Real estate investment and asset management group

Mr. Paco Hugas is a founding partner of Conren Tramway, which he co-founded in 2018 with Mr. Jaime E. Hugas and with their German partner Conren Land AG.

Mr. Hugas has 17 years of professional experience in the real estate sector.

Before co-founding Conren Tramway, Mr. Hugas had co-founded Tramway Capital with his brother Mr. Jaime E. Hugas. Tramway Capital is an investment firm focused on real estate and asset backed operating businesses where the Hugas brothers consolidated the activities they began in September 2011. The firm has been responsible for investing over 300 million Euros with its blue chip institutional co-investors in value added opportunities.

Prior to launching Tramway Capital Mr. Hugas was a partner at B Capital Partners, a Barcelona based real estate investment and asset management firm he joined in 2008. While at B Capital Mr. Hugas led the sourcing, structuring and execution of real estate investments. In this capacity he worked regularly with private equity real estate opportunity funds.

In 2002 Mr. Hugas began his career as a real estate consultant working first at DTZ and then at Savills, where he co-led the agency and investment department. In those positions he became involved in transactions across most real estate market segments: office, industrial, logistics, retail and hotels. This gave Mr. Hugas the opportunity to develop transactional experience and a good understanding and know how of the real estate business. He also developed an extensive network of contacts in the sector across Spain. During these years, he worked regularly with some of the major real estate investment funds and real estate developers active in the Spanish market.

During his time at DTZ and Savills, Mr. Hugas was involved in investment and sale and lease back transactions with an aggregate value in excess of 450 million Euros.

Mr. Paco Hugas studied Economics at the University of Barcelona. In addition, he completed a Program for Management Development and a program for Real Estate Business Management at IESE in Barcelona and several real estate development courses at COAC (Architectural College of Catalonia) and the Real Estate Investment and Financing programs at NYU’s Schack Institute of Real Estate.

Mr. Clemens Hörter is a Managing Director in charge of Technical Asset Management and brings over 25 years of professional experience as an architect to Conren Tramway.

Mr. Hörter trained as an architect in Florence (Italy), Hamburg (Germany) and Miami (Florida, USA). In 1996 he co-founded the architectural studio Hörter + Trautmann Architekten in Hamburg. In 2003 Mr. Hörter established their Barcelona office and rebased himself in Spain. He has extensive experience in commercial and residential real estate projects for German and international blue chip institutional investors.

Mr. Hörter has worked with the Conren Tramway partners before the firm was launched, helping with their property in Avinguda Diagonal 490 and with the design and construction process of Motel One Barcelona Ciutadella.

Mr. Hörter is a German national and has lived in Barcelona since 2003. He speaks German, English and Spanish.

Jaime-Enrique Hugas is a founding partner of Conren Tramway. Mr. Hugas brings 22 years of professional experience internationally as an investor and in investment banking to Conren Tramway.

Before co-founding Conren Tramway, Mr. Hugas had co-founded Tramway Capital. Tramway Capital is an investment firm focused on real estate and asset backed operating businesses. The firm has been responsible for investing over 300 million Euros with its blue chip institutional co-investors in value added opportunities.

Between 2007 and 2011 Mr. Hugas was a London based investment professional at Palamon Capital Partners, a pan-European private equity investment firm with 1.1 billion Euros in funds under management where he assumed responsibility for activities in Spain and worked in investments across Europe covering businesses in the financial services, healthcare and business services sectors.

Between 1996 and 2007 Mr. Hugas worked for JP Morgan & Co. and Morgan Stanley in their investment banking teams. During that period, he was involved in over 200 billion Euros of mergers and acquisitions, company sales, buy-out investments, tender offers and debt and equity capital raising in the oil & gas, real estate and hotels, telecoms and media sectors. He was involved in the biggest global M&A agreement ever and in the largest European leveraged buy-out at the time, amongst other major accolades.

Mr. Hugas has served on the boards of SARQuavitae, Engrande, Retail Decisions plc and RD Cards Australia. He has also been a Treasurer, Trustee and Vice Chairman of the British Spanish Society and was a co-founder and Chairman of the UK Chapter of ESADE Alumni in London.

Mr. Hugas has significant experience investing in real estate backed operating businesses in the retail (food and pharma) and healthcare sectors (care homes). This experience covers the formation of opco – propco business models and a variety of real estate formats including convenience, supermarket and large box.

Mr. Hugas graduated from ESADE in Barcelona with a Bachelor in Business Administration and an MBA and from the University of Barcelona with a Bachelor in Law. He was awarded a scholarship by la Caixa for postgraduate studies in the United Kingdom and has completed Stanford University’s Graduate School of Business Executive Program for Growing Companies.

Mr. Hugas speaks Spanish, Catalan, English and French and is a dual Spanish and British citizen. He lived in London over 20 years, between 1995 and the end of 2015.