[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$fWJDsHAQ6CLoVvTVD9A3h5b3OQINtZN4Lgf5KRFFTPPo":3,"$fTe5HE0Z1vo2J86ZJWWdF8KMsEsay4hhvzos2gbGNccM":40,"$f_iPoKLJTmna0hysc3JyPQYvKVRe6ciD7LTGcnXYUH3Q":941,"$f2653Pz_vLJvXKFjn_zESrrHK2VggB85enOOdsYGBIVE":1446,"$fp68hrMLSAJv7mcNXQMg9VWYpfosTWfsdtoH90OP7mmg":1549},[4,24],{"id":5,"title":6,"color":7,"videoPlaylistUrl":8,"translations":9},3,"Infrastructure","#6DAAB4",null,[10,14,19],{"title":6,"slug":11,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"language":12},"infrastructure",{"code":13},"en",{"title":15,"slug":16,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"language":17},"Infraestrutura","infraestrutura",{"code":18},"pt-BR",{"title":20,"slug":21,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"language":22},"Infraestructura","infraestructura",{"code":23},"es",{"id":25,"title":26,"color":27,"videoPlaylistUrl":8,"translations":28},2,"Real Estate","#752964",[29,32,36],{"title":26,"slug":30,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"language":31},"real-estate",{"code":13},{"title":33,"slug":34,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"language":35},"Mercado Inmobiliario","mercado-inmobiliario",{"code":23},{"title":37,"slug":38,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"language":39},"Mercado Imobiliário","mercado-imobiliario",{"code":18},[41,44,48,52,56,60,64,68,72,76,80,84,88,92,96,100,104,108,112,116,119,123,127,131,135,139,143,147,151,155,158,162,166,169,173,176,180,184,188,192,196,200,203,207,211,215,219,222,225,228,231,235,239,243,247,251,255,259,263,266,270,274,278,282,285,289,292,295,298,302,306,310,314,318,321,325,328,332,335,337,340,344,347,350,354,357,361,365,369,373,377,380,384,388,392,396,400,404,407,409,413,417,420,424,428,431,435,439,443,446,450,453,457,460,464,467,471,474,477,481,485,488,491,495,499,503,506,510,513,517,521,525,529,533,536,540,544,547,551,553,556,560,562,565,568,572,576,580,584,588,591,595,598,602,605,609,612,616,619,623,626,630,633,636,640,643,646,649,653,656,659,662,666,670,674,677,680,683,687,691,694,698,700,703,706,710,713,717,721,725,728,732,735,738,741,745,748,752,755,758,762,765,767,771,775,779,783,786,789,792,795,798,800,803,807,811,813,817,820,822,826,830,834,838,841,845,848,851,854,858,861,864,868,871,874,877,881,884,886,889,891,895,899,903,906,909,913,916,918,921,925,927,931,935,937],{"id":5,"name":42,"phoneCode":43},"Afghanistan",93,{"id":45,"name":46,"phoneCode":47},189,"Åland Islands",1,{"id":49,"name":50,"phoneCode":51},4,"Albania",355,{"id":53,"name":54,"phoneCode":55},44,"Algeria",213,{"id":57,"name":58,"phoneCode":59},187,"American Samoa",1684,{"id":61,"name":62,"phoneCode":63},182,"Andorra",376,{"id":65,"name":66,"phoneCode":67},6,"Angola",244,{"id":69,"name":70,"phoneCode":71},184,"Anguilla",1264,{"id":73,"name":74,"phoneCode":75},186,"Antartica",672,{"id":77,"name":78,"phoneCode":79},183,"Antigua and Barbuda",1268,{"id":81,"name":82,"phoneCode":83},7,"Argentina",54,{"id":85,"name":86,"phoneCode":87},5,"Armenia",374,{"id":89,"name":90,"phoneCode":91},188,"Aruba",297,{"id":93,"name":94,"phoneCode":95},9,"Australia",61,{"id":97,"name":98,"phoneCode":99},8,"Austria",43,{"id":101,"name":102,"phoneCode":103},10,"Azerbaijan",994,{"id":105,"name":106,"phoneCode":107},21,"Bahamas",1242,{"id":109,"name":110,"phoneCode":111},191,"Bahrain",973,{"id":113,"name":114,"phoneCode":115},204,"Bailiwick of Guernsey",0,{"id":117,"name":118,"phoneCode":115},212,"Bailiwick of Jersey",{"id":120,"name":121,"phoneCode":122},12,"Bangladesh",880,{"id":124,"name":125,"phoneCode":126},190,"Barbados",1246,{"id":128,"name":129,"phoneCode":130},13,"Belgium",32,{"id":132,"name":133,"phoneCode":134},25,"Belize",501,{"id":136,"name":137,"phoneCode":138},17,"Benin",229,{"id":140,"name":141,"phoneCode":142},193,"Bermuda",1441,{"id":144,"name":145,"phoneCode":146},22,"Bhutan",975,{"id":148,"name":149,"phoneCode":150},19,"Bolivia",591,{"id":152,"name":153,"phoneCode":154},185,"Bonaire",599,{"id":156,"name":157,"phoneCode":154},256,"Bonaire, Sint Eustatius and Saba",{"id":159,"name":160,"phoneCode":161},11,"Bosna i Hercegovina",387,{"id":163,"name":164,"phoneCode":165},23,"Botswana",267,{"id":167,"name":168,"phoneCode":115},194,"Bouvet Island",{"id":170,"name":171,"phoneCode":172},20,"Brazil",55,{"id":174,"name":175,"phoneCode":47},211,"British Indian Ocean Territory",{"id":177,"name":178,"phoneCode":179},18,"Brunei",673,{"id":181,"name":182,"phoneCode":183},15,"Bulgaria",359,{"id":185,"name":186,"phoneCode":187},14,"Burkina Faso",226,{"id":189,"name":190,"phoneCode":191},16,"Burundi",257,{"id":193,"name":194,"phoneCode":195},86,"Cambodia",855,{"id":197,"name":198,"phoneCode":199},33,"Cameroon",237,{"id":201,"name":202,"phoneCode":47},26,"Canada",{"id":204,"name":205,"phoneCode":206},197,"Cape Verde",238,{"id":208,"name":209,"phoneCode":210},216,"Cayman Islands",1345,{"id":212,"name":213,"phoneCode":214},28,"Central African Rep.",236,{"id":216,"name":217,"phoneCode":218},155,"Chad",235,{"id":130,"name":220,"phoneCode":221},"Chile",56,{"id":223,"name":224,"phoneCode":193},34,"China",{"id":226,"name":227,"phoneCode":95},198,"Christmas Island",{"id":229,"name":230,"phoneCode":95},195,"Cocos (Keeling) Islands",{"id":232,"name":233,"phoneCode":234},35,"Colombia",57,{"id":236,"name":237,"phoneCode":238},214,"Comoros",269,{"id":240,"name":241,"phoneCode":242},29,"Congo",242,{"id":244,"name":245,"phoneCode":246},196,"Cook Islands",682,{"id":248,"name":249,"phoneCode":250},36,"Costa Rica",506,{"id":252,"name":253,"phoneCode":254},31,"Côte d`Ivoire",225,{"id":256,"name":257,"phoneCode":258},70,"Croatia",385,{"id":260,"name":261,"phoneCode":262},37,"Cuba",53,{"id":264,"name":265,"phoneCode":47},253,"Curaçao",{"id":267,"name":268,"phoneCode":269},38,"Cyprus",357,{"id":271,"name":272,"phoneCode":273},39,"Czech Rep.",420,{"id":275,"name":276,"phoneCode":277},27,"Dem. Rep. Congo",243,{"id":279,"name":280,"phoneCode":281},42,"Denmark",45,{"id":283,"name":284,"phoneCode":264},41,"Djibouti",{"id":286,"name":287,"phoneCode":288},199,"Dominica",1767,{"id":99,"name":290,"phoneCode":291},"Dominican Republic",1809,{"id":281,"name":293,"phoneCode":294},"Ecuador",593,{"id":296,"name":297,"phoneCode":170},47,"Egypt",{"id":299,"name":300,"phoneCode":301},152,"El Salvador",503,{"id":303,"name":304,"phoneCode":305},63,"Eq. Guinea",240,{"id":307,"name":308,"phoneCode":309},49,"Eritrea",291,{"id":311,"name":312,"phoneCode":313},46,"Estonia",372,{"id":315,"name":316,"phoneCode":317},51,"Ethiopia",251,{"id":83,"name":319,"phoneCode":320},"Falkland Is.",500,{"id":322,"name":323,"phoneCode":324},201,"Faroe Islands",298,{"id":262,"name":326,"phoneCode":327},"Fiji",679,{"id":329,"name":330,"phoneCode":331},52,"Finland",358,{"id":333,"name":334,"phoneCode":115},156,"Fr. S. Antarctic Lands",{"id":172,"name":336,"phoneCode":197},"France",{"id":338,"name":339,"phoneCode":47},203,"French Guiana",{"id":341,"name":342,"phoneCode":343},231,"French Polynesia",689,{"id":221,"name":345,"phoneCode":346},"Gabon",241,{"id":95,"name":348,"phoneCode":349},"Gambia",220,{"id":351,"name":352,"phoneCode":353},58,"Georgia",995,{"id":355,"name":356,"phoneCode":307},40,"Germany",{"id":358,"name":359,"phoneCode":360},59,"Ghana",233,{"id":362,"name":363,"phoneCode":364},205,"Gibraltar",350,{"id":366,"name":367,"phoneCode":368},64,"Greece",30,{"id":370,"name":371,"phoneCode":372},60,"Greenland",299,{"id":374,"name":375,"phoneCode":376},202,"Grenada",1473,{"id":378,"name":379,"phoneCode":115},206,"Guadeloupe",{"id":381,"name":382,"phoneCode":383},208,"Guam",1671,{"id":385,"name":386,"phoneCode":387},65,"Guatemala",502,{"id":389,"name":390,"phoneCode":391},62,"Guinea",224,{"id":393,"name":394,"phoneCode":395},66,"Guinea-Bissau",245,{"id":397,"name":398,"phoneCode":399},67,"Guyana",592,{"id":401,"name":402,"phoneCode":403},71,"Haiti",509,{"id":405,"name":406,"phoneCode":115},209,"Heard and Mc Donald Islands",{"id":395,"name":408,"phoneCode":271},"Holy See (Vatican City State)",{"id":410,"name":411,"phoneCode":412},69,"Honduras",504,{"id":414,"name":415,"phoneCode":416},68,"Hong Kong",852,{"id":418,"name":419,"phoneCode":248},72,"Hungary",{"id":421,"name":422,"phoneCode":423},79,"Iceland",354,{"id":425,"name":426,"phoneCode":427},76,"India",91,{"id":429,"name":430,"phoneCode":389},73,"Indonesia",{"id":432,"name":433,"phoneCode":434},78,"Iran",98,{"id":436,"name":437,"phoneCode":438},77,"Iraq",964,{"id":440,"name":441,"phoneCode":442},74,"Ireland",353,{"id":444,"name":445,"phoneCode":53},210,"Isle of Man",{"id":447,"name":448,"phoneCode":449},75,"Israel",972,{"id":451,"name":452,"phoneCode":271},80,"Italy",{"id":454,"name":455,"phoneCode":456},81,"Jamaica",1876,{"id":458,"name":459,"phoneCode":454},83,"Japan",{"id":461,"name":462,"phoneCode":463},82,"Jordan",962,{"id":465,"name":466,"phoneCode":81},90,"Kazakhstan",{"id":468,"name":469,"phoneCode":470},84,"Kenya",254,{"id":55,"name":472,"phoneCode":473},"Kiribati",686,{"id":475,"name":476,"phoneCode":47},176,"Kosovo",{"id":478,"name":479,"phoneCode":480},89,"Kuwait",965,{"id":482,"name":483,"phoneCode":484},85,"Kyrgyzstan",996,{"id":427,"name":486,"phoneCode":487},"Laos",856,{"id":434,"name":489,"phoneCode":490},"Latvia",371,{"id":492,"name":493,"phoneCode":494},92,"Lebanon",961,{"id":496,"name":497,"phoneCode":498},95,"Lesotho",266,{"id":500,"name":501,"phoneCode":502},97,"Lëtzebuerg",352,{"id":504,"name":505,"phoneCode":341},94,"Liberia",{"id":507,"name":508,"phoneCode":509},99,"Libya",218,{"id":509,"name":511,"phoneCode":512},"Liechtenstein",423,{"id":514,"name":515,"phoneCode":516},96,"Lithuania",370,{"id":518,"name":519,"phoneCode":520},222,"Macau",853,{"id":522,"name":523,"phoneCode":524},104,"Macedonia",389,{"id":526,"name":527,"phoneCode":528},103,"Madagascar",261,{"id":530,"name":531,"phoneCode":532},110,"Malawi",265,{"id":534,"name":535,"phoneCode":370},112,"Malaysia",{"id":537,"name":538,"phoneCode":539},227,"Maldives",960,{"id":541,"name":542,"phoneCode":543},105,"Mali",223,{"id":254,"name":545,"phoneCode":546},"Malta",356,{"id":548,"name":549,"phoneCode":550},221,"Marshall Islands",692,{"id":391,"name":552,"phoneCode":47},"Martinique",{"id":554,"name":555,"phoneCode":518},108,"Mauritania",{"id":557,"name":558,"phoneCode":559},109,"Mauritius",1664,{"id":187,"name":558,"phoneCode":561},230,{"id":317,"name":563,"phoneCode":564},"Mayotte",262,{"id":566,"name":567,"phoneCode":329},111,"Mexico",{"id":569,"name":570,"phoneCode":571},200,"Micronesia, Federated States of",691,{"id":573,"name":574,"phoneCode":575},101,"Moldova",373,{"id":577,"name":578,"phoneCode":579},219,"Monaco",377,{"id":581,"name":582,"phoneCode":583},107,"Mongolia",976,{"id":585,"name":586,"phoneCode":587},102,"Montenegro",382,{"id":589,"name":590,"phoneCode":117},100,"Morocco",{"id":592,"name":593,"phoneCode":594},113,"Mozambique",258,{"id":596,"name":597,"phoneCode":496},106,"Myanmar",{"id":599,"name":600,"phoneCode":601},114,"Namibia",264,{"id":138,"name":603,"phoneCode":604},"Nauru",674,{"id":606,"name":607,"phoneCode":608},121,"Nepal",977,{"id":610,"name":611,"phoneCode":252},119,"Netherlands",{"id":613,"name":614,"phoneCode":615},115,"New Caledonia",687,{"id":617,"name":618,"phoneCode":366},122,"New Zealand",{"id":620,"name":621,"phoneCode":622},118,"Nicaragua",505,{"id":624,"name":625,"phoneCode":537},116,"Niger",{"id":627,"name":628,"phoneCode":629},117,"Nigeria",234,{"id":561,"name":631,"phoneCode":632},"Niue",683,{"id":634,"name":635,"phoneCode":47},228,"Norfolk Island",{"id":637,"name":638,"phoneCode":639},87,"North Korea",850,{"id":641,"name":642,"phoneCode":47},175,"Northern Cyprus",{"id":543,"name":644,"phoneCode":645},"Northern Mariana Islands",1670,{"id":647,"name":648,"phoneCode":296},120,"Norway",{"id":650,"name":651,"phoneCode":652},123,"Oman",968,{"id":654,"name":655,"phoneCode":492},128,"Pakistan",{"id":629,"name":657,"phoneCode":658},"Palau",680,{"id":660,"name":661,"phoneCode":47},131,"Palestine",{"id":663,"name":664,"phoneCode":665},124,"Panama",507,{"id":667,"name":668,"phoneCode":669},126,"Papua New Guinea",675,{"id":671,"name":672,"phoneCode":673},133,"Paraguay",595,{"id":675,"name":676,"phoneCode":315},125,"Peru",{"id":678,"name":679,"phoneCode":303},127,"Philippines",{"id":360,"name":681,"phoneCode":682},"Pitcairn",870,{"id":684,"name":685,"phoneCode":686},129,"Poland",48,{"id":688,"name":689,"phoneCode":690},132,"Portugal",351,{"id":692,"name":693,"phoneCode":47},130,"Puerto Rico",{"id":695,"name":696,"phoneCode":697},134,"Qatar",974,{"id":218,"name":699,"phoneCode":115},"Reunion",{"id":701,"name":702,"phoneCode":355},135,"Romania",{"id":704,"name":705,"phoneCode":81},137,"Russia",{"id":707,"name":708,"phoneCode":709},138,"Rwanda",250,{"id":711,"name":712,"phoneCode":47},151,"S. Sudan",{"id":714,"name":715,"phoneCode":716},192,"Saint Barthélemy",590,{"id":718,"name":719,"phoneCode":720},215,"Saint Kitts and Nevis",1869,{"id":722,"name":723,"phoneCode":724},217,"Saint LUCIA",1758,{"id":349,"name":726,"phoneCode":727},"Saint Martin",1599,{"id":729,"name":730,"phoneCode":731},246,"Saint Vincent and the Grenadines",1784,{"id":709,"name":733,"phoneCode":734},"Samoa",685,{"id":206,"name":736,"phoneCode":737},"San Marino",378,{"id":739,"name":740,"phoneCode":739},239,"Sao Tome and Principe",{"id":742,"name":743,"phoneCode":744},139,"Saudi Arabia",966,{"id":746,"name":747,"phoneCode":548},148,"Senegal",{"id":749,"name":750,"phoneCode":751},136,"Serbia",381,{"id":214,"name":753,"phoneCode":754},"Seychelles",248,{"id":756,"name":753,"phoneCode":757},144,290,{"id":759,"name":760,"phoneCode":761},147,"Sierra Leone",232,{"id":763,"name":764,"phoneCode":385},143,"Singapore",{"id":470,"name":766,"phoneCode":47},"Sint Maarten (Dutch part)",{"id":768,"name":769,"phoneCode":770},146,"Slovakia",421,{"id":772,"name":773,"phoneCode":774},145,"Slovenia",386,{"id":776,"name":777,"phoneCode":778},140,"Solomon Is.",677,{"id":780,"name":781,"phoneCode":782},149,"Somalia",252,{"id":784,"name":785,"phoneCode":47},177,"Somaliland",{"id":787,"name":788,"phoneCode":275},179,"South Africa",{"id":790,"name":791,"phoneCode":115},207,"South Georgia and the South Sandwich Islands",{"id":793,"name":794,"phoneCode":461},88,"South Korea",{"id":796,"name":797,"phoneCode":223},50,"Spain",{"id":43,"name":799,"phoneCode":504},"Sri Lanka",{"id":761,"name":801,"phoneCode":802},"St. Pierre and Miquelon",508,{"id":804,"name":805,"phoneCode":806},141,"Sudan",249,{"id":808,"name":809,"phoneCode":810},150,"Suriname",597,{"id":199,"name":812,"phoneCode":115},"Svalbard and Jan Mayen Islands",{"id":814,"name":815,"phoneCode":816},154,"Swaziland",268,{"id":818,"name":819,"phoneCode":311},142,"Sweden",{"id":368,"name":821,"phoneCode":283},"Switzerland",{"id":823,"name":824,"phoneCode":825},153,"Syria",963,{"id":827,"name":828,"phoneCode":829},165,"Taiwan",886,{"id":831,"name":832,"phoneCode":833},159,"Tajikistan",992,{"id":835,"name":836,"phoneCode":837},166,"Tanzania",255,{"id":839,"name":840,"phoneCode":393},158,"Thailand",{"id":842,"name":843,"phoneCode":844},160,"Timor-Leste",670,{"id":846,"name":847,"phoneCode":634},157,"Togo",{"id":346,"name":849,"phoneCode":850},"Tokelau",690,{"id":242,"name":852,"phoneCode":853},"Tonga",676,{"id":855,"name":856,"phoneCode":857},164,"Trinidad and Tobago",1868,{"id":859,"name":860,"phoneCode":208},162,"Tunisia",{"id":862,"name":863,"phoneCode":465},163,"Türkiye",{"id":865,"name":866,"phoneCode":867},161,"Turkmenistan",993,{"id":305,"name":869,"phoneCode":870},"Turks and Caicos Islands",1649,{"id":277,"name":872,"phoneCode":873},"Tuvalu",688,{"id":875,"name":876,"phoneCode":156},168,"Uganda",{"id":878,"name":879,"phoneCode":880},167,"Ukraine",380,{"id":25,"name":882,"phoneCode":883},"United Arab Emirates",971,{"id":234,"name":885,"phoneCode":53},"United Kingdom",{"id":887,"name":888,"phoneCode":47},169,"United States",{"id":67,"name":890,"phoneCode":115},"United States Minor Outlying Islands",{"id":892,"name":893,"phoneCode":894},170,"Uruguay",598,{"id":896,"name":897,"phoneCode":898},171,"Uzbekistan",998,{"id":900,"name":901,"phoneCode":902},174,"Vanuatu",678,{"id":904,"name":905,"phoneCode":351},172,"Venezuela",{"id":907,"name":908,"phoneCode":468},173,"Vietnam",{"id":910,"name":911,"phoneCode":912},247,"Virgin Islands (British)",1284,{"id":754,"name":914,"phoneCode":915},"Virgin Islands (U.S.)",1340,{"id":686,"name":917,"phoneCode":47},"W. Sahara",{"id":806,"name":919,"phoneCode":920},"Wallis and Futuna Islands",681,{"id":922,"name":923,"phoneCode":924},178,"Yemen",967,{"id":837,"name":926,"phoneCode":8},"Yugoslavia",{"id":928,"name":929,"phoneCode":930},180,"Zambia",260,{"id":932,"name":933,"phoneCode":934},181,"Zimbabwe",263,{"id":782,"name":936,"phoneCode":8},"Zona del Canal de Panamá",{"id":938,"name":939,"phoneCode":940},24,"Беларусь",375,[942,965,985,1006,1028,1050,1072,1102,1130,1158,1186,1208,1230,1252,1274,1296,1318,1336,1358,1380,1402,1424],{"id":159,"label":943,"segment":944,"translations":952},"Basic sanitation",{"id":5,"title":6,"translations":945},[946,948,950],{"title":6,"slug":11,"language":947},{"code":13},{"title":15,"slug":16,"language":949},{"code":18},{"title":20,"slug":21,"language":951},{"code":23},[953,957,961],{"label":954,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":955,"language":956},"Basic Sanitation","basic-sanitation",{"code":13},{"label":958,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":959,"language":960},"Saneamento Básico","saneamento-basico",{"code":18},{"label":962,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":963,"language":964},"Saneamiento Básico","saneamiento-basico",{"code":23},{"id":212,"label":966,"segment":967,"translations":975},"Data Center",{"id":25,"title":26,"translations":968},[969,971,973],{"title":26,"slug":30,"language":970},{"code":13},{"title":33,"slug":34,"language":972},{"code":23},{"title":37,"slug":38,"language":974},{"code":18},[976,980,983],{"label":977,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":978,"language":979},"Data Centres","",{"code":13},{"label":981,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":978,"language":982},"Data Centers",{"code":18},{"label":981,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":978,"language":984},{"code":23},{"id":120,"label":986,"segment":987,"translations":995},"Energy",{"id":5,"title":6,"translations":988},[989,991,993],{"title":6,"slug":11,"language":990},{"code":13},{"title":15,"slug":16,"language":992},{"code":18},{"title":20,"slug":21,"language":994},{"code":23},[996,999,1003],{"label":986,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":997,"language":998},"energy",{"code":13},{"label":1000,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1001,"language":1002},"Energia","energia",{"code":18},{"label":1004,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1001,"language":1005},"Energía",{"code":23},{"id":189,"label":1007,"segment":1008,"translations":1016},"Environmental Assets",{"id":5,"title":6,"translations":1009},[1010,1012,1014],{"title":6,"slug":11,"language":1011},{"code":13},{"title":15,"slug":16,"language":1013},{"code":18},{"title":20,"slug":21,"language":1015},{"code":23},[1017,1020,1024],{"label":1007,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1018,"language":1019},"environmental-assets",{"code":13},{"label":1021,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1022,"language":1023},"Ativos Ambientais","ativos-ambientais",{"code":18},{"label":1025,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1026,"language":1027},"Activos Ambientales","activos-ambientales",{"code":23},{"id":97,"label":1029,"segment":1030,"translations":1038},"ESG & Sustainability",{"id":25,"title":26,"translations":1031},[1032,1034,1036],{"title":26,"slug":30,"language":1033},{"code":13},{"title":33,"slug":34,"language":1035},{"code":23},{"title":37,"slug":38,"language":1037},{"code":18},[1039,1042,1046],{"label":1029,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1040,"language":1041},"esg-sustainability",{"code":13},{"label":1043,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1044,"language":1045},"ESG & Sustentabilidade","esg-sustentabilidade",{"code":18},{"label":1047,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1048,"language":1049},"ESG y Sostenibilidad","esg-y-sostenibilidad",{"code":23},{"id":136,"label":1051,"segment":1052,"translations":1060},"Financing & Capital Markets",{"id":5,"title":6,"translations":1053},[1054,1056,1058],{"title":6,"slug":11,"language":1055},{"code":13},{"title":15,"slug":16,"language":1057},{"code":18},{"title":20,"slug":21,"language":1059},{"code":23},[1061,1064,1068],{"label":1051,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1062,"language":1063},"financing-capital-markets",{"code":13},{"label":1065,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1066,"language":1067},"Financiamento & Mercado de Capitais","financiamento-mercado-de-capitais",{"code":18},{"label":1069,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1070,"language":1071},"Financiación y Mercados de Capitales","financiacion-y-mercados-de-capitales",{"code":23},{"id":132,"label":1073,"segment":1074,"translations":1084},"GRI Analisa",{"id":589,"title":1075,"translations":1076},"Latin America",[1077,1080,1082],{"title":1075,"slug":1078,"language":1079},"latin-america",{"code":13},{"title":1075,"slug":1078,"language":1081},{"code":18},{"title":1075,"slug":1078,"language":1083},{"code":23},[1085,1091,1096],{"label":1086,"title":1087,"subtitle":1088,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1089,"language":1090},"GRI Analyses","Strategic thought leadership","The GRI Analyses series presents in-depth diagnostics and original studies by the GRI Institute on high-impact themes. It translates contemporary challenges into technical analysis. That analysis grounds strategic debate.","gri-analyses",{"code":13},{"label":1073,"title":1092,"subtitle":1093,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1094,"language":1095},"Liderança de pensamento estratégico","A série GRI Analisa apresenta diagnósticos aprofundados e estudos originais do GRI Institute sobre temas de alto impacto. Traduz desafios contemporâneos em análise técnica. Essa análise fundamenta o debate estratégico.","gri-analisa",{"code":18},{"label":1097,"title":1098,"subtitle":1099,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1100,"language":1101},"GRI Analiza","Liderazgo de pensamiento estratégico","La serie GRI Analiza presenta diagnósticos en profundidad y estudios originales del GRI Institute sobre temas de alto impacto. Traduce los desafíos contemporáneos en análisis técnico. Ese análisis sustenta el debate estratégico.","gri-analiza",{"code":23},{"id":163,"label":1103,"segment":1104,"translations":1112},"GRI Antecipa",{"id":589,"title":1075,"translations":1105},[1106,1108,1110],{"title":1075,"slug":1078,"language":1107},{"code":13},{"title":1075,"slug":1078,"language":1109},{"code":18},{"title":1075,"slug":1078,"language":1111},{"code":23},[1113,1119,1124],{"label":1114,"title":1115,"subtitle":1116,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1117,"language":1118},"GRI Foresees","Trend analysis","The GRI Foresees series anticipates market trends and movements. It consolidates the critical data captured by the GRI Barometer. The Barometer is the GRI Institute's research tool for measuring the current state of the industry.","gri-foresees",{"code":13},{"label":1103,"title":1120,"subtitle":1121,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1122,"language":1123},"Análise de tendências","A série GRI Antecipa projeta tendências e movimentos de mercado. Consolida os dados críticos captados pelo GRI Barometer. O Barometer é a ferramenta de pesquisa do GRI Institute para medir o estado atual do setor.","gri-antecipa",{"code":18},{"label":1125,"title":1126,"subtitle":1127,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1128,"language":1129},"GRI Anticipa","Análisis de tendencias","La serie GRI Anticipa proyecta tendencias y movimientos del mercado. Consolida los datos críticos captados por el GRI Barometer. El Barometer es la herramienta de investigación del GRI Institute para medir el estado actual del sector.","gri-anticipa",{"code":23},{"id":938,"label":1131,"segment":1132,"translations":1140},"GRI Monitora",{"id":589,"title":1075,"translations":1133},[1134,1136,1138],{"title":1075,"slug":1078,"language":1135},{"code":13},{"title":1075,"slug":1078,"language":1137},{"code":18},{"title":1075,"slug":1078,"language":1139},{"code":23},[1141,1147,1152],{"label":1142,"title":1143,"subtitle":1144,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1145,"language":1146},"GRI Monitors","Leading-edge monitoring","The GRI Monitors series tracks the regulatory landscape in depth. This tracking is essential for sound decision-making. The GRI Institute develops the specialized technical content of the series.","gri-monitors",{"code":13},{"label":1131,"title":1148,"subtitle":1149,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1150,"language":1151},"Monitoramento de vanguarda","A série GRI Monitora acompanha em profundidade o cenário regulatório. Esse acompanhamento é essencial para decisões seguras. O GRI Institute desenvolve o conteúdo técnico especializado da série.","gri-monitora",{"code":18},{"label":1153,"title":1154,"subtitle":1155,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1156,"language":1157},"GRI Monitorea","Monitoreo de vanguardia","La serie GRI Monitorea acompaña en profundidad el escenario regulatorio. Ese seguimiento es esencial para decisiones seguras. El GRI Institute desarrolla el contenido técnico especializado de la serie.","gri-monitorea",{"code":23},{"id":105,"label":1159,"segment":1160,"translations":1168},"GRI Propõe",{"id":589,"title":1075,"translations":1161},[1162,1164,1166],{"title":1075,"slug":1078,"language":1163},{"code":13},{"title":1075,"slug":1078,"language":1165},{"code":18},{"title":1075,"slug":1078,"language":1167},{"code":23},[1169,1175,1180],{"label":1170,"title":1171,"subtitle":1172,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1173,"language":1174},"GRI Proposes","Policy & legal framework proposals","The GRI Proposes series presents strategic recommendations for public policy and legal frameworks. It draws on the collective intelligence of the GRI Institute. It mobilizes the public sector and the market to enable structural transformation across the industry.","gri-proposes",{"code":13},{"label":1159,"title":1176,"subtitle":1177,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1178,"language":1179},"Propostas de marcos legais e regulatórios","A série GRI Propõe apresenta recomendações estratégicas para políticas públicas e marcos legais. Nasce da inteligência coletiva do GRI Institute. Mobiliza o setor público e o mercado para viabilizar transformações estruturais no setor.","gri-propoe",{"code":18},{"label":1181,"title":1182,"subtitle":1183,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1184,"language":1185},"GRI Propone","Propuestas de marcos legales y regulatorios","La serie GRI Propone presenta recomendaciones estratégicas para políticas públicas y marcos legales. Nace de la inteligencia colectiva del GRI Institute. Moviliza al sector público y al mercado para viabilizar transformaciones estructurales en el sector.","gri-propone",{"code":23},{"id":85,"label":1187,"segment":1188,"translations":1196},"Hotel & Hospitality",{"id":25,"title":26,"translations":1189},[1190,1192,1194],{"title":26,"slug":30,"language":1191},{"code":13},{"title":33,"slug":34,"language":1193},{"code":23},{"title":37,"slug":38,"language":1195},{"code":18},[1197,1200,1204],{"label":1187,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1198,"language":1199},"hotel-hospitality",{"code":13},{"label":1201,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1202,"language":1203},"Hotelaria & Hospitalidade","hotelaria-hospitalidade",{"code":18},{"label":1205,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1206,"language":1207},"Hotelería y Hospitalidad","hoteleria-y-hospitalidad",{"code":23},{"id":49,"label":1209,"segment":1210,"translations":1218},"Industrial & Logistics",{"id":25,"title":26,"translations":1211},[1212,1214,1216],{"title":26,"slug":30,"language":1213},{"code":13},{"title":33,"slug":34,"language":1215},{"code":23},{"title":37,"slug":38,"language":1217},{"code":18},[1219,1222,1226],{"label":1209,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1220,"language":1221},"industrial-logistics",{"code":13},{"label":1223,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1224,"language":1225},"Industrial & Logística","industrial-logistica",{"code":18},{"label":1227,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1228,"language":1229},"Industrial y Logístico","industrial-y-logistico",{"code":23},{"id":65,"label":1231,"segment":1232,"translations":1240},"Investments & Finance",{"id":25,"title":26,"translations":1233},[1234,1236,1238],{"title":26,"slug":30,"language":1235},{"code":13},{"title":33,"slug":34,"language":1237},{"code":23},{"title":37,"slug":38,"language":1239},{"code":18},[1241,1244,1248],{"label":1231,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1242,"language":1243},"investments-finance",{"code":13},{"label":1245,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1246,"language":1247},"Investimentos & Fundos Imobiliários","investimentos-e-fundos-imobiliarios",{"code":18},{"label":1249,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1250,"language":1251},"Inversiones y Fondos Inmobiliarios","fondos-inmobiliarios-y-financiacion",{"code":23},{"id":93,"label":1253,"segment":1254,"translations":1262},"Legal\u002FCorporate\u002FGeopolitics",{"id":25,"title":26,"translations":1255},[1256,1258,1260],{"title":26,"slug":30,"language":1257},{"code":13},{"title":33,"slug":34,"language":1259},{"code":23},{"title":37,"slug":38,"language":1261},{"code":18},[1263,1266,1270],{"label":1253,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1264,"language":1265},"legal-corporate-geopolitics",{"code":13},{"label":1267,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1268,"language":1269},"Legislação & Jurídico","legislacao-juridico",{"code":18},{"label":1271,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1272,"language":1273},"Legislación y Legal","legislacion-y-legal",{"code":23},{"id":25,"label":1275,"segment":1276,"translations":1284},"Offices",{"id":25,"title":26,"translations":1277},[1278,1280,1282],{"title":26,"slug":30,"language":1279},{"code":13},{"title":33,"slug":34,"language":1281},{"code":23},{"title":37,"slug":38,"language":1283},{"code":18},[1285,1288,1292],{"label":1275,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1286,"language":1287},"offices",{"code":13},{"label":1289,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1290,"language":1291},"Lajes Corporativas","lajes-corporativas",{"code":18},{"label":1293,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1294,"language":1295},"Oficinas","oficinas",{"code":23},{"id":47,"label":1297,"segment":1298,"translations":1306},"Residential & BTR",{"id":25,"title":26,"translations":1299},[1300,1302,1304],{"title":26,"slug":30,"language":1301},{"code":13},{"title":33,"slug":34,"language":1303},{"code":23},{"title":37,"slug":38,"language":1305},{"code":18},[1307,1310,1314],{"label":1297,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1308,"language":1309},"residential-btr",{"code":13},{"label":1311,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1312,"language":1313},"Residencial & BTR","residencial-btr",{"code":18},{"label":1315,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1316,"language":1317},"Residencial y Multifamily","residencial-y-multifamily",{"code":23},{"id":5,"label":1319,"segment":1320,"translations":1328},"Shopping & Retail",{"id":25,"title":26,"translations":1321},[1322,1324,1326],{"title":26,"slug":30,"language":1323},{"code":13},{"title":33,"slug":34,"language":1325},{"code":23},{"title":37,"slug":38,"language":1327},{"code":18},[1329,1332,1334],{"label":1319,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1330,"language":1331},"shopping-retail",{"code":13},{"label":1319,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1330,"language":1333},{"code":18},{"label":1319,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1330,"language":1335},{"code":23},{"id":181,"label":1337,"segment":1338,"translations":1346},"Social Infrastructure",{"id":5,"title":6,"translations":1339},[1340,1342,1344],{"title":6,"slug":11,"language":1341},{"code":13},{"title":15,"slug":16,"language":1343},{"code":18},{"title":20,"slug":21,"language":1345},{"code":23},[1347,1350,1354],{"label":1337,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1348,"language":1349},"social-infrastructure",{"code":13},{"label":1351,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1352,"language":1353},"Infraestrutura Social","infraestrutura-socia",{"code":18},{"label":1355,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1356,"language":1357},"Infraestructura Social","infraestructura-social",{"code":23},{"id":81,"label":1359,"segment":1360,"translations":1368},"Technology & Innovation",{"id":25,"title":26,"translations":1361},[1362,1364,1366],{"title":26,"slug":30,"language":1363},{"code":13},{"title":33,"slug":34,"language":1365},{"code":23},{"title":37,"slug":38,"language":1367},{"code":18},[1369,1372,1376],{"label":1359,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1370,"language":1371},"technology-innovation",{"code":13},{"label":1373,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1374,"language":1375},"Tecnologia & Inovação","tecnologia-inovacao",{"code":18},{"label":1377,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1378,"language":1379},"Tecnología e Innovación","tecnologia-y-innovacion",{"code":23},{"id":128,"label":1381,"segment":1382,"translations":1390},"Telecommunications",{"id":5,"title":6,"translations":1383},[1384,1386,1388],{"title":6,"slug":11,"language":1385},{"code":13},{"title":15,"slug":16,"language":1387},{"code":18},{"title":20,"slug":21,"language":1389},{"code":23},[1391,1394,1398],{"label":1381,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1392,"language":1393},"telecommunications",{"code":13},{"label":1395,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1396,"language":1397},"Telecomunicações","telecomunicacoes",{"code":18},{"label":1399,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1400,"language":1401},"Telecomunicaciones","telecomunicaciones",{"code":23},{"id":101,"label":1403,"segment":1404,"translations":1412},"Transport & Logistics",{"id":5,"title":6,"translations":1405},[1406,1408,1410],{"title":6,"slug":11,"language":1407},{"code":13},{"title":15,"slug":16,"language":1409},{"code":18},{"title":20,"slug":21,"language":1411},{"code":23},[1413,1416,1420],{"label":1403,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1414,"language":1415},"transport-logistics",{"code":13},{"label":1417,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1418,"language":1419},"Transportes & Logística","transportes-logistica",{"code":18},{"label":1421,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1422,"language":1423},"Transporte y Logística","transporte-y-logistica",{"code":23},{"id":185,"label":1425,"segment":1426,"translations":1434},"Urban Mobility",{"id":5,"title":6,"translations":1427},[1428,1430,1432],{"title":6,"slug":11,"language":1429},{"code":13},{"title":15,"slug":16,"language":1431},{"code":18},{"title":20,"slug":21,"language":1433},{"code":23},[1435,1438,1442],{"label":1425,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1436,"language":1437},"urban-mobility",{"code":13},{"label":1439,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1440,"language":1441},"Mobilidade Urbana","mobilidade-urbana",{"code":18},{"label":1443,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1444,"language":1445},"Movilidad Urbana","movilidad-urbana",{"code":23},{"id":1447,"status":1448,"segmentId":25,"slug":1449,"title":1450,"editorsPick":1451,"topImage":1452,"coverImage":1452,"slideImage":8,"publishDate":1453,"readTime":8,"maxRelatedEvents":5,"image":8,"imageCredit":8,"imageCreditColor":8,"breakNewsUntil":8,"seoTagConversionId":8,"seoTag":8,"seoTitle":8,"seoKeywords":8,"seoDescription":8,"seoAbstract":8,"seoImage":8,"visitCounter":1454,"createdAt":1455,"updatedAt":8,"translations":1456,"segment":1490,"categories":1498,"countries":1523,"authors":1541,"urls":1545},3368,"TRUE","gino-antonacci-operator-investor-convergence-european-real-estate-deal-flow","Gino Antonacci and the operator-investor convergence reshaping European mid-market deal flow",false,"https:\u002F\u002Fcdn.griinstitute.org\u002Fuploads\u002Fhubnews\u002Fgino-antonacci-operator-investor-convergence-european-real-estate-deal-flow.webp","2026-03-24T00:00:00.000Z",630,"2026-03-24T09:05:29.000Z",[1457,1468,1479],{"id":1458,"newsId":1447,"languageId":47,"title":1450,"subtitle":1459,"content":1460,"summary":1461,"takeaways":1462,"seoTagConversionId":8,"seoTag":8,"seoTitle":1463,"seoKeywords":1464,"seoDescription":1465,"seoAbstract":8,"seoImage":1466,"createdAt":1455,"updatedAt":8,"language":1467},4016,"From managing €4.5 billion in retail assets at Klépierre to leading Cushman & Wakefield's Italian asset services, Antonacci's trajectory maps a structural shift","\u003Cp>European real estate investment volumes reached €241 billion in 2025, a 13 percent year-on-year increase according to CBRE. Behind the headline figure, a subtler transformation is gaining momentum: the convergence of operational expertise and institutional capital in the mid-market segment. Few career trajectories illustrate this shift as clearly as that of Gino Antonacci, whose recent appointment as Head of Asset Services Italy at Cushman & Wakefield signals a deepening alignment between platform-level operators and the investors who deploy capital through them.\u003C\u002Fp>\n\u003Cp>The appointment, effective March 2, 2026 according to Cushman & Wakefield, positions Antonacci at the intersection of asset management execution and cross-border capital allocation. His mandate places him within one of the largest global real estate services firms at a moment when European markets are recalibrating around operational value creation rather than yield compression alone.\u003C\u002Fp>\n\u003Ch2>From €4.5 billion in retail assets to a services platform\u003C\u002Fh2>\n\u003Cp>Gino Antonacci built his institutional profile during his tenure as Managing Director for Italy at Klépierre Group, where he managed 33 shopping centres with a total portfolio value of €4.5 billion, according to Cushman & Wakefield's appointment disclosure. That scale of operational responsibility, concentrated in the retail segment across one of Europe's most complex property markets, established a track record that bridges landlord-side asset management and the advisory-services ecosystem now absorbing that expertise.\u003C\u002Fp>\n\u003Cp>The transition from a principal operator role at a listed REIT to a platform leadership position at a global services firm reflects a broader pattern visible across European real estate. Institutional owners increasingly seek asset services partners who bring direct portfolio management experience, not merely transactional advisory capability. Antonacci's career arc embodies this demand signal.\u003C\u002Fp>\n\u003Cp>For the mid-market segment in particular, where deal complexity often outweighs deal size, the ability to combine granular operational knowledge with institutional-grade reporting and governance frameworks is becoming a differentiator. Operators who have managed billions in assets for listed vehicles bring discipline and transparency standards that mid-market owners find difficult to replicate internally.\u003C\u002Fp>\n\u003Ch2>What does operator-investor convergence mean for European deal flow?\u003C\u002Fh2>\n\u003Cp>The concept of operator-investor convergence describes a structural realignment in how real estate transactions are originated, underwritten, and executed. Rather than maintaining rigid separations between capital providers, asset managers, and service platforms, the market is producing leaders whose experience spans all three functions.\u003C\u002Fp>\n\u003Cp>This convergence matters for deal flow because it compresses the information asymmetry that traditionally slowed mid-market transactions. When the individual leading asset services has direct experience managing portfolios at institutional scale, the due diligence process accelerates. Capital partners gain confidence in operational assumptions. Execution risk declines.\u003C\u002Fp>\n\u003Cp>The European real estate investment market reached approximately €75 billion in the first half of 2025, according to Houlihan Lokey. That pace of deployment, sustained through a period of rate adjustment and pricing recalibration, required precisely the kind of operator credibility that figures like Antonacci represent. Investors writing cheques in a transitional market want operators who have navigated comparable cycles from the principal side.\u003C\u002Fp>\n\u003Cp>Within the GRI Club network, where institutional investors and operators converge in closed-door discussions, the profile of participants reflects this trend. Senior principals with direct portfolio management backgrounds increasingly populate gatherings alongside capital allocators and lenders, creating the relational infrastructure through which mid-market transactions originate.\u003C\u002Fp>\n\u003Ch2>How does the Italian market fit into the broader European recovery?\u003C\u002Fh2>\n\u003Cp>Italy occupies a distinctive position in the European real estate recovery. The country combines deep operational complexity, from fragmented ownership structures to layered regulatory environments, with significant repricing opportunities that attract cross-border capital. Antonacci's appointment to lead asset services in this market is strategically timed.\u003C\u002Fp>\n\u003Cp>CBRE projects eurozone GDP to expand by just under 1.0 percent in 2026, with inflation expected to average 1.5 percent over the same period, according to the consultancy's forecasts. That macroeconomic backdrop, characterised by modest growth and contained inflation, favours asset-level value creation strategies over speculative positioning. In practical terms, it rewards operators who can extract performance from existing portfolios rather than relying on capital markets tailwinds.\u003C\u002Fp>\n\u003Cp>Italy's retail sector, where Antonacci accumulated his principal-side experience, has undergone significant repricing and operational restructuring in recent years. The 33 shopping centres he managed at Klépierre represent a substantial concentration of institutional-grade retail assets in a market where such portfolios are relatively scarce. That experience base gives him a granular understanding of tenant dynamics, footfall economics, and capital expenditure optimisation that translates directly into asset services delivery.\u003C\u002Fp>\n\u003Cp>The broader European investment recovery, with 2025 volumes reaching €241 billion according to CBRE, provides the capital supply context. Italy is positioned to capture a growing share of that capital as investors seek markets where operational alpha remains achievable. Having a recognised operator at the helm of a major platform's asset services division reinforces the market's institutional credibility.\u003C\u002Fp>\n\u003Ch2>The role of specialist lenders in the convergence thesis\u003C\u002Fh2>\n\u003Cp>Operator-investor convergence requires financing partners who understand both sides of the equation. David Gluzman, Senior Originator and Director at Deutsche Pfandbriefbank AG, represents the lending perspective within this convergence framework. Deutsche Pfandbriefbank is a leading European specialist bank for real estate financing, according to GRI Institute records, and its origination professionals work at the interface where operator quality directly influences credit decisions.\u003C\u002Fp>\n\u003Cp>Specialist lenders evaluate borrowers through an operational lens as much as a financial one. The quality of asset management, the credibility of business plans, and the track record of the operating team all feed into underwriting assessments. When operators bring institutional pedigree from principal roles, the financing conversation shifts from risk mitigation to partnership structuring.\u003C\u002Fp>\n\u003Cp>Both Antonacci and Gluzman are active participants in the GRI Club network, where lender-operator relationships are cultivated in a peer-to-peer format. This network positioning matters because mid-market deal flow in European real estate remains fundamentally relationship-driven. The largest transactions attract competitive processes. The mid-market, by contrast, rewards trust, repeat interaction, and the kind of reputational capital built through sustained presence in curated professional communities.\u003C\u002Fp>\n\u003Ch2>Structural implications for capital allocation\u003C\u002Fh2>\n\u003Cp>The operator-investor convergence that Antonacci's career trajectory exemplifies carries several structural implications for how capital is allocated across European real estate.\u003C\u002Fp>\n\u003Cp>First, platform selection becomes a capital allocation decision. When investors choose an asset services partner, they are making an implicit bet on the operational philosophy and network of the individuals leading that platform. Antonacci's appointment gives Cushman & Wakefield a principal-credentialed leader in one of Europe's most operationally demanding markets.\u003C\u002Fp>\n\u003Cp>Second, mid-market deal origination increasingly flows through individuals rather than institutions. The professionals who have managed large portfolios, built lender relationships, and maintained presence in networks like GRI Club become nodes through which transaction opportunities circulate. Mapping these individuals is itself a form of market intelligence.\u003C\u002Fp>\n\u003Cp>Third, the distinction between operator and investor is becoming permeable. Professionals move between principal, advisory, and services roles throughout their careers, carrying institutional knowledge across organisational boundaries. This permeability enriches the market's collective capability but also concentrates influence among a relatively small cohort of experienced leaders.\u003C\u002Fp>\n\u003Cp>For institutional investors evaluating European mid-market opportunities, understanding these dynamics is as important as analysing cap rates or rental growth projections. The quality of operational leadership at the asset level, and the networks through which those leaders connect to capital, will increasingly determine which markets and segments attract deployment.\u003C\u002Fp>\n\u003Ch2>A market defined by its operators\u003C\u002Fh2>\n\u003Cp>European real estate is entering a phase where operational credibility carries as much weight as capital availability. The appointment of Gino Antonacci to lead Cushman & Wakefield's asset services in Italy, drawing on a track record managing 33 shopping centres valued at €4.5 billion at Klépierre, is a concrete expression of this shift.\u003C\u002Fp>\n\u003Cp>With eurozone GDP growth projected at just under 1.0 percent and inflation forecast at 1.5 percent for 2026 according to CBRE, the macroeconomic environment will continue to favour operators who can generate returns through active management. The mid-market segment, where operational intensity is highest and information asymmetries are most pronounced, stands to benefit disproportionately from the convergence of operator experience and institutional capital.\u003C\u002Fp>\n\u003Cp>The professionals driving this convergence, and the networks that connect them, are becoming the market's critical infrastructure. For those mapping European real estate deal flow, tracking the career movements and network positioning of figures like Antonacci offers a leading indicator of where capital, capability, and opportunity will intersect next.\u003C\u002Fp>\n","The article examines a structural shift in European real estate where operational expertise and institutional capital are converging, particularly in the mid-market segment. Gino Antonacci's appointment as Head of Asset Services Italy at Cushman & Wakefield—after managing 33 shopping centres valued at €4.5 billion at Klépierre—serves as the central case study for this trend.\n\nWith European investment volumes reaching €241 billion in 2025 and eurozone GDP growth projected near 1% for 2026, the macroeconomic environment rewards active asset management over yield compression. The article argues that operator credibility, relationship networks, and career mobility across principal and advisory roles are becoming the critical infrastructure shaping deal flow.","\u003Cul>\n\u003Cli>European real estate is experiencing operator-investor convergence, where leaders span capital provision, asset management, and service platforms, compressing information asymmetry in mid-market deals.\u003C\u002Fli>\n\u003Cli>Gino Antonacci's move from managing €4.5B in retail assets at Klépierre to heading Cushman & Wakefield's Italian asset services exemplifies this structural shift.\u003C\u002Fli>\n\u003Cli>European investment volumes hit €241B in 2025, up 13% YoY, with modest GDP growth (~1%) favoring operational value creation over speculative positioning.\u003C\u002Fli>\n\u003Cli>Mid-market deal origination increasingly flows through individual operators and curated networks like GRI Club rather than institutional processes.\u003C\u002Fli>\n\u003Cli>Platform selection is becoming an implicit capital allocation decision tied to operational leadership quality.\u003C\u002Fli>\n\u003C\u002Ful>\n","Gino Antonacci: European real estate deal flow","gino antonacci, david gluzman, gri real estate, gri club","Gino Antonacci's move from managing €4.5 billion in assets at Klépierre to Head of Asset Services Italy at Cushman & Wakefield maps the operator-investor convergence reshaping European mid-market real estate deal flow. Data-driven analysis of his trajector","https:\u002F\u002Fcdn.griinstitute.org\u002Fuploads\u002Fhubnews\u002Fgino-antonacci-operator-investor-convergence-european-real-estate-deal-flow-seo.jpg",{"code":13},{"id":1469,"newsId":1447,"languageId":25,"title":1470,"subtitle":1471,"content":1472,"summary":1473,"takeaways":1474,"seoTagConversionId":8,"seoTag":8,"seoTitle":1475,"seoKeywords":1476,"seoDescription":1477,"seoAbstract":8,"seoImage":1466,"createdAt":1455,"updatedAt":8,"language":1478},4017,"Gino Antonacci e a convergência operador-investidor que remodela o mid-market europeu","De €4,5 bilhões em ativos de varejo na Klépierre à liderança de asset services na Cushman & Wakefield Itália, a trajetória de Antonacci reflete uma mudança estr","\u003Cp>Os volumes de investimento imobiliário europeu atingiram €241 bilhões em 2025, um aumento de 13% em relação ao ano anterior, segundo a CBRE. Por trás do número principal, uma transformação mais sutil ganha força: a convergência entre expertise operacional e capital institucional no segmento mid-market. Poucas trajetórias profissionais ilustram essa mudança tão claramente quanto a de Gino Antonacci, cuja recente nomeação como Head of Asset Services Italy na Cushman & Wakefield sinaliza um alinhamento crescente entre operadores de plataforma e os investidores que alocam capital por meio deles.\u003C\u002Fp>\u003Cp>A nomeação, efetiva a partir de 2 de março de 2026 segundo a Cushman & Wakefield, posiciona Antonacci na interseção entre execução de gestão de ativos e alocação de capital transfronteiriça. Seu mandato o coloca dentro de uma das maiores empresas globais de serviços imobiliários em um momento em que os mercados europeus se recalibram em torno da criação de valor operacional, e não apenas da compressão de yields.\u003C\u002Fp>\u003Ch2>De €4,5 bilhões em ativos de varejo a uma plataforma de serviços\u003C\u002Fh2>\u003Cp>Gino Antonacci construiu seu perfil institucional durante sua atuação como Managing Director para a Itália no Klépierre Group, onde gerenciou 33 shopping centers com valor total de portfólio de €4,5 bilhões, conforme divulgação da Cushman & Wakefield. Essa escala de responsabilidade operacional, concentrada no segmento de varejo em um dos mercados imobiliários mais complexos da Europa, estabeleceu um histórico que conecta gestão de ativos do lado proprietário ao ecossistema de serviços de consultoria que agora absorve essa expertise.\u003C\u002Fp>\u003Cp>A transição de um papel de operador principal em um REIT listado para uma posição de liderança de plataforma em uma firma global de serviços reflete um padrão mais amplo visível no mercado imobiliário europeu. Proprietários institucionais buscam cada vez mais parceiros de asset services que tragam experiência direta em gestão de portfólios, e não apenas capacidade de consultoria transacional. A trajetória de Antonacci personifica esse sinal de demanda.\u003C\u002Fp>\u003Cp>Para o segmento mid-market em particular, onde a complexidade das transações frequentemente supera o tamanho dos negócios, a capacidade de combinar conhecimento operacional granular com frameworks de governança e relatórios de padrão institucional está se tornando um diferencial. Operadores que gerenciaram bilhões em ativos para veículos listados trazem disciplina e padrões de transparência que proprietários mid-market têm dificuldade de replicar internamente.\u003C\u002Fp>\u003Ch2>O que a convergência operador-investidor significa para o deal flow europeu?\u003C\u002Fh2>\u003Cp>O conceito de convergência operador-investidor descreve um realinhamento estrutural na forma como transações imobiliárias são originadas, analisadas e executadas. Em vez de manter separações rígidas entre provedores de capital, gestores de ativos e plataformas de serviços, o mercado está produzindo líderes cuja experiência abrange todas as três funções.\u003C\u002Fp>\u003Cp>Essa convergência é relevante para o deal flow porque comprime a assimetria de informação que tradicionalmente desacelerava transações mid-market. Quando o indivíduo que lidera asset services possui experiência direta na gestão de portfólios em escala institucional, o processo de due diligence se acelera. Parceiros de capital ganham confiança nas premissas operacionais. O risco de execução diminui.\u003C\u002Fp>\u003Cp>O mercado europeu de investimento imobiliário atingiu aproximadamente €75 bilhões no primeiro semestre de 2025, segundo a Houlihan Lokey. Esse ritmo de alocação, mantido durante um período de ajuste de taxas e recalibração de preços, exigiu precisamente o tipo de credibilidade operacional que figuras como Antonacci representam. Investidores aplicando capital em um mercado de transição querem operadores que tenham navegado ciclos comparáveis pelo lado principal.\u003C\u002Fp>\u003Cp>Dentro da rede GRI Club, onde investidores institucionais e operadores convergem em discussões a portas fechadas, o perfil dos participantes reflete essa tendência. Executivos seniores com experiência direta em gestão de portfólios participam cada vez mais dos encontros ao lado de alocadores de capital e credores, criando a infraestrutura relacional por meio da qual transações mid-market se originam.\u003C\u002Fp>\u003Ch2>Como o mercado italiano se insere na recuperação europeia mais ampla?\u003C\u002Fh2>\u003Cp>A Itália ocupa uma posição diferenciada na recuperação imobiliária europeia. O país combina profunda complexidade operacional — desde estruturas de propriedade fragmentadas até ambientes regulatórios em camadas — com oportunidades significativas de repricing que atraem capital transfronteiriço. A nomeação de Antonacci para liderar asset services nesse mercado é estrategicamente oportuna.\u003C\u002Fp>\u003Cp>A CBRE projeta que o PIB da zona do euro se expandirá pouco abaixo de 1,0% em 2026, com inflação esperada de 1,5% em média no mesmo período, segundo as previsões da consultoria. Esse cenário macroeconômico, caracterizado por crescimento modesto e inflação contida, favorece estratégias de criação de valor no nível dos ativos em detrimento de posicionamento especulativo. Em termos práticos, recompensa operadores que conseguem extrair desempenho de portfólios existentes em vez de depender de ventos favoráveis dos mercados de capitais.\u003C\u002Fp>\u003Cp>O setor de varejo da Itália, onde Antonacci acumulou sua experiência do lado principal, passou por repricing significativo e reestruturação operacional nos últimos anos. Os 33 shopping centers que ele gerenciou na Klépierre representam uma concentração substancial de ativos de varejo de padrão institucional em um mercado onde tais portfólios são relativamente escassos. Essa base de experiência lhe confere uma compreensão granular da dinâmica de locatários, economia de fluxo de visitantes e otimização de investimentos de capital, que se traduz diretamente na entrega de asset services.\u003C\u002Fp>\u003Cp>A recuperação mais ampla do investimento europeu, com volumes de 2025 atingindo €241 bilhões segundo a CBRE, fornece o contexto de oferta de capital. A Itália está posicionada para capturar uma parcela crescente desse capital à medida que investidores buscam mercados onde o alfa operacional ainda é alcançável. Ter um operador reconhecido à frente da divisão de asset services de uma grande plataforma reforça a credibilidade institucional do mercado.\u003C\u002Fp>\u003Ch2>O papel dos credores especializados na tese de convergência\u003C\u002Fh2>\u003Cp>A convergência operador-investidor requer parceiros financeiros que compreendam ambos os lados da equação. David Gluzman, Senior Originator and Director na Deutsche Pfandbriefbank AG, representa a perspectiva dos credores dentro desse framework de convergência. A Deutsche Pfandbriefbank é um banco europeu especializado líder em financiamento imobiliário, segundo registros do GRI Institute, e seus profissionais de originação trabalham na interface onde a qualidade do operador influencia diretamente decisões de crédito.\u003C\u002Fp>\u003Cp>Credores especializados avaliam tomadores através de uma lente operacional tanto quanto financeira. A qualidade da gestão de ativos, a credibilidade dos planos de negócios e o histórico da equipe operacional alimentam avaliações de underwriting. Quando operadores trazem pedigree institucional de funções como principal, a conversa sobre financiamento muda de mitigação de risco para estruturação de parcerias.\u003C\u002Fp>\u003Cp>Tanto Antonacci quanto Gluzman são participantes ativos na rede GRI Club, onde relacionamentos entre credores e operadores são cultivados em formato peer-to-peer. Esse posicionamento em rede é relevante porque o deal flow mid-market no mercado imobiliário europeu permanece fundamentalmente orientado por relacionamentos. As maiores transações atraem processos competitivos. O mid-market, por outro lado, recompensa confiança, interação recorrente e o tipo de capital reputacional construído pela presença sustentada em comunidades profissionais curadas.\u003C\u002Fp>\u003Ch2>Implicações estruturais para alocação de capital\u003C\u002Fh2>\u003Cp>A convergência operador-investidor que a trajetória de Antonacci exemplifica traz diversas implicações estruturais para a forma como o capital é alocado no mercado imobiliário europeu.\u003C\u002Fp>\u003Cp>Primeiro, a seleção de plataforma se torna uma decisão de alocação de capital. Quando investidores escolhem um parceiro de asset services, estão fazendo uma aposta implícita na filosofia operacional e na rede dos indivíduos que lideram essa plataforma. A nomeação de Antonacci confere à Cushman & Wakefield um líder credenciado como principal em um dos mercados mais operacionalmente exigentes da Europa.\u003C\u002Fp>\u003Cp>Segundo, a originação de negócios mid-market flui cada vez mais por meio de indivíduos, e não de instituições. Os profissionais que gerenciaram grandes portfólios, construíram relacionamentos com credores e mantiveram presença em redes como o GRI Club tornam-se nós por onde circulam oportunidades de transação. Mapear esses indivíduos é, em si, uma forma de inteligência de mercado.\u003C\u002Fp>\u003Cp>Terceiro, a distinção entre operador e investidor está se tornando permeável. Profissionais transitam entre papéis de principal, consultoria e serviços ao longo de suas carreiras, carregando conhecimento institucional através de fronteiras organizacionais. Essa permeabilidade enriquece a capacidade coletiva do mercado, mas também concentra influência em um grupo relativamente pequeno de líderes experientes.\u003C\u002Fp>\u003Cp>Para investidores institucionais avaliando oportunidades mid-market na Europa, compreender essas dinâmicas é tão importante quanto analisar cap rates ou projeções de crescimento de aluguéis. A qualidade da liderança operacional no nível dos ativos, e as redes por meio das quais esses líderes se conectam ao capital, determinarão cada vez mais quais mercados e segmentos atrairão alocação.\u003C\u002Fp>\u003Ch2>Um mercado definido por seus operadores\u003C\u002Fh2>\u003Cp>O mercado imobiliário europeu está entrando em uma fase em que a credibilidade operacional tem tanto peso quanto a disponibilidade de capital. A nomeação de Gino Antonacci para liderar os asset services da Cushman & Wakefield na Itália, com base em um histórico de gestão de 33 shopping centers avaliados em €4,5 bilhões na Klépierre, é uma expressão concreta dessa mudança.\u003C\u002Fp>\u003Cp>Com o crescimento do PIB da zona do euro projetado em pouco abaixo de 1,0% e inflação prevista de 1,5% para 2026 segundo a CBRE, o ambiente macroeconômico continuará favorecendo operadores capazes de gerar retornos por meio de gestão ativa. O segmento mid-market, onde a intensidade operacional é mais alta e as assimetrias de informação são mais pronunciadas, tende a se beneficiar desproporcionalmente da convergência entre experiência operacional e capital institucional.\u003C\u002Fp>\u003Cp>Os profissionais que impulsionam essa convergência, e as redes que os conectam, estão se tornando a infraestrutura crítica do mercado. Para quem mapeia o deal flow imobiliário europeu, acompanhar os movimentos de carreira e o posicionamento em redes de figuras como Antonacci oferece um indicador antecipado de onde capital, capacidade e oportunidade se cruzarão a seguir.\u003C\u002Fp>","O artigo examina uma mudança estrutural no mercado imobiliário europeu, onde expertise operacional e capital institucional convergem, especialmente no segmento mid-market. A nomeação de Gino Antonacci como Head of Asset Services Italy na Cushman & Wakefield — após gerir 33 shopping centers avaliados em €4,5 bilhões na Klépierre — é o caso central. Com volumes de investimento de €241 bilhões em 2025 e crescimento do PIB projetado próximo a 1% para 2026, o ambiente favorece gestão ativa. Credibilidade operacional, redes de relacionamento e mobilidade profissional tornam-se infraestrutura crítica do deal flow.","\u003Cul>\n\u003Cli>O mercado imobiliário europeu vive convergência operador-investidor, com líderes atuando em capital, gestão de ativos e plataformas de serviços, reduzindo assimetria informacional no mid-market.\u003C\u002Fli>\n\u003Cli>A mudança de Antonacci da gestão de €4,5 bi em ativos na Klépierre para a liderança de asset services na Cushman & Wakefield exemplifica essa transformação.\u003C\u002Fli>\n\u003Cli>Volumes de investimento europeus atingiram €241 bi em 2025 (+13% a\u002Fa), com crescimento modesto do PIB (~1%) favorecendo criação de valor operacional.\u003C\u002Fli>\n\u003Cli>A originação de negócios mid-market flui cada vez mais por indivíduos e redes curadas como o GRI Club.\u003C\u002Fli>\n\u003Cli>A seleção de plataforma tornou-se uma decisão implícita de alocação de capital vinculada à qualidade da liderança operacional.\u003C\u002Fli>\n\u003C\u002Ful>\n","Gino Antonacci: deal flow imobiliário europeu","gino antonacci, david gluzman, gri real estate, gri club, cushman wakefield, klépierre, mercado imobiliário europeu, asset services, mid-market imobiliário","A mudança de Gino Antonacci da gestão de €4,5 bilhões em ativos na Klépierre para Head of Asset Services Italy na Cushman & Wakefield ilustra a convergência operador-investidor que remodela o deal flow mid-market europeu.",{"code":18},{"id":1480,"newsId":1447,"languageId":5,"title":1481,"subtitle":1482,"content":1483,"summary":1484,"takeaways":1485,"seoTagConversionId":8,"seoTag":8,"seoTitle":1486,"seoKeywords":1487,"seoDescription":1488,"seoAbstract":8,"seoImage":1466,"createdAt":1455,"updatedAt":8,"language":1489},4018,"Gino Antonacci y la convergencia operador-inversor que redefine el mid-market europeo","De gestionar €4.500 millones en activos retail en Klépierre a liderar asset services en Cushman & Wakefield Italia, la trayectoria de Antonacci refleja un cambi","\u003Cp>Los volúmenes de inversión inmobiliaria europea alcanzaron los €241.000 millones en 2025, un incremento interanual del 13 por ciento según CBRE. Detrás de la cifra principal, una transformación más sutil cobra impulso: la convergencia entre la experiencia operativa y el capital institucional en el segmento mid-market. Pocas trayectorias profesionales ilustran este cambio con tanta claridad como la de Gino Antonacci, cuyo reciente nombramiento como Head of Asset Services Italy en Cushman & Wakefield señala una alineación creciente entre operadores de plataforma y los inversores que despliegan capital a través de ellos.\u003C\u002Fp>\u003Cp>El nombramiento, efectivo desde el 2 de marzo de 2026 según Cushman & Wakefield, sitúa a Antonacci en la intersección entre la ejecución de gestión de activos y la asignación de capital transfronteriza. Su mandato lo posiciona dentro de una de las mayores firmas globales de servicios inmobiliarios en un momento en que los mercados europeos se recalibran en torno a la creación de valor operativo más allá de la mera compresión de yields.\u003C\u002Fp>\u003Ch2>De €4.500 millones en activos retail a una plataforma de servicios\u003C\u002Fh2>\u003Cp>Gino Antonacci construyó su perfil institucional durante su etapa como Managing Director para Italia en Klépierre Group, donde gestionó 33 centros comerciales con un valor total de cartera de €4.500 millones, según la comunicación de nombramiento de Cushman & Wakefield. Esa escala de responsabilidad operativa, concentrada en el segmento retail en uno de los mercados inmobiliarios más complejos de Europa, estableció un historial que conecta la gestión de activos del lado propietario con el ecosistema de servicios de asesoría que ahora absorbe esa experiencia.\u003C\u002Fp>\u003Cp>La transición de un rol de operador principal en un REIT cotizado a una posición de liderazgo de plataforma en una firma global de servicios refleja un patrón más amplio visible en el mercado inmobiliario europeo. Los propietarios institucionales buscan cada vez más socios de asset services que aporten experiencia directa en gestión de carteras, no solo capacidad de asesoría transaccional. La trayectoria profesional de Antonacci encarna esta señal de demanda.\u003C\u002Fp>\u003Cp>Para el segmento mid-market en particular, donde la complejidad de las operaciones a menudo supera su tamaño, la capacidad de combinar conocimiento operativo granular con marcos de gobernanza y reporting de grado institucional se está convirtiendo en un diferenciador. Los operadores que han gestionado miles de millones en activos para vehículos cotizados aportan disciplina y estándares de transparencia que los propietarios mid-market difícilmente pueden replicar internamente.\u003C\u002Fp>\u003Ch2>¿Qué significa la convergencia operador-inversor para el deal flow europeo?\u003C\u002Fh2>\u003Cp>El concepto de convergencia operador-inversor describe un realineamiento estructural en cómo se originan, suscriben y ejecutan las transacciones inmobiliarias. En lugar de mantener separaciones rígidas entre proveedores de capital, gestores de activos y plataformas de servicios, el mercado está produciendo líderes cuya experiencia abarca las tres funciones.\u003C\u002Fp>\u003Cp>Esta convergencia importa para el deal flow porque comprime la asimetría de información que tradicionalmente ralentizaba las transacciones mid-market. Cuando la persona que lidera asset services tiene experiencia directa gestionando carteras a escala institucional, el proceso de due diligence se acelera. Los socios de capital ganan confianza en las hipótesis operativas. El riesgo de ejecución disminuye.\u003C\u002Fp>\u003Cp>El mercado europeo de inversión inmobiliaria alcanzó aproximadamente €75.000 millones en el primer semestre de 2025, según Houlihan Lokey. Ese ritmo de despliegue, sostenido durante un periodo de ajuste de tipos y recalibración de precios, requirió precisamente el tipo de credibilidad operativa que representan figuras como Antonacci. Los inversores que colocan capital en un mercado de transición quieren operadores que hayan navegado ciclos comparables desde el lado principal.\u003C\u002Fp>\u003Cp>Dentro de la red GRI Club, donde inversores institucionales y operadores convergen en reuniones a puerta cerrada, el perfil de los participantes refleja esta tendencia. Ejecutivos sénior con trayectoria directa en gestión de carteras participan cada vez más junto a asignadores de capital y prestamistas, creando la infraestructura relacional a través de la cual se originan las transacciones mid-market.\u003C\u002Fp>\u003Ch2>¿Cómo encaja el mercado italiano en la recuperación europea más amplia?\u003C\u002Fh2>\u003Cp>Italia ocupa una posición distintiva en la recuperación inmobiliaria europea. El país combina una profunda complejidad operativa —desde estructuras de propiedad fragmentadas hasta entornos regulatorios superpuestos— con oportunidades significativas de repricing que atraen capital transfronterizo. El nombramiento de Antonacci para liderar asset services en este mercado llega en un momento estratégico.\u003C\u002Fp>\u003Cp>CBRE proyecta que el PIB de la eurozona se expandirá justo por debajo del 1,0 por ciento en 2026, con una inflación esperada promedio del 1,5 por ciento en el mismo periodo, según las previsiones de la consultora. Ese contexto macroeconómico, caracterizado por un crecimiento modesto e inflación contenida, favorece estrategias de creación de valor a nivel de activo frente al posicionamiento especulativo. En términos prácticos, recompensa a los operadores capaces de extraer rendimiento de carteras existentes en lugar de depender de vientos favorables de los mercados de capitales.\u003C\u002Fp>\u003Cp>El sector retail italiano, donde Antonacci acumuló su experiencia del lado principal, ha experimentado un repricing significativo y una reestructuración operativa en los últimos años. Los 33 centros comerciales que gestionó en Klépierre representan una concentración sustancial de activos retail de grado institucional en un mercado donde tales carteras son relativamente escasas. Esa base de experiencia le otorga una comprensión granular de la dinámica de inquilinos, la economía de afluencia y la optimización de inversiones de capital, que se traduce directamente en la prestación de asset services.\u003C\u002Fp>\u003Cp>La recuperación más amplia de la inversión europea, con volúmenes de 2025 alcanzando los €241.000 millones según CBRE, proporciona el contexto de oferta de capital. Italia está posicionada para captar una cuota creciente de ese capital a medida que los inversores buscan mercados donde el alfa operativo sigue siendo alcanzable. Contar con un operador reconocido al frente de la división de asset services de una plataforma importante refuerza la credibilidad institucional del mercado.\u003C\u002Fp>\u003Ch2>El papel de los prestamistas especializados en la tesis de convergencia\u003C\u002Fh2>\u003Cp>La convergencia operador-inversor requiere socios financieros que comprendan ambos lados de la ecuación. David Gluzman, Senior Originator and Director en Deutsche Pfandbriefbank AG, representa la perspectiva crediticia dentro de este marco de convergencia. Deutsche Pfandbriefbank es un banco europeo especializado líder en financiación inmobiliaria, según registros del GRI Institute, y sus profesionales de originación trabajan en la interfaz donde la calidad del operador influye directamente en las decisiones crediticias.\u003C\u002Fp>\u003Cp>Los prestamistas especializados evalúan a los prestatarios a través de una lente operativa tanto como financiera. La calidad de la gestión de activos, la credibilidad de los planes de negocio y el historial del equipo operativo alimentan las evaluaciones de suscripción. Cuando los operadores aportan pedigrí institucional de roles como principal, la conversación sobre financiación pasa de la mitigación de riesgos a la estructuración de alianzas.\u003C\u002Fp>\u003Cp>Tanto Antonacci como Gluzman son participantes activos en la red GRI Club, donde las relaciones entre prestamistas y operadores se cultivan en formato peer-to-peer. Este posicionamiento en red importa porque el deal flow mid-market en el mercado inmobiliario europeo sigue siendo fundamentalmente impulsado por relaciones. Las transacciones más grandes atraen procesos competitivos. El mid-market, en cambio, recompensa la confianza, la interacción recurrente y el tipo de capital reputacional que se construye mediante presencia sostenida en comunidades profesionales selectas.\u003C\u002Fp>\u003Ch2>Implicaciones estructurales para la asignación de capital\u003C\u002Fh2>\u003Cp>La convergencia operador-inversor que la trayectoria de Antonacci ejemplifica conlleva varias implicaciones estructurales para la asignación de capital en el mercado inmobiliario europeo.\u003C\u002Fp>\u003Cp>En primer lugar, la selección de plataforma se convierte en una decisión de asignación de capital. Cuando los inversores eligen un socio de asset services, están haciendo una apuesta implícita sobre la filosofía operativa y la red de los individuos que lideran esa plataforma. El nombramiento de Antonacci otorga a Cushman & Wakefield un líder con credenciales de principal en uno de los mercados más exigentes operativamente de Europa.\u003C\u002Fp>\u003Cp>En segundo lugar, la originación de operaciones mid-market fluye cada vez más a través de individuos en lugar de instituciones. Los profesionales que han gestionado grandes carteras, construido relaciones con prestamistas y mantenido presencia en redes como GRI Club se convierten en nodos a través de los cuales circulan las oportunidades de transacción. Mapear a estos individuos es en sí mismo una forma de inteligencia de mercado.\u003C\u002Fp>\u003Cp>En tercer lugar, la distinción entre operador e inversor se está volviendo permeable. Los profesionales transitan entre roles de principal, asesoría y servicios a lo largo de sus carreras, trasladando conocimiento institucional a través de fronteras organizativas. Esta permeabilidad enriquece la capacidad colectiva del mercado, pero también concentra la influencia en una cohorte relativamente pequeña de líderes experimentados.\u003C\u002Fp>\u003Cp>Para los inversores institucionales que evalúan oportunidades mid-market en Europa, comprender estas dinámicas es tan importante como analizar cap rates o proyecciones de crecimiento de rentas. La calidad del liderazgo operativo a nivel de activo, y las redes a través de las cuales esos líderes se conectan con el capital, determinarán cada vez más qué mercados y segmentos atraen inversión.\u003C\u002Fp>\u003Ch2>Un mercado definido por sus operadores\u003C\u002Fh2>\u003Cp>El mercado inmobiliario europeo está entrando en una fase en la que la credibilidad operativa tiene tanto peso como la disponibilidad de capital. El nombramiento de Gino Antonacci para liderar los asset services de Cushman & Wakefield en Italia, respaldado por un historial de gestión de 33 centros comerciales valorados en €4.500 millones en Klépierre, es una expresión concreta de este cambio.\u003C\u002Fp>\u003Cp>Con un crecimiento del PIB de la eurozona proyectado justo por debajo del 1,0 por ciento y una inflación prevista del 1,5 por ciento para 2026 según CBRE, el entorno macroeconómico seguirá favoreciendo a los operadores capaces de generar retornos mediante gestión activa. El segmento mid-market, donde la intensidad operativa es mayor y las asimetrías de información más pronunciadas, se beneficiará desproporcionadamente de la convergencia entre experiencia operativa y capital institucional.\u003C\u002Fp>\u003Cp>Los profesionales que impulsan esta convergencia, y las redes que los conectan, se están convirtiendo en la infraestructura crítica del mercado. Para quienes mapean el deal flow inmobiliario europeo, seguir los movimientos profesionales y el posicionamiento en redes de figuras como Antonacci ofrece un indicador adelantado de dónde se cruzarán capital, capacidad y oportunidad a continuación.\u003C\u002Fp>","El artículo examina un cambio estructural en el inmobiliario europeo donde la experiencia operativa y el capital institucional convergen, especialmente en el segmento mid-market. El nombramiento de Gino Antonacci como Head of Asset Services Italy en Cushman & Wakefield — tras gestionar 33 centros comerciales valorados en €4.500 millones en Klépierre — es el caso central. Con volúmenes de inversión de €241.000 millones en 2025 y crecimiento del PIB cercano al 1% para 2026, el entorno favorece la gestión activa. La credibilidad operativa y las redes de relación se convierten en infraestructura crítica del deal flow.","\u003Cul>\n\u003Cli>El inmobiliario europeo experimenta convergencia operador-inversor, con líderes que abarcan capital, gestión de activos y plataformas de servicios, reduciendo la asimetría informativa en el mid-market.\u003C\u002Fli>\n\u003Cli>El paso de Antonacci de gestionar €4.500 M en activos en Klépierre a liderar asset services en Cushman & Wakefield ejemplifica este cambio estructural.\u003C\u002Fli>\n\u003Cli>Los volúmenes de inversión europeos alcanzaron €241.000 M en 2025 (+13% interanual), con crecimiento moderado del PIB (~1%) que favorece la creación de valor operativo.\u003C\u002Fli>\n\u003Cli>La originación de operaciones mid-market fluye cada vez más a través de individuos y redes selectas como GRI Club.\u003C\u002Fli>\n\u003Cli>La selección de plataforma se ha convertido en una decisión implícita de asignación de capital vinculada a la calidad del liderazgo operativo.\u003C\u002Fli>\n\u003C\u002Ful>\n","Gino Antonacci: deal flow inmobiliario europeo","gino antonacci, david gluzman, gri real estate, gri club, cushman wakefield, klépierre, mercado inmobiliario europeo, asset services, mid-market inmobiliario","La transición de Gino Antonacci de gestionar €4.500 millones en activos en Klépierre a Head of Asset Services Italy en Cushman & Wakefield ilustra la convergencia operador-inversor que redefine el deal flow mid-market europeo.",{"code":23},{"id":25,"color":27,"translations":1491},[1492,1494,1496],{"title":26,"slug":30,"language":1493},{"code":13},{"title":37,"slug":38,"language":1495},{"code":18},{"title":33,"slug":34,"language":1497},{"code":23},[1499,1507,1515],{"id":5,"label":1319,"translations":1500},[1501,1503,1505],{"label":1319,"slug":1330,"language":1502},{"code":13},{"label":1319,"slug":1330,"language":1504},{"code":18},{"label":1319,"slug":1330,"language":1506},{"code":23},{"id":65,"label":1231,"translations":1508},[1509,1511,1513],{"label":1231,"slug":1242,"language":1510},{"code":13},{"label":1245,"slug":1246,"language":1512},{"code":18},{"label":1249,"slug":1250,"language":1514},{"code":23},{"id":93,"label":1253,"translations":1516},[1517,1519,1521],{"label":1253,"slug":1264,"language":1518},{"code":13},{"label":1267,"slug":1268,"language":1520},{"code":18},{"label":1271,"slug":1272,"language":1522},{"code":23},[1524,1527,1529,1531,1534,1537,1539],{"name":356,"enName":356,"ptName":1525,"iso2":1526},"Alemanha","DE",{"name":797,"enName":797,"ptName":797,"iso2":1528},"ES",{"name":336,"enName":336,"ptName":336,"iso2":1530},"FR",{"name":885,"enName":885,"ptName":1532,"iso2":1533},"Reino Unido","GB",{"name":452,"enName":452,"ptName":1535,"iso2":1536},"Itália","IT",{"name":611,"enName":611,"ptName":611,"iso2":1538},"NL",{"name":689,"enName":689,"ptName":689,"iso2":1540},"PT",[1542],{"name":1543,"slug":1544,"image":8,"order":115},"GRI Institute","gri-institute",{"en":1546,"pt-BR":1547,"es":1548},"\u002Freal-estate\u002Fgino-antonacci-operator-investor-convergence-european-real-estate-deal-flow","\u002Fmercado-imobiliario\u002Fgino-antonacci-operator-investor-convergence-european-real-estate-deal-flow","\u002Fmercado-inmobiliario\u002Fgino-antonacci-operator-investor-convergence-european-real-estate-deal-flow",[1550,1551,1552,1553,1554,1555],"Infra Brazil","Infra Latam","Real Estate Brazil","Real Estate Europe","Real Estate India","Real Estate Latam"]