The directors of the real estate quoted charged more than 18 million euros during 2022, according to reports on the remuneration of directors published by companies in the National Securities Market Commission (CNMV).
Roughly, the best paid are those who run the companies with the most assets under management. These are the two large socimis present on the Ibex-35, Merlin Properties and Colonial. Behind, the promoters are the ones that best reward their management teams.
Merlin Properties and Colonial
The CEO of Merlin Properties, Ismael Clemente, obtained a remuneration of 2.67 million euros; slightly higher than that of Miguel Ollero, head of operations of the Ibex-35 company, which received 2.26 million. The remuneration of the real estate company to its management team was drastically reduced during the last year, compared to 2021. However, in that year, they received the deferred payment of the long-term incentive plan, which amounted to more than 4.6 million in shares to its directors.
For his part, at Colonial, the CEO, Pere Viñolas collected 1.68 million, most of it in cash, almost half that in 2021. For his part, the former president, Juan José Brugera, rose as the highest-paid real estate manager in 2022, after receiving compensation from Colonial of 3 million. In total, Brugera received 4.75 million euros.
The promoters
The CEO of Aedas Homes received 1.1 million, 850,000 euros of fixed salary and 255,000 of variable. The chief executive of the promoter of the North American fund Castlelake has more than 76,000 shares in the company, with a market value of around one million euros.
Your counterpart at Neinor Homes, Borja García-Egotxeaga, obtained a remuneration of 1.05 million20.69% less than that of 2021. The CEO of the company founded by Lone Star has in his possession a stake in the company that slightly exceeds 20,000 euros.
Jorge Perez de LezaCEO of Metrovacesa, increased his salary by 14.35%, up to 1.42 million. The first sword of the promoter of Banco Santander, BBVA and Carlos Slim has more than 180,000 shares, with a market value of over one million euros.
The rest of the real estate companies
At Realia, both the CEO and the financial director They kept their salaries unchanged.. The CEO of the real estate company owned by the Mexican magnate Carlos Slim, Juan Rodríguez Torres, received 225,000 euros; while the CFO, Gerardo Kuri Kaufmann, a total of 244,000 euros. In proportion to the value of the company’s assets under management, they are the least paid executives in the entire sector.
Lar España, the Socimi specializing in the purchase and rental of shopping centers, operates by a different system from the rest, without a management team and with a manager in charge. Only its president José Luis del Valle, received 157,000 euroscompared to 140,000 the previous year.
The socimi of the former founders of Axiare, Árimaraised the remuneration of its top executives. Luis de Herrara Oria, who has a stake of more than 5% in the company, collected 1.1 million, improving 28%. Chony Martín Vicente-Marariegos, financial director, saw his salary rise by 50%, exceeding half a million euros.
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The Catalan Renta Corporación improved the remuneration of its CEO and its president: David Vila received 481,000 euros (+16%), while Luis Hernández de Cabanyes 462,000 euros (+20%). The president has a 14.55% stake in the company, valued at more than 10 million; while the CEO of 0.4%.
Andalusian real estate Insur paid its CEO, Ricardo Pumar, 25% less than the previous year, 327,000 euros. The manager has almost 130,000 shares, with a stock market value of more than 900,000 euros.