Investment Review Committee.

Ms. Leticia Fusi Aizpurua

Propietary Director

Date of appointment: 29 July 2021

Date of termination: 28 July 2024

Leticia has a degree in Architecture and Urbanism from the Polytechnic University of Madrid, and has 2 masters, one from the Pontifical University of Comillas (ICADE) in Real Estate Asset Management and Urban Planning and another in Corporate Finance and Investment Banking from the Institute of Stock Exchange Studies in Madrid. She speaks Spanish, English, French and Italian.

Leticia began her professional career in various architectural firms where she had the opportunity to participate in a wide range of real estate projects. She later worked as a consultant for clients such as Altamira and Banco Santander, where she participated in due diligence processes and the analysis and assessment of the viability of various real estate projects. She then joined KPMG as a director in the Corporate Finance and Restructuring area focusing on real estate transactions and insolvency proceedings. Since 2014, she has been part of the Asset Diversification Department at Castlelake covering Europe in the area of real estate investments.

Mr. José María Castellano Ríos

Proprietary Director

Date of appointment: 10 May 2019

Date of termination: 10 May 2023

José María Castellano has a PhD in Economics and Business Studies from Universidad Complutense de Madrid, he is a Professor of Financial Economics and Accounting at the University of A Coruña and a member of RACEF, Spain’s academy of economic and financial sciences.

Between 1985 and 2005, he was a member of the Board of Directors at Inditex and Vice President and CEO of the group from 1997. Alongside Inditex founder Amancio Ortega, José María is considered to be the architect of Inditex’s international growth and consolidation, as well as the company’s successful IPO in 2001.

He was chairman of telecommunications company ONO from 2008 to its sale to Vodafone in 2014. He is currently an Independent Board Member at Naturhouse Health SA and Sniace, both of which trade on the Madrid Stock Exchange.

Mr. Jaime Montalvo

Independent Board Member

Date of appointment: 10 May 2019

Date of termination: 10 May 2023

Jaime Montalvo has a PhD in Law from Universidad Complutense de Madrid and has been a Professor of Labour and Social Security Law since 1973.

He has been a Board Member at Mutua Madrileña Automovilística since 2006 and Vice President of the company since 2010. He is also a trustee of several organisations, including Fundación Mutua Madrileña, which specialises in health-related research, the Madrid-based Elcano Royal Institute think tank, Universidad Menéndez Pelayo, and the Comillas Foundation, a non-profit that specialises in promoting Hispanic language and culture.

In addition to his work in the private sector, Jaime has undertaken significant institutional roles at universities and within the public administration. He has been Chair of CES, which advises the Spanish Government, a Member of the Spanish Council of State, Chair of the Spanish Court of Arbitration, and Chancellor of the Spain’s open university, UNED.

Ms. Isabel Dutilh

Independent Board Member

Date of appointment: 10 May 2019

Date of termination: 10 May 2023

Isabel Dutilh is a founding partner of the legal firm specialising in mergers and acquisitions, Argali Abogados, and is an independent member of the Elecnor Board of Directors (member of the audit committee and the Appointments, Remuneration and Sustainability Committee). She is an independent member of the Banco de Alcalá S.A. board of directors (Chairman of the Appointments and Remuneration Committee and member of the Supervision and Audit Committee).

She also chairs the Legal Security working group of Círculo de Empresarios [Entrepreneurs Circle], an organisation for which she was Vice Chairperson between March 2015 and March 2021.

Isabel studied law and has a Law Degree from San Pablo CEU University, two master’s degrees, one in Maritime Business, one at ICADE/Spanish Maritime Institute, a master’s degree in Maritime Law from the University of Wales and has completed the Leadership in Legal Firms programme from Harvard University.

Mr. Javier Martinez Piqueras

External Director

Date of appointment: 28 July 2020

Date of termination: 28 July 2024

Javier has spent the last 22 years of his career working in international investment banking. Initially at Bank of America Merrill Lynch as Managing Director in charge of the Equity Capital Markets and Corporate Equity Derivatives area for Spain and Portugal and then UBS, where he has held several positions of responsibility. He is the head for Europe, Africa and the Middle East of Equity Capital Markets, member of the management committee and operating committee of the investment banking area in Europe and, later, Global Head of Equity Capital Markets, Convertibles and Strategic Solutions for Equity clients up to December 2019. Over the years he has advised and led the execution of more than 500 transactions in the capital markets of Europe, Asia, the Americas, the Middle East and Australia for listed companies, in transactions amounting to more than US$500 billion in total.

Javier Martínez-Piqueras has a degree in Law and a degree in Economics and Business Administration from the Comillas Pontificia University, ICADE (E-3).

Ms. Macarena Sainz de Vicuña

Independent Director

Date of appointment: 28 July 2020

Date of termination: 28 July 2024

Macarena Sainz de Vicuña is currently working as a director in several boards of directors of unlisted companies and is a trustee of the Fero Foundation dedicated to cancer research.

She has previously been a member of several boards of directors, such as Coca Cola Iberian Partners, where she was also a member of the Executive Committee and the Sustainability and Corporate Social Responsibility Committee, and of Rendesur,S.A., Norbega S.A., Asturbega S.A. boards of directors, along with as OHL, where she was also a member of the Appointments and Remuneration Committee.
Macarena has a degree in Business Administration from CUNEF and is a certified auditor

Mr. Luis Basagoiti Robles

Independent Director

Date of appointment: 22 June 2022

Date of termination: 21 June 2026

Luis is Senior Advisor with Macquarie (Real Estate) for Spain and Portugal. He is an advisor to the board of Gavari Properties Socimi and member of the board of director of Sieref 2 (Wealth investment fund in Luxembourg, Mapfre-Macquarie), positions he combines with that of Administrator with Mapfre SGA. Previously and from 1987 to 2004 he was Managing Director of Mapfre Inmobiliarios, later he was Managing Director of Metrovacesa for two years and Managing Director of General Iberdrola Inmobiliaria, at the same time he was part of the Group’s Management Committee. In 2005 he returned to Mapfre Inmuebles, where he held the positions of General Director of Real Estate Investments with the Group and he later held the position of President and CEO and he is currently the Administrator of Mapfre Inmuebles SGA (Asset Management Company).

Luis is a graduate in Architecture from the Escuela Técnica Superior de Arquitectura de Madrid (Universidad Politécnica de Madrid) specialising in Structures, he has a Doctorate in Architecture (cum laude) from the same university, an MBA in International Business Management from the Universidad Autónoma de Madrid and another MBA in Construction Company and Real Estate Management from the Universidad Politécnica de Madrid. Also he is an “ad honorem” professor at ETSAM (UPM) and was a researcher in light industrialized prefabrication. Luis Basagoiti is fluent in English, Catalan and has some knowledge of Portuguese.

Ms. Pilar Muñoz

Independent Director

Date of appointment: 22 June 2022

Date of termination: 21 June 2026

Pilar Muñoz Sanz has a Degree in Law and Economic and Business Sciences from the Universidad Pontificia de Comillas (E3) and a Master’s degree in Taxation from the Centro de Estudios Garrigues in Madrid. She is currently the director of the in-house tax consultancy department at Uria y Menéndez, the firm where she has spent practically her entire professional career. Pilar is also a lecturer at Universidad Francisco de Vitoria and Universidad Villanueva, both in Madrid.

Pilar speaks fluent English and Spanish and has advanced level French and German.