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Savills’ Former CEO Launches a Crowdfunding Company Following his Departure from the Firm

Rafael Merry del Val and José Navarro, former directors of Savills in Spain, have launched a proptech, Wecity, through which they plan to manage investments worth up to 20 million euros.

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Víctor Montes (‘Chief Product Officer’), Antonio Mañas (founder and CBO), Rafael Merry del Val (founder and CEO), José Navarro (founder and CBO) and Ricardo Gasset (COO) from Wecity.

Rafael Merry del Val, one of the most recognised real estate directors in the Spanish market, is embarking on a new professional venture following his departure from Savills Aguirre Newman, where he served as Executive Vice President after the integration of the two consultancies.

The venture in question is Wecity, a real estate crowdfunding platform, which has just been approved by the CNMV as a participatory financing vehicle. The new platform will focus on tickets that are larger than those handled by the usual crowdfunding firms in Spain, with the aim of financing operations of around two million euros. Its aim is to help developers and investors in the residential, retail, logistics and office segments.

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