[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$fWJDsHAQ6CLoVvTVD9A3h5b3OQINtZN4Lgf5KRFFTPPo":3,"$fTe5HE0Z1vo2J86ZJWWdF8KMsEsay4hhvzos2gbGNccM":40,"$f_iPoKLJTmna0hysc3JyPQYvKVRe6ciD7LTGcnXYUH3Q":941,"$fXwiTeKQshSMkfxgjiLyO80Ioxf2Rgm-xVVTFq2eTzmU":1446,"$fp68hrMLSAJv7mcNXQMg9VWYpfosTWfsdtoH90OP7mmg":1548},[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":615,"createdAt":1454,"updatedAt":8,"translations":1455,"segment":1489,"categories":1497,"countries":1522,"authors":1540,"urls":1544},3151,"TRUE","david-gluzman-gino-antonacci-european-real-estate-capital-cycle","David Gluzman, Gino Antonacci, and the principals driving Europe's next capital cycle",false,"https:\u002F\u002Fcdn.griinstitute.org\u002Fuploads\u002Fhubnews\u002Fdavid-gluzman-gino-antonacci-european-real-estate-capital-cycle.webp","2026-03-05T00:00:00.000Z","2026-03-17T20:14:15.000Z",[1456,1467,1478],{"id":1457,"newsId":1447,"languageId":47,"title":1450,"subtitle":1458,"content":1459,"summary":1460,"takeaways":1461,"seoTagConversionId":8,"seoTag":8,"seoTitle":1462,"seoKeywords":1463,"seoDescription":1464,"seoAbstract":8,"seoImage":1465,"createdAt":1454,"updatedAt":8,"language":1466},3567,"From Greykite's $1.4bn debut fund to Net Zero Properties' 7,800-unit acquisition, a new cohort of dealmakers is reshaping European real estate allocation.","\u003Cp>European real estate investment volumes are forecast to reach €52 billion in Q1 2026 alone, according to Savills. Behind the headline figure, a less visible but equally consequential shift is underway: a new generation of principals is stepping into leadership roles across debt origination, asset management, fund strategy, and opportunistic acquisition. Their collective moves offer a revealing map of where institutional capital is heading.\u003C\u002Fp>\n\u003Cp>GRI Institute tracks these transitions closely. In conversations across its European club gatherings and through direct engagement with senior decision-makers, a distinct pattern has emerged. The names drawing attention from LPs, co-investors, and market participants are not always those atop the largest platforms. They are, increasingly, the operators and originators positioned at the intersection of capital availability and structural market change.\u003C\u002Fp>\n\u003Cp>Five principals, in particular, illustrate this pattern: David Gluzman, Gino Antonacci, Michael Abel, Marco Zarges, and Tatiana Tezel. Each commands a different node in the European real estate value chain. Together, they represent the breadth of the current cycle's investment thesis.\u003C\u002Fp>\n\u003Ch2>Who is David Gluzman and what role does he play in European real estate debt?\u003C\u002Fh2>\n\u003Cp>David Gluzman is a Senior Originator and Director at Deutsche Pfandbriefbank AG (pbb), one of Europe's leading specialist lenders for commercial real estate finance, according to GRI Institute and CFNEWS. His focus on real estate debt places him at the centre of a market segment experiencing significant momentum. ING forecasts that real estate bond supply will reach €40 billion in 2026, the second-highest level on record. This projection underlines the scale of refinancing activity and new issuance flowing through the European debt stack.\u003C\u002Fp>\n\u003Cp>Pbb's platform is a critical conduit for cross-border lending in Germany, the UK, France, and beyond. Senior originators like Gluzman are responsible for structuring and sourcing transactions that underpin billions of euros in annual deployment. In a cycle where equity returns remain compressed in core segments, the debt side of the capital structure has attracted heightened attention from institutional allocators seeking yield with downside protection.\u003C\u002Fp>\n\u003Cp>The expansion of real estate bond markets reflects both a normalisation of interest rate expectations and the return of leveraged acquisition strategies. Originators with deep sponsor relationships and granular market knowledge play an outsized role in determining which transactions proceed and on what terms. Gluzman's position at pbb places him squarely in this gatekeeper function.\u003C\u002Fp>\n\u003Ch2>Michael Abel and Greykite: a clean-slate opportunistic platform\u003C\u002Fh2>\n\u003Cp>Michael Abel's firm, Greykite, secured $1.4 billion in capital commitments for its debut European Real Estate Fund I, as reported by PERE News and IPE Real Assets in October 2025. The raise is notable for several reasons. First, the quantum: a debut fund exceeding one billion dollars signals strong LP conviction in the team's sourcing capability and investment thesis. Second, the positioning: Greykite enters the market unburdened by legacy portfolio issues, a structural advantage that allows it to deploy capital into dislocated opportunities without the drag of mark-to-market writedowns on prior vintages.\u003C\u002Fp>\n\u003Cp>Greykite represents the return of opportunistic capital to European real estate at a moment when distress is selective rather than systemic. Sectors and geographies are repricing at different speeds, creating pockets of relative value for managers with the flexibility to move quickly. A $1.4 billion war chest positions Abel's team to act decisively on complex situations, including recapitalisations, platform acquisitions, and development rescues.\u003C\u002Fp>\n\u003Cp>The fund's debut coincides with Savills' forecast that full-year European real estate investment volumes will rise by 16% in 2026. Opportunistic capital tends to deploy early in a recovery cycle, and Greykite's timing suggests Abel and his partners see the current vintage as a generational entry point.\u003C\u002Fp>\n\u003Ch2>Marco Zarges and the brown-to-green residential thesis\u003C\u002Fh2>\n\u003Cp>Marco Zarges's investment vehicle, Net Zero Properties, acquired a portfolio of 7,800 residential units from ZBI, as reported by Thomas Daily in October 2024. The transaction is a defining example of the brown-to-green distressed opportunity play that has gained traction among value-add and opportunistic investors across Germany and northern Europe.\u003C\u002Fp>\n\u003Cp>The thesis is straightforward in concept but demanding in execution: acquire energy-inefficient residential assets from stressed sellers, retrofit them to higher environmental standards, and capture both rental upside and capital appreciation as the regulatory premium for green buildings widens. ZBI's disposal of the portfolio reflected the pressures facing German open-ended funds navigating redemption queues and portfolio rebalancing requirements.\u003C\u002Fp>\n\u003Cp>Net Zero Properties' acquisition sits at the confluence of two powerful trends. On the demand side, institutional capital is flowing into residential and logistics sectors, which ING expects will continue to dominate investment in 2026, with office seeing a pickup as sentiment improves. On the supply side, distressed and semi-distressed portfolios are reaching the market as legacy fund structures unwind positions acquired at peak pricing.\u003C\u002Fp>\n\u003Cp>The regulatory environment adds further tailoring to this thesis. Across the EU, energy performance requirements for existing buildings are tightening, creating a compliance timeline that penalises inaction. Investors willing to commit capex to retrofit programmes can capture the spread between acquisition pricing for unrenovated stock and stabilised values for upgraded assets.\u003C\u002Fp>\n\u003Ch2>What does the appointment of Gino Antonacci and Tatiana Tezel signal about platform strategy?\u003C\u002Fh2>\n\u003Cp>Gino Antonacci was appointed Head of Asset Services Italy at Cushman & Wakefield, effective March 2, 2026, according to Cushman & Wakefield and Financecommunity.it. The appointment reflects a broader pattern among global service firms: reinforcing operational capability in southern European markets where transaction activity and asset management mandates are accelerating.\u003C\u002Fp>\n\u003Cp>Italy has emerged as a market of growing strategic interest for cross-border investors drawn by yield premiums relative to northern Europe and by the structural undersupply of institutional-quality product in logistics, hospitality, and residential segments. Antonacci's mandate to lead asset services positions him to influence how international capital is managed on the ground, bridging the gap between portfolio strategy and local execution.\u003C\u002Fp>\n\u003Cp>Tatiana Tezel's appointment as Fund Manager for the Hines European Property Partners (HEPP) core-plus fund, reported by Hines and Green Street News in March 2026, carries a different but complementary signal. HEPP is a flagship vehicle within one of the world's largest privately held real estate organisations. Placing Tezel in charge of the fund's strategy and deployment reflects Hines' confidence in a leader who will oversee allocation decisions across multiple European markets.\u003C\u002Fp>\n\u003Cp>Core-plus strategies occupy a distinctive position in the current cycle. They offer investors exposure to income-producing assets with moderate value-creation upside, typically through lease restructuring, light refurbishment, or repositioning. As the yield gap between core and value-add narrows, core-plus funds compete for capital by demonstrating operational alpha, the ability to generate returns through active management rather than leverage or market beta alone.\u003C\u002Fp>\n\u003Cp>Both appointments reinforce a broader observation: platforms are investing in leadership talent not merely to maintain operations but to position for the next phase of capital deployment. Personnel decisions at this level are, in effect, strategic bets on market direction.\u003C\u002Fp>\n\u003Ch2>Regulatory currents shaping the investment landscape\u003C\u002Fh2>\n\u003Cp>The principals profiled here operate within a regulatory environment that is evolving rapidly. Three developments merit attention for their potential to redirect capital flows in 2026 and beyond.\u003C\u002Fp>\n\u003Cp>In Ireland, the extension of Rent Pressure Zones, effective March 2026, caps rental growth at the lower of CPI or 2%, with new builds exempt. The exemption creates a deliberate incentive for new supply, channelling residential investment toward development rather than existing stock acquisition.\u003C\u002Fp>\n\u003Cp>In the United Kingdom, the Renters' Rights Bill, effective May 2026, outlaws no-fault evictions under Section 21 and ends fixed-term tenancies. For institutional landlords operating build-to-rent platforms, the legislation formalises tenant protections that most professional operators already observe. The greater impact may fall on smaller private landlords, potentially accelerating the institutionalisation of the UK rental market.\u003C\u002Fp>\n\u003Cp>At the EU level, the Cloud Sovereignty Framework, introduced in September 2025, sets criteria for assessing the sovereignty level of cloud services procured by EU institutions. While not a real estate regulation per se, the framework has direct implications for data centre demand, steering procurement toward facilities that meet sovereignty standards and potentially reshaping the geography of hyperscale and colocation development across Europe.\u003C\u002Fp>\n\u003Ch2>A capital cycle defined by its operators\u003C\u002Fh2>\n\u003Cp>The recovery taking shape across European real estate in 2026 will not be defined solely by aggregate volume figures, however encouraging those may be. It will be defined by the individuals making allocation, origination, and operational decisions at the asset and fund level.\u003C\u002Fp>\n\u003Cp>David Gluzman, Gino Antonacci, Michael Abel, Marco Zarges, and Tatiana Tezel each represent a distinct channel through which capital enters, transforms, and exits European property markets. Their appointments, fund closes, and acquisitions are leading indicators of where institutional conviction is forming.\u003C\u002Fp>\n\u003Cp>GRI Institute will continue to track these principals and the broader trends they represent, providing members with the analytical depth required to navigate a market in transition.\u003C\u002Fp>\n","A new cohort of principals is shaping European real estate's recovery cycle heading into 2026. David Gluzman at pbb anchors a €40 billion debt origination pipeline; Michael Abel's Greykite raised $1.4 billion for opportunistic deployment; Marco Zarges's Net Zero Properties acquired 7,800 residential units in a brown-to-green play; and leadership appointments for Gino Antonacci at Cushman & Wakefield Italy and Tatiana Tezel at Hines' core-plus fund signal platform-level strategic bets.\n\nWith European investment volumes forecast to rise 16% in 2026 and regulatory changes redirecting capital toward new supply, retrofits, and sovereign-compliant data centres, these operators serve as leading indicators of where institutional conviction is forming.","\u003Cul>\n\u003Cli>European real estate investment volumes are forecast at €52 billion in Q1 2026 alone, with full-year volumes expected to rise 16%.\u003C\u002Fli>\n\u003Cli>Greykite's $1.4 billion debut fund signals strong LP conviction in opportunistic European real estate strategies at what principals see as a generational entry point.\u003C\u002Fli>\n\u003Cli>Net Zero Properties' 7,800-unit acquisition exemplifies the brown-to-green thesis—buying energy-inefficient assets from stressed sellers and retrofitting for regulatory and rental upside.\u003C\u002Fli>\n\u003Cli>Real estate bond supply is projected to hit €40 billion in 2026, elevating the strategic importance of debt originators like David Gluzman at pbb.\u003C\u002Fli>\n\u003Cli>Key regulatory shifts—Ireland's rent caps, the UK's Renters' Rights Bill, and the EU Cloud Sovereignty Framework—are actively redirecting capital flows.\u003C\u002Fli>\n\u003C\u002Ful>\n","David Gluzman, Gino Antonacci: Europe's dealmakers","david gluzman, gino antonacci, michael abel, marco zarges, tatiana tezel","Profile of David Gluzman, Gino Antonacci, Michael Abel, Marco Zarges, and Tatiana Tezel, the principals driving European real estate's next capital cycle. Data on Greykite's $1.4bn fund, Net Zero Properties' 7,800-unit deal, and 2026 investment forecasts.","https:\u002F\u002Fcdn.griinstitute.org\u002Fuploads\u002Fhubnews\u002Fdavid-gluzman-gino-antonacci-european-real-estate-capital-cycle-seo.jpg",{"code":13},{"id":1468,"newsId":1447,"languageId":25,"title":1469,"subtitle":1470,"content":1471,"summary":1472,"takeaways":1473,"seoTagConversionId":8,"seoTag":8,"seoTitle":1474,"seoKeywords":1475,"seoDescription":1476,"seoAbstract":8,"seoImage":1465,"createdAt":1454,"updatedAt":8,"language":1477},3568,"David Gluzman, Gino Antonacci e os líderes do próximo ciclo de capital na Europa","Do fundo de estreia de US$ 1,4 bi da Greykite à aquisição de 7.800 unidades da Net Zero Properties, novos dealmakers redesenham a alocação imobiliária europeia.","\u003Cp>Os volumes de investimento imobiliário na Europa devem atingir €52 bilhões apenas no 1º trimestre de 2026, segundo a Savills. Por trás desse número, uma mudança menos visível, mas igualmente relevante, está em curso: uma nova geração de líderes assume posições de destaque em originação de dívida, gestão de ativos, estratégia de fundos e aquisições oportunísticas. Seus movimentos coletivos oferecem um mapa revelador de para onde o capital institucional está se dirigindo.\u003C\u002Fp>\n\u003Cp>O GRI Institute acompanha essas transições de perto. Em conversas ao longo de seus encontros de clube europeus e por meio de engajamento direto com tomadores de decisão seniores, um padrão distinto emergiu. Os nomes que atraem a atenção de LPs, coinvestidores e participantes de mercado nem sempre estão no topo das maiores plataformas. São, cada vez mais, os operadores e originadores posicionados na interseção entre disponibilidade de capital e mudança estrutural de mercado.\u003C\u002Fp>\n\u003Cp>Cinco líderes, em particular, ilustram esse padrão: David Gluzman, Gino Antonacci, Michael Abel, Marco Zarges e Tatiana Tezel. Cada um comanda um nó diferente na cadeia de valor do mercado imobiliário europeu. Juntos, representam a amplitude da tese de investimento do ciclo atual.\u003C\u002Fp>\n\u003Ch2>Quem é David Gluzman e qual seu papel na dívida imobiliária europeia?\u003C\u002Fh2>\n\u003Cp>David Gluzman é Senior Originator e Diretor na Deutsche Pfandbriefbank AG (pbb), uma das principais instituições especializadas em financiamento imobiliário comercial na Europa, segundo o GRI Institute e a CFNEWS. Seu foco em dívida imobiliária o coloca no centro de um segmento de mercado que vive momento significativo. O ING prevê que a oferta de títulos imobiliários alcançará €40 bilhões em 2026, o segundo maior nível já registrado. Essa projeção evidencia a escala da atividade de refinanciamento e novas emissões fluindo pela estrutura de dívida europeia.\u003C\u002Fp>\n\u003Cp>A plataforma da pbb é um canal essencial para empréstimos transfronteiriços na Alemanha, Reino Unido, França e além. Originadores seniores como Gluzman são responsáveis por estruturar e captar transações que sustentam bilhões de euros em implantação anual. Em um ciclo onde os retornos de equity permanecem comprimidos em segmentos core, o lado da dívida na estrutura de capital tem atraído maior atenção de alocadores institucionais que buscam rendimento com proteção contra perdas.\u003C\u002Fp>\n\u003Cp>A expansão dos mercados de títulos imobiliários reflete tanto uma normalização das expectativas de taxas de juros quanto o retorno de estratégias de aquisição alavancadas. Originadores com relacionamentos profundos com sponsors e conhecimento granular de mercado desempenham um papel desproporcional em determinar quais transações avançam e em que termos. A posição de Gluzman na pbb o coloca diretamente nessa função de gatekeeper.\u003C\u002Fp>\n\u003Ch2>Michael Abel e Greykite: uma plataforma oportunística partindo do zero\u003C\u002Fh2>\n\u003Cp>A empresa de Michael Abel, Greykite, captou US$ 1,4 bilhão em compromissos de capital para seu European Real Estate Fund I inaugural, conforme reportado pela PERE News e IPE Real Assets em outubro de 2025. A captação é notável por diversas razões. Primeiro, o volume: um fundo de estreia superando um bilhão de dólares sinaliza forte convicção dos LPs na capacidade de originação e na tese de investimento da equipe. Segundo, o posicionamento: a Greykite entra no mercado sem o peso de problemas de portfólio legado, uma vantagem estrutural que permite alocar capital em oportunidades dislocadas sem o arrasto de marcações a mercado negativas de safras anteriores.\u003C\u002Fp>\n\u003Cp>A Greykite representa o retorno do capital oportunístico ao mercado imobiliário europeu em um momento em que o distress é seletivo, e não sistêmico. Setores e geografias estão sendo reprecificados em velocidades diferentes, criando bolsões de valor relativo para gestores com flexibilidade para agir rapidamente. Um arsenal de US$ 1,4 bilhão posiciona a equipe de Abel para atuar decisivamente em situações complexas, incluindo recapitalizações, aquisições de plataformas e resgates de empreendimentos.\u003C\u002Fp>\n\u003Cp>A estreia do fundo coincide com a previsão da Savills de que os volumes totais de investimento imobiliário europeu crescerão 16% em 2026. O capital oportunístico tende a ser implantado no início de um ciclo de recuperação, e o timing da Greykite sugere que Abel e seus sócios enxergam a safra atual como um ponto de entrada geracional.\u003C\u002Fp>\n\u003Ch2>Marco Zarges e a tese residencial brown-to-green\u003C\u002Fh2>\n\u003Cp>O veículo de investimento de Marco Zarges, Net Zero Properties, adquiriu um portfólio de 7.800 unidades residenciais da ZBI, conforme reportado pelo Thomas Daily em outubro de 2024. A transação é um exemplo definidor da estratégia oportunística brown-to-green que ganhou tração entre investidores value-add e oportunísticos na Alemanha e no norte da Europa.\u003C\u002Fp>\n\u003Cp>A tese é direta em conceito, mas exigente na execução: adquirir ativos residenciais energeticamente ineficientes de vendedores pressionados, reformá-los para padrões ambientais mais elevados e capturar tanto a valorização de aluguel quanto a apreciação de capital à medida que o prêmio regulatório para edifícios verdes se amplia. A venda do portfólio pela ZBI refletiu as pressões enfrentadas por fundos abertos alemães lidando com filas de resgates e exigências de rebalanceamento de portfólio.\u003C\u002Fp>\n\u003Cp>A aquisição da Net Zero Properties situa-se na confluência de duas tendências poderosas. Do lado da demanda, o capital institucional está fluindo para os setores residencial e logístico, que o ING espera que continuem a dominar os investimentos em 2026, com o segmento de escritórios apresentando retomada à medida que o sentimento melhora. Do lado da oferta, portfólios em distress e semi-distress estão chegando ao mercado conforme estruturas de fundos legados desfazem posições adquiridas no pico de preços.\u003C\u002Fp>\n\u003Cp>O ambiente regulatório adiciona mais uma camada a essa tese. Em toda a UE, as exigências de desempenho energético para edifícios existentes estão se tornando mais rígidas, criando um cronograma de conformidade que penaliza a inação. Investidores dispostos a comprometer capex em programas de retrofit podem capturar o spread entre o preço de aquisição de estoque não renovado e os valores estabilizados de ativos renovados.\u003C\u002Fp>\n\u003Ch2>O que a nomeação de Gino Antonacci e Tatiana Tezel sinaliza sobre estratégia de plataforma?\u003C\u002Fh2>\n\u003Cp>Gino Antonacci foi nomeado Head of Asset Services Italy na Cushman & Wakefield, com efeito a partir de 2 de março de 2026, segundo a Cushman & Wakefield e a Financecommunity.it. A nomeação reflete um padrão mais amplo entre as firmas globais de serviços: reforçar a capacidade operacional em mercados do sul da Europa onde a atividade transacional e os mandatos de gestão de ativos estão acelerando.\u003C\u002Fp>\n\u003Cp>A Itália emergiu como um mercado de crescente interesse estratégico para investidores transfronteiriços atraídos por prêmios de rendimento em relação ao norte da Europa e pela escassez estrutural de produto de qualidade institucional nos segmentos de logística, hotelaria e residencial. O mandato de Antonacci para liderar os serviços de ativos o posiciona para influenciar como o capital internacional é gerido localmente, fazendo a ponte entre a estratégia de portfólio e a execução local.\u003C\u002Fp>\n\u003Cp>A nomeação de Tatiana Tezel como Fund Manager do fundo core-plus Hines European Property Partners (HEPP), reportada pela Hines e Green Street News em março de 2026, carrega um sinal diferente, mas complementar. O HEPP é um veículo flagship dentro de uma das maiores organizações imobiliárias privadas do mundo. Colocar Tezel no comando da estratégia e da alocação do fundo reflete a confiança da Hines em uma líder que supervisionará decisões de investimento em múltiplos mercados europeus.\u003C\u002Fp>\n\u003Cp>Estratégias core-plus ocupam uma posição distintiva no ciclo atual. Oferecem aos investidores exposição a ativos geradores de renda com potencial moderado de criação de valor, tipicamente por meio de reestruturação de contratos de locação, reformas leves ou reposicionamento. À medida que o gap de rendimento entre core e value-add se estreita, fundos core-plus competem por capital demonstrando alfa operacional — a capacidade de gerar retornos por meio de gestão ativa, e não apenas por alavancagem ou beta de mercado.\u003C\u002Fp>\n\u003Cp>Ambas as nomeações reforçam uma observação mais ampla: as plataformas estão investindo em talentos de liderança não apenas para manter operações, mas para se posicionar para a próxima fase de alocação de capital. Decisões de pessoal nesse nível são, na prática, apostas estratégicas na direção do mercado.\u003C\u002Fp>\n\u003Ch2>Correntes regulatórias moldando o cenário de investimentos\u003C\u002Fh2>\n\u003Cp>Os líderes perfilados aqui operam dentro de um ambiente regulatório em rápida evolução. Três desenvolvimentos merecem atenção por seu potencial de redirecionar fluxos de capital em 2026 e além.\u003C\u002Fp>\n\u003Cp>Na Irlanda, a extensão das Rent Pressure Zones, em vigor a partir de março de 2026, limita o crescimento dos aluguéis ao menor entre o IPC ou 2%, com isenção para novas construções. A isenção cria um incentivo deliberado para nova oferta, canalizando o investimento residencial para desenvolvimento em vez de aquisição de estoque existente.\u003C\u002Fp>\n\u003Cp>No Reino Unido, o Renters' Rights Bill, em vigor a partir de maio de 2026, proíbe despejos sem justa causa sob a Seção 21 e encerra contratos de locação por prazo determinado. Para proprietários institucionais operando plataformas de build-to-rent, a legislação formaliza proteções ao inquilino que a maioria dos operadores profissionais já observa. O impacto maior pode recair sobre proprietários privados menores, potencialmente acelerando a institucionalização do mercado de aluguel britânico.\u003C\u002Fp>\n\u003Cp>No nível da UE, o Cloud Sovereignty Framework, introduzido em setembro de 2025, estabelece critérios para avaliar o nível de soberania dos serviços de nuvem contratados por instituições da UE. Embora não seja uma regulamentação imobiliária per se, o framework tem implicações diretas para a demanda por data centers, direcionando a contratação para instalações que atendam a padrões de soberania e potencialmente redesenhando a geografia do desenvolvimento de hyperscale e colocation na Europa.\u003C\u002Fp>\n\u003Ch2>Um ciclo de capital definido por seus operadores\u003C\u002Fh2>\n\u003Cp>A recuperação que toma forma no mercado imobiliário europeu em 2026 não será definida apenas por números agregados de volume, por mais encorajadores que possam ser. Será definida pelos indivíduos que tomam decisões de alocação, originação e operação nos níveis de ativos e fundos.\u003C\u002Fp>\n\u003Cp>David Gluzman, Gino Antonacci, Michael Abel, Marco Zarges e Tatiana Tezel representam, cada um, um canal distinto pelo qual o capital entra, se transforma e sai dos mercados imobiliários europeus. Suas nomeações, fechamentos de fundos e aquisições são indicadores antecedentes de onde a convicção institucional está se formando.\u003C\u002Fp>\n\u003Cp>O GRI Institute continuará acompanhando esses líderes e as tendências mais amplas que representam, oferecendo aos membros a profundidade analítica necessária para navegar um mercado em transição.\u003C\u002Fp>","Uma nova geração de líderes molda o ciclo de recuperação imobiliária europeia rumo a 2026. David Gluzman na pbb ancora um pipeline de originação de dívida de €40 bilhões; a Greykite de Michael Abel captou US$ 1,4 bilhão para estratégias oportunísticas; a Net Zero Properties de Marco Zarges adquiriu 7.800 unidades residenciais em operação brown-to-green; e as nomeações de Gino Antonacci na Cushman & Wakefield Itália e Tatiana Tezel no fundo core-plus da Hines sinalizam apostas estratégicas de plataforma.","\u003Cul>\n\u003Cli>Volumes de investimento imobiliário europeu previstos em €52 bilhões só no 1T 2026, com alta anual esperada de 16%.\u003C\u002Fli>\n\u003Cli>O fundo de estreia de US$ 1,4 bilhão da Greykite sinaliza forte convicção de LPs em estratégias oportunísticas no que é visto como ponto de entrada geracional.\u003C\u002Fli>\n\u003Cli>A aquisição de 7.800 unidades pela Net Zero Properties exemplifica a tese brown-to-green — comprar ativos ineficientes de vendedores pressionados e retrofitar para capturar valorização.\u003C\u002Fli>\n\u003Cli>Oferta de títulos imobiliários projetada em €40 bilhões em 2026, elevando a importância de originadores como David Gluzman na pbb.\u003C\u002Fli>\n\u003Cli>Mudanças regulatórias na Irlanda, Reino Unido e UE estão redirecionando ativamente os fluxos de capital.\u003C\u002Fli>\n\u003C\u002Ful>\n","David Gluzman, Gino Antonacci: dealmakers da Europa","david gluzman, gino antonacci, michael abel, marco zarges, tatiana tezel, mercado imobiliário europeu, greykite, net zero properties, pbb, hines, cushman wakefield","Perfil de David Gluzman, Gino Antonacci, Michael Abel, Marco Zarges e Tatiana Tezel, os líderes do próximo ciclo de capital imobiliário europeu. Dados sobre o fundo de US$ 1,4 bi da Greykite, a operação de 7.800 unidades da Net Zero Properties e previsões ",{"code":18},{"id":1479,"newsId":1447,"languageId":5,"title":1480,"subtitle":1481,"content":1482,"summary":1483,"takeaways":1484,"seoTagConversionId":8,"seoTag":8,"seoTitle":1485,"seoKeywords":1486,"seoDescription":1487,"seoAbstract":8,"seoImage":1465,"createdAt":1454,"updatedAt":8,"language":1488},3569,"David Gluzman, Gino Antonacci y los líderes del próximo ciclo de capital en Europa","Del fondo debut de US$ 1.400 M de Greykite a la adquisición de 7.800 unidades de Net Zero Properties, una nueva generación redefine la asignación inmobiliaria e","\u003Cp>Se prevé que los volúmenes de inversión inmobiliaria en Europa alcancen los €52.000 millones solo en el primer trimestre de 2026, según Savills. Detrás de la cifra principal, un cambio menos visible pero igualmente relevante está en marcha: una nueva generación de líderes asume roles de dirección en originación de deuda, gestión de activos, estrategia de fondos y adquisiciones oportunistas. Sus movimientos colectivos ofrecen un mapa revelador de hacia dónde se dirige el capital institucional.\u003C\u002Fp>\n\u003Cp>GRI Institute sigue de cerca estas transiciones. En conversaciones a lo largo de sus encuentros de club europeos y mediante el contacto directo con altos responsables de decisión, ha surgido un patrón claro. Los nombres que atraen la atención de LPs, coinversores y participantes del mercado no siempre son los que encabezan las plataformas más grandes. Son, cada vez más, los operadores y originadores posicionados en la intersección entre la disponibilidad de capital y el cambio estructural del mercado.\u003C\u002Fp>\n\u003Cp>Cinco líderes, en particular, ilustran este patrón: David Gluzman, Gino Antonacci, Michael Abel, Marco Zarges y Tatiana Tezel. Cada uno domina un nodo diferente en la cadena de valor inmobiliaria europea. Juntos, representan la amplitud de la tesis de inversión del ciclo actual.\u003C\u002Fp>\n\u003Ch2>¿Quién es David Gluzman y qué papel desempeña en la deuda inmobiliaria europea?\u003C\u002Fh2>\n\u003Cp>David Gluzman es Senior Originator y Director en Deutsche Pfandbriefbank AG (pbb), una de las principales entidades especializadas en financiación de inmuebles comerciales en Europa, según GRI Institute y CFNEWS. Su enfoque en deuda inmobiliaria lo sitúa en el centro de un segmento de mercado con un impulso significativo. ING prevé que la oferta de bonos inmobiliarios alcanzará los €40.000 millones en 2026, el segundo nivel más alto registrado. Esta proyección subraya la magnitud de la actividad de refinanciación y nuevas emisiones que fluyen a través de la estructura de deuda europea.\u003C\u002Fp>\n\u003Cp>La plataforma de pbb es un conducto fundamental para la financiación transfronteriza en Alemania, Reino Unido, Francia y más allá. Originadores senior como Gluzman son responsables de estructurar y captar transacciones que respaldan miles de millones de euros en despliegue anual. En un ciclo donde los rendimientos del equity permanecen comprimidos en segmentos core, el lado de la deuda en la estructura de capital ha atraído mayor atención de asignadores institucionales que buscan rendimiento con protección frente a caídas.\u003C\u002Fp>\n\u003Cp>La expansión de los mercados de bonos inmobiliarios refleja tanto una normalización de las expectativas de tipos de interés como el retorno de estrategias de adquisición apalancadas. Los originadores con relaciones profundas con sponsors y conocimiento granular del mercado desempeñan un papel desproporcionado en determinar qué transacciones avanzan y en qué términos. La posición de Gluzman en pbb lo sitúa de lleno en esta función de gatekeeper.\u003C\u002Fp>\n\u003Ch2>Michael Abel y Greykite: una plataforma oportunista que parte de cero\u003C\u002Fh2>\n\u003Cp>La firma de Michael Abel, Greykite, obtuvo US$ 1.400 millones en compromisos de capital para su European Real Estate Fund I inaugural, según reportaron PERE News e IPE Real Assets en octubre de 2025. La captación es notable por varias razones. Primero, el volumen: un fondo debut que supera los mil millones de dólares señala una fuerte convicción de los LPs en la capacidad de originación y la tesis de inversión del equipo. Segundo, el posicionamiento: Greykite entra al mercado sin la carga de problemas de cartera heredados, una ventaja estructural que le permite desplegar capital en oportunidades dislocadas sin el lastre de ajustes a valor de mercado sobre cosechas anteriores.\u003C\u002Fp>\n\u003Cp>Greykite representa el retorno del capital oportunista al mercado inmobiliario europeo en un momento en que el distress es selectivo y no sistémico. Sectores y geografías se están revalorizando a velocidades diferentes, creando bolsas de valor relativo para gestores con flexibilidad para actuar rápidamente. Un arsenal de US$ 1.400 millones posiciona al equipo de Abel para actuar con decisión en situaciones complejas, incluyendo recapitalizaciones, adquisiciones de plataformas y rescates de desarrollos.\u003C\u002Fp>\n\u003Cp>El debut del fondo coincide con la previsión de Savills de que los volúmenes totales de inversión inmobiliaria europea crecerán un 16% en 2026. El capital oportunista tiende a desplegarse temprano en un ciclo de recuperación, y el timing de Greykite sugiere que Abel y sus socios ven la cosecha actual como un punto de entrada generacional.\u003C\u002Fp>\n\u003Ch2>Marco Zarges y la tesis residencial brown-to-green\u003C\u002Fh2>\n\u003Cp>El vehículo de inversión de Marco Zarges, Net Zero Properties, adquirió una cartera de 7.800 unidades residenciales de ZBI, según informó Thomas Daily en octubre de 2024. La transacción es un ejemplo definitorio de la estrategia oportunista brown-to-green que ha ganado tracción entre inversores value-add y oportunistas en Alemania y el norte de Europa.\u003C\u002Fp>\n\u003Cp>La tesis es directa en concepto pero exigente en ejecución: adquirir activos residenciales energéticamente ineficientes de vendedores bajo presión, rehabilitarlos a estándares ambientales superiores y capturar tanto la revalorización de alquileres como la apreciación de capital a medida que se amplía la prima regulatoria por edificios verdes. La desinversión de la cartera por parte de ZBI reflejó las presiones que enfrentan los fondos abiertos alemanes al gestionar colas de reembolsos y requisitos de rebalanceo de cartera.\u003C\u002Fp>\n\u003Cp>La adquisición de Net Zero Properties se sitúa en la confluencia de dos tendencias poderosas. Por el lado de la demanda, el capital institucional fluye hacia los sectores residencial y logístico, que ING espera sigan dominando la inversión en 2026, con el segmento de oficinas mostrando recuperación a medida que mejora el sentimiento. Por el lado de la oferta, carteras en distress y semi-distress están llegando al mercado a medida que estructuras de fondos heredadas deshacen posiciones adquiridas en el pico de precios.\u003C\u002Fp>\n\u003Cp>El entorno regulatorio añade una capa adicional a esta tesis. En toda la UE, los requisitos de eficiencia energética para edificios existentes se están endureciendo, creando un calendario de cumplimiento que penaliza la inacción. Los inversores dispuestos a comprometer capex en programas de rehabilitación pueden capturar el spread entre el precio de adquisición de stock sin renovar y los valores estabilizados de activos mejorados.\u003C\u002Fp>\n\u003Ch2>¿Qué señalan los nombramientos de Gino Antonacci y Tatiana Tezel sobre la estrategia de plataforma?\u003C\u002Fh2>\n\u003Cp>Gino Antonacci fue nombrado Head of Asset Services Italy en Cushman & Wakefield, con efecto a partir del 2 de marzo de 2026, según Cushman & Wakefield y Financecommunity.it. El nombramiento refleja un patrón más amplio entre las firmas globales de servicios: reforzar la capacidad operativa en mercados del sur de Europa donde la actividad transaccional y los mandatos de gestión de activos se están acelerando.\u003C\u002Fp>\n\u003Cp>Italia ha emergido como un mercado de creciente interés estratégico para inversores transfronterizos atraídos por las primas de rendimiento respecto al norte de Europa y por la escasez estructural de producto de calidad institucional en los segmentos de logística, hotelería y residencial. El mandato de Antonacci para liderar los servicios de activos lo posiciona para influir en cómo se gestiona el capital internacional sobre el terreno, tendiendo un puente entre la estrategia de cartera y la ejecución local.\u003C\u002Fp>\n\u003Cp>El nombramiento de Tatiana Tezel como Fund Manager del fondo core-plus Hines European Property Partners (HEPP), reportado por Hines y Green Street News en marzo de 2026, envía una señal diferente pero complementaria. HEPP es un vehículo insignia dentro de una de las mayores organizaciones inmobiliarias privadas del mundo. Colocar a Tezel al frente de la estrategia y el despliegue del fondo refleja la confianza de Hines en una líder que supervisará decisiones de asignación en múltiples mercados europeos.\u003C\u002Fp>\n\u003Cp>Las estrategias core-plus ocupan una posición distintiva en el ciclo actual. Ofrecen a los inversores exposición a activos generadores de ingresos con un potencial moderado de creación de valor, típicamente mediante reestructuración de contratos de arrendamiento, rehabilitaciones ligeras o reposicionamiento. A medida que el diferencial de rendimiento entre core y value-add se estrecha, los fondos core-plus compiten por capital demostrando alfa operativo: la capacidad de generar rendimientos mediante gestión activa, y no solo por apalancamiento o beta de mercado.\u003C\u002Fp>\n\u003Cp>Ambos nombramientos refuerzan una observación más amplia: las plataformas están invirtiendo en talento directivo no solo para mantener operaciones, sino para posicionarse de cara a la próxima fase de despliegue de capital. Las decisiones de personal a este nivel son, en efecto, apuestas estratégicas sobre la dirección del mercado.\u003C\u002Fp>\n\u003Ch2>Corrientes regulatorias que moldean el panorama de inversión\u003C\u002Fh2>\n\u003Cp>Los líderes perfilados aquí operan dentro de un entorno regulatorio que evoluciona rápidamente. Tres desarrollos merecen atención por su potencial para redirigir flujos de capital en 2026 y más allá.\u003C\u002Fp>\n\u003Cp>En Irlanda, la extensión de las Rent Pressure Zones, vigente desde marzo de 2026, limita el crecimiento de los alquileres al menor entre el IPC o el 2%, con exención para obra nueva. La exención crea un incentivo deliberado para nueva oferta, canalizando la inversión residencial hacia el desarrollo en lugar de la adquisición de stock existente.\u003C\u002Fp>\n\u003Cp>En el Reino Unido, el Renters' Rights Bill, vigente desde mayo de 2026, prohíbe los desahucios sin causa justificada bajo la Sección 21 y elimina los contratos de arrendamiento de duración determinada. Para propietarios institucionales que operan plataformas de build-to-rent, la legislación formaliza protecciones al inquilino que la mayoría de los operadores profesionales ya aplican. El mayor impacto podría recaer sobre los pequeños propietarios privados, acelerando potencialmente la institucionalización del mercado de alquiler británico.\u003C\u002Fp>\n\u003Cp>A nivel de la UE, el Cloud Sovereignty Framework, introducido en septiembre de 2025, establece criterios para evaluar el nivel de soberanía de los servicios en la nube contratados por instituciones de la UE. Aunque no es una regulación inmobiliaria per se, el marco tiene implicaciones directas para la demanda de centros de datos, orientando la contratación hacia instalaciones que cumplan estándares de soberanía y potencialmente reconfigurando la geografía del desarrollo de hyperscale y colocation en Europa.\u003C\u002Fp>\n\u003Ch2>Un ciclo de capital definido por sus operadores\u003C\u002Fh2>\n\u003Cp>La recuperación que toma forma en el mercado inmobiliario europeo en 2026 no se definirá únicamente por cifras agregadas de volumen, por alentadoras que puedan ser. Se definirá por los individuos que toman decisiones de asignación, originación y operación a nivel de activos y fondos.\u003C\u002Fp>\n\u003Cp>David Gluzman, Gino Antonacci, Michael Abel, Marco Zarges y Tatiana Tezel representan, cada uno, un canal distinto a través del cual el capital entra, se transforma y sale de los mercados inmobiliarios europeos. Sus nombramientos, cierres de fondos y adquisiciones son indicadores adelantados de dónde se está formando la convicción institucional.\u003C\u002Fp>\n\u003Cp>GRI Institute continuará siguiendo a estos líderes y las tendencias más amplias que representan, proporcionando a sus miembros la profundidad analítica necesaria para navegar un mercado en transición.\u003C\u002Fp>","Una nueva generación de líderes moldea el ciclo de recuperación inmobiliaria europea hacia 2026. David Gluzman en pbb ancla un pipeline de originación de deuda de €40.000 M; Greykite de Michael Abel captó US$ 1.400 M para despliegue oportunista; Net Zero Properties de Marco Zarges adquirió 7.800 unidades residenciales en una operación brown-to-green; y los nombramientos de Gino Antonacci en Cushman & Wakefield Italia y Tatiana Tezel en el fondo core-plus de Hines señalan apuestas estratégicas de plataforma.","\u003Cul>\n\u003Cli>Los volúmenes de inversión inmobiliaria europea se prevén en €52.000 M solo en el 1T 2026, con un alza anual esperada del 16%.\u003C\u002Fli>\n\u003Cli>El fondo debut de US$ 1.400 M de Greykite señala fuerte convicción de LPs en estrategias oportunistas en lo que se considera un punto de entrada generacional.\u003C\u002Fli>\n\u003Cli>La adquisición de 7.800 unidades por Net Zero Properties ejemplifica la tesis brown-to-green: comprar activos ineficientes de vendedores presionados y rehabilitar para capturar valor.\u003C\u002Fli>\n\u003Cli>La oferta de bonos inmobiliarios proyectada en €40.000 M en 2026 eleva la importancia de originadores como David Gluzman en pbb.\u003C\u002Fli>\n\u003Cli>Cambios regulatorios en Irlanda, Reino Unido y la UE redirigen activamente los flujos de capital.\u003C\u002Fli>\n\u003C\u002Ful>\n","David Gluzman, Gino Antonacci: dealmakers de Europa","david gluzman, gino antonacci, michael abel, marco zarges, tatiana tezel, mercado inmobiliario europeo, greykite, net zero properties, pbb, hines, cushman wakefield","Perfil de David Gluzman, Gino Antonacci, Michael Abel, Marco Zarges y Tatiana Tezel, los líderes del próximo ciclo de capital inmobiliario europeo. Datos sobre el fondo de US$ 1.400 M de Greykite, la operación de 7.800 unidades de Net Zero Properties y pre",{"code":23},{"id":25,"color":27,"translations":1490},[1491,1493,1495],{"title":26,"slug":30,"language":1492},{"code":13},{"title":37,"slug":38,"language":1494},{"code":18},{"title":33,"slug":34,"language":1496},{"code":23},[1498,1506,1514],{"id":65,"label":1231,"translations":1499},[1500,1502,1504],{"label":1231,"slug":1242,"language":1501},{"code":13},{"label":1245,"slug":1246,"language":1503},{"code":18},{"label":1249,"slug":1250,"language":1505},{"code":23},{"id":93,"label":1253,"translations":1507},[1508,1510,1512],{"label":1253,"slug":1264,"language":1509},{"code":13},{"label":1267,"slug":1268,"language":1511},{"code":18},{"label":1271,"slug":1272,"language":1513},{"code":23},{"id":136,"label":1051,"translations":1515},[1516,1518,1520],{"label":1051,"slug":1062,"language":1517},{"code":13},{"label":1065,"slug":1066,"language":1519},{"code":18},{"label":1069,"slug":1070,"language":1521},{"code":23},[1523,1526,1528,1530,1533,1536,1538],{"name":356,"enName":356,"ptName":1524,"iso2":1525},"Alemanha","DE",{"name":797,"enName":797,"ptName":797,"iso2":1527},"ES",{"name":336,"enName":336,"ptName":336,"iso2":1529},"FR",{"name":885,"enName":885,"ptName":1531,"iso2":1532},"Reino Unido","GB",{"name":452,"enName":452,"ptName":1534,"iso2":1535},"Itália","IT",{"name":611,"enName":611,"ptName":611,"iso2":1537},"NL",{"name":689,"enName":689,"ptName":689,"iso2":1539},"PT",[1541],{"name":1542,"slug":1543,"image":8,"order":115},"GRI Institute","gri-institute",{"en":1545,"pt-BR":1546,"es":1547},"\u002Freal-estate\u002Fdavid-gluzman-gino-antonacci-european-real-estate-capital-cycle","\u002Fmercado-imobiliario\u002Fdavid-gluzman-gino-antonacci-european-real-estate-capital-cycle","\u002Fmercado-inmobiliario\u002Fdavid-gluzman-gino-antonacci-european-real-estate-capital-cycle",[1549,1550,1551,1552,1553,1554],"Infra Brazil","Infra Latam","Real Estate Brazil","Real Estate Europe","Real Estate India","Real Estate Latam"]