[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$fWJDsHAQ6CLoVvTVD9A3h5b3OQINtZN4Lgf5KRFFTPPo":3,"$fTe5HE0Z1vo2J86ZJWWdF8KMsEsay4hhvzos2gbGNccM":40,"$f_iPoKLJTmna0hysc3JyPQYvKVRe6ciD7LTGcnXYUH3Q":941,"$f_caJQ62P02YTBCOc6o0uvFMuNqxJsVgbVSciRbsT674":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},3256,"TRUE","roy-march-us-institutional-capital-european-real-estate","Roy March and the senior dealmakers bridging US institutional capital into European real estate",false,"https:\u002F\u002Fcdn.griinstitute.org\u002Fuploads\u002Fhubnews\u002Froy-march-us-institutional-capital-european-real-estate.webp","2026-03-13T00:00:00.000Z",920,"2026-03-17T20:14:15.000Z",[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},3787,"A record €17 billion flowed from US investors into European residential real estate in 2025, reshaping cross-border allocation strategies.","\u003Cp>US investors deployed a record €17 billion into European residential real estate in 2025, according to JLL. The figure captures the accelerating momentum of a transatlantic capital corridor that has, in recent years, moved from opportunistic plays to structural portfolio allocation. Behind these flows stand senior principals whose relationships, institutional credibility, and market knowledge determine where billions land.\u003C\u002Fp>\n\u003Cp>Figures such as Roy March, the longtime chief executive of Eastdil Secured, and Roger Orf, partner and head of real estate for Europe at Apollo Global Management, represent the archetype of the relationship-driven dealmaker whose influence on capital deployment far exceeds any single transaction. Their careers illustrate how US institutional capital finds its way into European markets, and why the corridor is poised for further expansion in 2026.\u003C\u002Fp>\n\u003Ch2>European investment volumes signal renewed confidence\u003C\u002Fh2>\n\u003Cp>Investment into European real estate climbed to €241 billion in 2025, a 13% increase compared to 2024, according to CBRE. The United Kingdom accounted for 30% of that total, reaching €73 billion, reinforcing its position as the primary gateway for cross-border capital entering Europe.\u003C\u002Fp>\n\u003Cp>The recovery reflects a convergence of factors. Favorable interest rate spreads between the European Central Bank and the US Federal Reserve have created lower relative borrowing costs for dollar-denominated investors entering euro-zone markets. Pricing corrections in several European sectors have improved entry yields, and the depth of institutional-grade product across logistics, residential, and office repositioning continues to attract large-ticket allocators.\u003C\u002Fp>\n\u003Cp>Savills projects European real estate investment volumes will rise by a further 25% in 2026. JLL forecasts that investment in the European residential sector alone will exceed €70 billion in 2026. These projections suggest the current cycle is still in its early expansion phase.\u003C\u002Fp>\n\u003Ch2>Who is Roy March and why does his role matter for transatlantic capital flows?\u003C\u002Fh2>\n\u003Cp>Roy March built Eastdil Secured into the preeminent capital advisory firm in US commercial real estate over more than two decades as its chief executive. The firm became the go-to intermediary for the largest and most complex investment sales, financings, and recapitalizations in the American market, advising sovereign wealth funds, pension systems, and institutional investors on transactions that frequently exceeded a billion dollars.\u003C\u002Fp>\n\u003Cp>In March 2026, Savills completed its acquisition of Eastdil Secured for $1.1 billion, as reported by the Commercial Observer. Roy March transitioned from CEO to executive chairman of Eastdil Secured as part of the deal. The acquisition price alone signals the extraordinary value the market places on the firm's advisory relationships and its capacity to move institutional capital across borders.\u003C\u002Fp>\n\u003Cp>The Savills-Eastdil combination creates a platform with deep origination capabilities on both sides of the Atlantic. Savills brings granular European market coverage across the UK, Germany, France, Spain, the Netherlands, and the Nordics. Eastdil Secured contributes its unmatched network of US institutional investors, including pension funds, endowments, insurance companies, and private equity firms. Roy March's role as executive chairman positions him as the senior figure connecting these two networks at the highest level.\u003C\u002Fp>\n\u003Cp>The strategic logic is clear: US institutional investors seeking European exposure require trusted intermediaries who understand both the capital formation process in New York and the localized complexities of individual European markets. Senior principals with decades of transactional history provide the credibility that unlocks allocation committee approvals.\u003C\u002Fp>\n\u003Ch2>How does Roger Orf exemplify the US-to-Europe investment thesis?\u003C\u002Fh2>\n\u003Cp>Roger Orf has invested in European real estate markets since 1991, according to GRI Institute records. As partner and head of real estate for Europe at Apollo Global Management, he oversees one of the largest pools of private capital targeting the continent. His career trajectory, from early-cycle European investing through multiple downturns and recoveries, represents the deep institutional knowledge that distinguishes successful cross-border allocators.\u003C\u002Fp>\n\u003Cp>Orf is a prominent figure within GRI Real Estate networks, where senior principals gather to exchange intelligence on market conditions, regulatory developments, and deal flow across European jurisdictions. Platforms such as GRI Club serve as critical connective tissue for the transatlantic investment community, enabling the kind of direct, confidential dialogue between capital providers and local operators that formal conference settings rarely achieve.\u003C\u002Fp>\n\u003Cp>Apollo's European real estate strategy reflects a broader trend among US alternative asset managers. Rather than relying solely on local partners or fund-of-funds structures, firms like Apollo have built dedicated European teams led by principals with multi-decade track records in the region. This approach allows for direct underwriting, faster execution, and greater control over asset management, all of which become more important as ticket sizes grow.\u003C\u002Fp>\n\u003Ch2>The regulatory landscape shaping capital deployment\u003C\u002Fh2>\n\u003Cp>US institutional investors entering Europe must navigate an evolving regulatory environment that varies significantly across jurisdictions. Two recent developments at the European Commission level deserve particular attention.\u003C\u002Fp>\n\u003Cp>The European Affordable Housing Plan, presented on December 16, 2025, establishes a comprehensive framework to boost housing supply and mobilize public and private investment through a pan-European investment platform. The plan also aims to simplify permitting procedures for real estate development. For institutional investors, particularly those targeting the residential sector, the plan creates both opportunity and complexity. New capital mobilization vehicles may channel investment toward affordable and workforce housing at scale, but compliance with affordability criteria and potential rent regulation must be factored into underwriting.\u003C\u002Fp>\n\u003Cp>Separately, new short-term rentals regulation will become applicable from May 2026, requiring mandatory registration and data sharing between digital short-term rental platforms and national authorities. The measure addresses housing pressure and market speculation, particularly in tourism-heavy cities across Southern Europe. Investors with exposure to hospitality-adjacent residential strategies will need to assess how enforcement affects operating models and yields.\u003C\u002Fp>\n\u003Cp>These regulatory shifts reinforce the value of experienced local partners and advisory networks. Navigating permitting reform in Spain differs materially from structuring compliant residential platforms in the Netherlands or Germany. The senior dealmakers who bridge US capital into Europe serve, in part, as translators of this regulatory complexity.\u003C\u002Fp>\n\u003Ch2>The US domestic context fuels outbound allocation\u003C\u002Fh2>\n\u003Cp>US commercial real estate investment activity is expected to increase by 16% to $562 billion in 2026, according to CBRE. While this domestic growth might seem likely to absorb capital domestically, the opposite dynamic is also at work. As US markets recover and pricing tightens, institutional investors seek relative value abroad. European markets, where pricing corrections arrived later and recovery is less advanced, offer spread advantages that large allocators find compelling.\u003C\u002Fp>\n\u003Cp>The interest rate differential between the ECB and the Federal Reserve amplifies this dynamic. Dollar-funded investors can access euro-denominated debt at lower costs, enhancing levered returns on European acquisitions. This structural advantage is a primary driver of the record residential capital flows observed in 2025 and projected for 2026.\u003C\u002Fp>\n\u003Ch2>What distinguishes the American institutional corridor from other cross-border flows?\u003C\u002Fh2>\n\u003Cp>The US-to-Europe capital corridor differs from Middle Eastern, Israeli, or Latin American flows into European real estate in several fundamental respects. American institutional capital tends to be larger in scale, longer in duration, and more concentrated in core and core-plus strategies. Pension funds and endowments allocate to Europe as part of diversified global portfolios with return targets measured over decades. This patient capital favors sectors with predictable income streams, such as residential, logistics, and life sciences.\u003C\u002Fp>\n\u003Cp>The advisory infrastructure supporting US institutional investors is also more formalized. Firms like Eastdil Secured, now under the Savills umbrella, provide dedicated capital markets execution that connects allocation decisions in New York, Boston, and San Francisco with asset-level opportunities in London, Berlin, Madrid, and Amsterdam. The senior principals who lead these efforts, figures like Roy March and Roger Orf, function as the critical nodes in a network that institutional capital requires before it moves.\u003C\u002Fp>\n\u003Cp>GRI Institute has consistently served as a convening platform where these principals engage with European operators, developers, and co-investors. The club model, built on direct peer-to-peer exchange among senior leaders, mirrors the relationship-driven nature of cross-border real estate investing itself.\u003C\u002Fp>\n\u003Ch2>Outlook for 2026 and beyond\u003C\u002Fh2>\n\u003Cp>The data points toward a deepening of the US-to-Europe capital corridor. European investment volumes are forecast to grow 25% in 2026, per Savills. The residential sector alone may absorb over €70 billion, according to JLL. And the structural incentives, from rate differentials to pricing gaps, remain intact.\u003C\u002Fp>\n\u003Cp>The senior dealmakers who have built their careers bridging these two markets are positioned at the center of this expansion. Roy March's transition to executive chairman of Eastdil Secured, within a global platform now integrated with Savills, signals that the transatlantic advisory model is scaling up. Roger Orf's continued leadership at Apollo and engagement with GRI Real Estate networks reflects the institutional depth of US commitment to European markets.\u003C\u002Fp>\n\u003Cp>For European operators and developers, the message is direct: American institutional capital is arriving in larger volumes, with longer time horizons, and through more sophisticated channels than ever before. The principals who facilitate these flows carry significant influence over which markets, sectors, and partners receive allocation. Understanding their priorities is no longer optional for any serious participant in European real estate.\u003C\u002Fp>\n","US institutional capital is flowing into European real estate at record levels, driven by favorable interest rate spreads, European pricing corrections, and improved entry yields. In 2025, US investors deployed €17 billion into European residential assets, while total European investment volumes reached €241 billion—a 13% year-over-year increase.\n\nSenior dealmakers such as Roy March of Eastdil Secured and Roger Orf of Apollo Global Management are central to this transatlantic corridor, providing the relationships and institutional credibility needed to unlock large-scale allocations. With Savills' $1.1 billion acquisition of Eastdil Secured and projections of 25% volume growth in 2026, the US-to-Europe capital pipeline is poised for further expansion.","\u003Cul>\n\u003Cli>US investors deployed a record €17 billion into European residential real estate in 2025, with overall European volumes up 13% to €241 billion.\u003C\u002Fli>\n\u003Cli>Savills acquired Eastdil Secured for $1.1 billion, creating a transatlantic advisory platform with Roy March as executive chairman.\u003C\u002Fli>\n\u003Cli>ECB-Fed interest rate differentials give dollar-funded investors cheaper euro-denominated debt, enhancing levered returns.\u003C\u002Fli>\n\u003Cli>European real estate investment is forecast to rise 25% in 2026, with residential alone expected to exceed €70 billion.\u003C\u002Fli>\n\u003Cli>Senior relationship-driven dealmakers like Roy March and Roger Orf serve as critical gatekeepers for cross-border capital allocation.\u003C\u002Fli>\n\u003Cli>New EU housing and short-term rental regulations add complexity, reinforcing the need for experienced local advisory networks.\u003C\u002Fli>\n\u003C\u002Ful>\n","Roy March and US capital into European real estate","roy march, gri real estate, roger orf, gri club","US investors deployed a record €17 billion into European residential real estate in 2025. How senior dealmakers like Roy March and Roger Orf are bridging US institutional capital into Europe through platforms like Eastdil Secured, Apollo, and GRI Club netw","https:\u002F\u002Fcdn.griinstitute.org\u002Fuploads\u002Fhubnews\u002Froy-march-us-institutional-capital-european-real-estate-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},3788,"Roy March e os dealmakers seniores que conectam capital institucional dos EUA ao imobiliário europeu","Um recorde de €17 bilhões fluiu de investidores americanos para o setor residencial europeu em 2025, reformulando estratégias de alocação transfronteiriça.","\u003Cp>Investidores americanos alocaram um recorde de €17 bilhões no setor imobiliário residencial europeu em 2025, segundo a JLL. O número reflete o impulso acelerado de um corredor transatlântico de capital que, nos últimos anos, passou de operações oportunísticas para alocação estrutural de portfólio. Por trás desses fluxos estão executivos seniores cujos relacionamentos, credibilidade institucional e conhecimento de mercado determinam onde bilhões são investidos.\u003C\u002Fp>\u003Cp>Figuras como Roy March, por longo tempo CEO da Eastdil Secured, e Roger Orf, sócio e head de real estate para Europa na Apollo Global Management, representam o arquétipo do dealmaker orientado por relacionamentos, cuja influência na alocação de capital supera em muito qualquer transação individual. Suas carreiras ilustram como o capital institucional americano chega aos mercados europeus e por que o corredor está preparado para uma nova expansão em 2026.\u003C\u002Fp>\u003Ch2>Volumes de investimento europeus sinalizam confiança renovada\u003C\u002Fh2>\u003Cp>O investimento em imóveis europeus alcançou €241 bilhões em 2025, um aumento de 13% em relação a 2024, segundo a CBRE. O Reino Unido respondeu por 30% desse total, atingindo €73 bilhões, reforçando sua posição como principal porta de entrada para capital transfronteiriço na Europa.\u003C\u002Fp>\u003Cp>A recuperação reflete uma convergência de fatores. Spreads favoráveis de taxas de juros entre o Banco Central Europeu e o Federal Reserve americano criaram custos de financiamento relativamente menores para investidores em dólar que entram em mercados da zona do euro. Correções de preços em diversos setores europeus melhoraram os yields de entrada, e a profundidade de produtos de grau institucional em logística, residencial e reposicionamento de escritórios continua atraindo grandes alocadores.\u003C\u002Fp>\u003Cp>A Savills projeta que os volumes de investimento imobiliário europeu crescerão mais 25% em 2026. A JLL prevê que o investimento apenas no setor residencial europeu superará €70 bilhões em 2026. Essas projeções sugerem que o ciclo atual ainda está em sua fase inicial de expansão.\u003C\u002Fp>\u003Ch2>Quem é Roy March e por que seu papel importa para os fluxos de capital transatlânticos?\u003C\u002Fh2>\u003Cp>Roy March transformou a Eastdil Secured na principal firma de consultoria de capital no mercado imobiliário comercial dos EUA ao longo de mais de duas décadas como CEO. A empresa tornou-se a intermediária preferida para as maiores e mais complexas vendas de investimentos, financiamentos e recapitalizações no mercado americano, assessorando fundos soberanos, sistemas de previdência e investidores institucionais em transações que frequentemente superavam um bilhão de dólares.\u003C\u002Fp>\u003Cp>Em março de 2026, a Savills concluiu a aquisição da Eastdil Secured por US$ 1,1 bilhão, conforme reportado pelo Commercial Observer. Roy March fez a transição de CEO para presidente executivo da Eastdil Secured como parte do acordo. O preço da aquisição, por si só, sinaliza o valor extraordinário que o mercado atribui aos relacionamentos de consultoria da firma e à sua capacidade de movimentar capital institucional entre fronteiras.\u003C\u002Fp>\u003Cp>A combinação Savills-Eastdil cria uma plataforma com profundas capacidades de originação em ambos os lados do Atlântico. A Savills traz cobertura granular do mercado europeu no Reino Unido, Alemanha, França, Espanha, Holanda e países nórdicos. A Eastdil Secured contribui com sua rede incomparável de investidores institucionais americanos, incluindo fundos de pensão, endowments, seguradoras e firmas de private equity. O papel de Roy March como presidente executivo o posiciona como a figura sênior que conecta essas duas redes no mais alto nível.\u003C\u002Fp>\u003Cp>A lógica estratégica é clara: investidores institucionais americanos que buscam exposição europeia precisam de intermediários de confiança que entendam tanto o processo de formação de capital em Nova York quanto as complexidades locais de cada mercado europeu. Executivos seniores com décadas de histórico transacional fornecem a credibilidade que libera aprovações de comitês de alocação.\u003C\u002Fp>\u003Ch2>Como Roger Orf exemplifica a tese de investimento EUA-Europa?\u003C\u002Fh2>\u003Cp>Roger Orf investe em mercados imobiliários europeus desde 1991, segundo registros do GRI Institute. Como sócio e head de real estate para Europa na Apollo Global Management, ele supervisiona um dos maiores pools de capital privado direcionados ao continente. Sua trajetória profissional, desde investimentos europeus em início de ciclo passando por múltiplas crises e recuperações, representa o profundo conhecimento institucional que distingue alocadores transfronteiriços bem-sucedidos.\u003C\u002Fp>\u003Cp>Orf é uma figura proeminente nas redes do GRI Real Estate, onde executivos seniores se reúnem para trocar informações sobre condições de mercado, desenvolvimentos regulatórios e fluxo de negócios em jurisdições europeias. Plataformas como o GRI Club servem como tecido conectivo essencial para a comunidade de investimento transatlântica, possibilitando o tipo de diálogo direto e confidencial entre provedores de capital e operadores locais que ambientes formais de conferência raramente alcançam.\u003C\u002Fp>\u003Cp>A estratégia imobiliária europeia da Apollo reflete uma tendência mais ampla entre gestoras alternativas americanas. Em vez de depender exclusivamente de parceiros locais ou estruturas de fund-of-funds, firmas como a Apollo construíram equipes europeias dedicadas lideradas por executivos com track records de múltiplas décadas na região. Essa abordagem permite underwriting direto, execução mais rápida e maior controle sobre a gestão de ativos — fatores que se tornam mais importantes à medida que os tickets crescem.\u003C\u002Fp>\u003Ch2>O cenário regulatório que molda a alocação de capital\u003C\u002Fh2>\u003Cp>Investidores institucionais americanos que entram na Europa precisam navegar um ambiente regulatório em evolução que varia significativamente entre jurisdições. Dois desenvolvimentos recentes no nível da Comissão Europeia merecem atenção especial.\u003C\u002Fp>\u003Cp>O Plano Europeu de Habitação Acessível, apresentado em 16 de dezembro de 2025, estabelece um arcabouço abrangente para impulsionar a oferta habitacional e mobilizar investimento público e privado por meio de uma plataforma de investimento pan-europeia. O plano também visa simplificar procedimentos de licenciamento para desenvolvimento imobiliário. Para investidores institucionais, particularmente aqueles focados no setor residencial, o plano cria tanto oportunidade quanto complexidade. Novos veículos de mobilização de capital podem canalizar investimento para habitação acessível e para trabalhadores em escala, mas a conformidade com critérios de acessibilidade e potencial regulação de aluguéis devem ser considerados no underwriting.\u003C\u002Fp>\u003Cp>Separadamente, nova regulação de aluguéis de curta duração entrará em vigor a partir de maio de 2026, exigindo registro obrigatório e compartilhamento de dados entre plataformas digitais de aluguel de curta duração e autoridades nacionais. A medida aborda pressão habitacional e especulação de mercado, particularmente em cidades com forte turismo no Sul da Europa. Investidores com exposição a estratégias residenciais adjacentes à hotelaria precisarão avaliar como a fiscalização afeta modelos operacionais e yields.\u003C\u002Fp>\u003Cp>Essas mudanças regulatórias reforçam o valor de parceiros locais experientes e redes de consultoria. Navegar reformas de licenciamento na Espanha difere materialmente de estruturar plataformas residenciais em conformidade na Holanda ou Alemanha. Os dealmakers seniores que conectam capital americano à Europa servem, em parte, como tradutores dessa complexidade regulatória.\u003C\u002Fp>\u003Ch2>O contexto doméstico dos EUA alimenta a alocação internacional\u003C\u002Fh2>\u003Cp>A atividade de investimento imobiliário comercial nos EUA deve crescer 16%, para US$ 562 bilhões em 2026, segundo a CBRE. Embora esse crescimento doméstico possa parecer capaz de absorver capital internamente, a dinâmica oposta também está em ação. À medida que os mercados americanos se recuperam e os preços se comprimem, investidores institucionais buscam valor relativo no exterior. Mercados europeus, onde as correções de preços chegaram mais tarde e a recuperação é menos avançada, oferecem vantagens de spread que grandes alocadores consideram atrativas.\u003C\u002Fp>\u003Cp>O diferencial de taxas de juros entre o BCE e o Federal Reserve amplifica essa dinâmica. Investidores financiados em dólar podem acessar dívida denominada em euro a custos mais baixos, potencializando retornos alavancados em aquisições europeias. Essa vantagem estrutural é um dos principais impulsionadores dos fluxos recordes de capital residencial observados em 2025 e projetados para 2026.\u003C\u002Fp>\u003Ch2>O que distingue o corredor institucional americano de outros fluxos transfronteiriços?\u003C\u002Fh2>\u003Cp>O corredor de capital EUA-Europa difere dos fluxos do Oriente Médio, Israel ou América Latina para o imobiliário europeu em vários aspectos fundamentais. O capital institucional americano tende a ser maior em escala, mais longo em duração e mais concentrado em estratégias core e core-plus. Fundos de pensão e endowments alocam para a Europa como parte de portfólios globais diversificados com metas de retorno medidas em décadas. Esse capital paciente favorece setores com fluxos de renda previsíveis, como residencial, logística e ciências da vida.\u003C\u002Fp>\u003Cp>A infraestrutura de consultoria que apoia investidores institucionais americanos também é mais formalizada. Firmas como a Eastdil Secured, agora sob o guarda-chuva da Savills, fornecem execução dedicada de mercados de capitais que conecta decisões de alocação em Nova York, Boston e São Francisco com oportunidades no nível de ativos em Londres, Berlim, Madri e Amsterdã. Os executivos seniores que lideram esses esforços — figuras como Roy March e Roger Orf — funcionam como nós críticos em uma rede que o capital institucional exige antes de se movimentar.\u003C\u002Fp>\u003Cp>O GRI Institute tem consistentemente servido como plataforma de convivência onde esses executivos interagem com operadores, incorporadores e coinvestidores europeus. O modelo de clube, construído sobre troca direta entre pares de líderes seniores, espelha a natureza orientada por relacionamentos do investimento imobiliário transfronteiriço.\u003C\u002Fp>\u003Ch2>Perspectivas para 2026 e além\u003C\u002Fh2>\u003Cp>Os dados apontam para um aprofundamento do corredor de capital EUA-Europa. Os volumes de investimento europeu devem crescer 25% em 2026, segundo a Savills. Apenas o setor residencial pode absorver mais de €70 bilhões, segundo a JLL. E os incentivos estruturais — de diferenciais de taxas a gaps de preços — permanecem intactos.\u003C\u002Fp>\u003Cp>Os dealmakers seniores que construíram suas carreiras conectando esses dois mercados estão posicionados no centro dessa expansão. A transição de Roy March para presidente executivo da Eastdil Secured, dentro de uma plataforma global agora integrada à Savills, sinaliza que o modelo de consultoria transatlântica está escalando. A liderança contínua de Roger Orf na Apollo e seu engajamento com as redes do GRI Real Estate refletem a profundidade institucional do compromisso americano com os mercados europeus.\u003C\u002Fp>\u003Cp>Para operadores e incorporadores europeus, a mensagem é direta: o capital institucional americano está chegando em volumes maiores, com horizontes de tempo mais longos e por canais mais sofisticados do que nunca. Os executivos que facilitam esses fluxos exercem influência significativa sobre quais mercados, setores e parceiros recebem alocação. Compreender suas prioridades não é mais opcional para qualquer participante sério do mercado imobiliário europeu.\u003C\u002Fp>","O capital institucional dos EUA está fluindo para o imobiliário europeu em níveis recordes, impulsionado por spreads favoráveis de juros, correções de preços e melhores yields de entrada. Em 2025, investidores americanos alocaram €17 bilhões em ativos residenciais europeus, enquanto os volumes totais atingiram €241 bilhões — alta de 13%. Dealmakers seniores como Roy March, da Eastdil Secured, e Roger Orf, da Apollo, são centrais nesse corredor transatlântico. Com a aquisição da Eastdil pela Savills por US$ 1,1 bilhão e projeções de crescimento de 25% em 2026, o pipeline de capital deve se expandir ainda mais.","\u003Cul>\n\u003Cli>Investidores dos EUA alocaram um recorde de €17 bilhões no residencial europeu em 2025, com volumes totais de €241 bilhões (+13%).\u003C\u002Fli>\n\u003Cli>A Savills adquiriu a Eastdil Secured por US$ 1,1 bilhão, criando uma plataforma transatlântica com Roy March como presidente executivo.\u003C\u002Fli>\n\u003Cli>Diferenciais de juros BCE-Fed permitem dívida em euro mais barata para investidores em dólar, potencializando retornos alavancados.\u003C\u002Fli>\n\u003Cli>O investimento imobiliário europeu deve crescer 25% em 2026, com o residencial superando €70 bilhões.\u003C\u002Fli>\n\u003Cli>Novas regulações da UE sobre habitação e aluguéis de curta duração aumentam a complexidade, reforçando a necessidade de redes locais de consultoria.\u003C\u002Fli>\n\u003C\u002Ful>\n","Roy March e o capital dos EUA no imobiliário europeu","roy march, gri real estate, roger orf, gri club, investimento imobiliário europeu, capital institucional eua, eastdil secured, apollo global management","Investidores dos EUA alocaram um recorde de €17 bilhões no residencial europeu em 2025. Saiba como dealmakers seniores como Roy March e Roger Orf conectam capital institucional americano à Europa por meio de plataformas como Eastdil Secured, Apollo e GRI C",{"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},3789,"Roy March y los dealmakers senior que conectan capital institucional de EE.UU. con el inmobiliario europeo","Un récord de €17.000 millones fluyó de inversores estadounidenses al residencial europeo en 2025, transformando las estrategias de asignación transfronteriza.","\u003Cp>Los inversores estadounidenses desplegaron un récord de €17.000 millones en el sector inmobiliario residencial europeo en 2025, según JLL. La cifra refleja el impulso acelerado de un corredor transatlántico de capital que, en los últimos años, ha pasado de operaciones oportunistas a la asignación estructural de carteras. Detrás de estos flujos se encuentran ejecutivos senior cuyas relaciones, credibilidad institucional y conocimiento de mercado determinan dónde aterrizan miles de millones.\u003C\u002Fp>\u003Cp>Figuras como Roy March, durante largo tiempo consejero delegado de Eastdil Secured, y Roger Orf, socio y responsable de real estate para Europa en Apollo Global Management, representan el arquetipo del dealmaker basado en relaciones cuya influencia en el despliegue de capital supera con creces cualquier transacción individual. Sus carreras ilustran cómo el capital institucional estadounidense encuentra su camino hacia los mercados europeos y por qué el corredor está preparado para una mayor expansión en 2026.\u003C\u002Fp>\u003Ch2>Los volúmenes de inversión europeos señalan una confianza renovada\u003C\u002Fh2>\u003Cp>La inversión en el sector inmobiliario europeo alcanzó los €241.000 millones en 2025, un aumento del 13% respecto a 2024, según CBRE. El Reino Unido representó el 30% de ese total, alcanzando €73.000 millones, reforzando su posición como la principal puerta de entrada para el capital transfronterizo que entra en Europa.\u003C\u002Fp>\u003Cp>La recuperación refleja una convergencia de factores. Los diferenciales favorables de tipos de interés entre el Banco Central Europeo y la Reserva Federal de EE.UU. han creado costes de financiación relativamente menores para los inversores denominados en dólares que entran en mercados de la zona euro. Las correcciones de precios en varios sectores europeos han mejorado los yields de entrada, y la profundidad del producto de grado institucional en logística, residencial y reposicionamiento de oficinas continúa atrayendo a grandes asignadores de capital.\u003C\u002Fp>\u003Cp>Savills proyecta que los volúmenes de inversión inmobiliaria europea crecerán un 25% adicional en 2026. JLL prevé que la inversión solo en el sector residencial europeo superará los €70.000 millones en 2026. Estas proyecciones sugieren que el ciclo actual aún se encuentra en su fase temprana de expansión.\u003C\u002Fp>\u003Ch2>¿Quién es Roy March y por qué importa su papel en los flujos de capital transatlánticos?\u003C\u002Fh2>\u003Cp>Roy March convirtió a Eastdil Secured en la firma de asesoría de capital preeminente en el mercado inmobiliario comercial de EE.UU. a lo largo de más de dos décadas como su consejero delegado. La firma se convirtió en el intermediario de referencia para las mayores y más complejas ventas de inversión, financiaciones y recapitalizaciones del mercado americano, asesorando a fondos soberanos, sistemas de pensiones e inversores institucionales en transacciones que frecuentemente superaban los mil millones de dólares.\u003C\u002Fp>\u003Cp>En marzo de 2026, Savills completó la adquisición de Eastdil Secured por 1.100 millones de dólares, según reportó el Commercial Observer. Roy March pasó de CEO a presidente ejecutivo de Eastdil Secured como parte del acuerdo. El precio de adquisición por sí solo señala el extraordinario valor que el mercado otorga a las relaciones de asesoría de la firma y a su capacidad para mover capital institucional a través de fronteras.\u003C\u002Fp>\u003Cp>La combinación Savills-Eastdil crea una plataforma con profundas capacidades de originación a ambos lados del Atlántico. Savills aporta una cobertura granular del mercado europeo en Reino Unido, Alemania, Francia, España, Países Bajos y los países nórdicos. Eastdil Secured contribuye con su red inigualable de inversores institucionales estadounidenses, incluyendo fondos de pensiones, endowments, compañías de seguros y firmas de private equity. El papel de Roy March como presidente ejecutivo lo posiciona como la figura senior que conecta estas dos redes al más alto nivel.\u003C\u002Fp>\u003Cp>La lógica estratégica es clara: los inversores institucionales estadounidenses que buscan exposición europea requieren intermediarios de confianza que comprendan tanto el proceso de formación de capital en Nueva York como las complejidades localizadas de cada mercado europeo. Ejecutivos senior con décadas de historial transaccional proporcionan la credibilidad que desbloquea las aprobaciones de los comités de asignación.\u003C\u002Fp>\u003Ch2>¿Cómo ejemplifica Roger Orf la tesis de inversión EE.UU.-Europa?\u003C\u002Fh2>\u003Cp>Roger Orf ha invertido en mercados inmobiliarios europeos desde 1991, según registros del GRI Institute. Como socio y responsable de real estate para Europa en Apollo Global Management, supervisa uno de los mayores pools de capital privado dirigidos al continente. Su trayectoria profesional, desde la inversión europea en fases tempranas del ciclo pasando por múltiples crisis y recuperaciones, representa el profundo conocimiento institucional que distingue a los asignadores transfronterizos exitosos.\u003C\u002Fp>\u003Cp>Orf es una figura prominente dentro de las redes de GRI Real Estate, donde ejecutivos senior se reúnen para intercambiar inteligencia sobre condiciones de mercado, desarrollos regulatorios y flujo de operaciones en las distintas jurisdicciones europeas. Plataformas como GRI Club sirven como tejido conectivo esencial para la comunidad inversora transatlántica, posibilitando el tipo de diálogo directo y confidencial entre proveedores de capital y operadores locales que los entornos formales de conferencias rara vez logran.\u003C\u002Fp>\u003Cp>La estrategia inmobiliaria europea de Apollo refleja una tendencia más amplia entre los gestores alternativos estadounidenses. En lugar de depender exclusivamente de socios locales o estructuras de fund-of-funds, firmas como Apollo han construido equipos europeos dedicados liderados por ejecutivos con track records de múltiples décadas en la región. Este enfoque permite un underwriting directo, una ejecución más rápida y un mayor control sobre la gestión de activos, factores que se vuelven más importantes a medida que los tickets crecen.\u003C\u002Fp>\u003Ch2>El panorama regulatorio que moldea el despliegue de capital\u003C\u002Fh2>\u003Cp>Los inversores institucionales estadounidenses que entran en Europa deben navegar un entorno regulatorio en evolución que varía significativamente entre jurisdicciones. Dos desarrollos recientes a nivel de la Comisión Europea merecen especial atención.\u003C\u002Fp>\u003Cp>El Plan Europeo de Vivienda Asequible, presentado el 16 de diciembre de 2025, establece un marco integral para impulsar la oferta de vivienda y movilizar inversión pública y privada a través de una plataforma de inversión paneuropea. El plan también busca simplificar los procedimientos de licencias para el desarrollo inmobiliario. Para los inversores institucionales, particularmente aquellos enfocados en el sector residencial, el plan genera tanto oportunidad como complejidad. Nuevos vehículos de movilización de capital pueden canalizar inversión hacia vivienda asequible y para trabajadores a escala, pero el cumplimiento de criterios de asequibilidad y la potencial regulación de alquileres deben incorporarse al underwriting.\u003C\u002Fp>\u003Cp>Por separado, una nueva regulación de alquileres de corta duración será aplicable a partir de mayo de 2026, exigiendo registro obligatorio y compartición de datos entre plataformas digitales de alquiler de corta duración y las autoridades nacionales. La medida aborda la presión sobre la vivienda y la especulación del mercado, particularmente en ciudades con fuerte turismo del sur de Europa. Los inversores con exposición a estrategias residenciales adyacentes a la hostelería deberán evaluar cómo la aplicación normativa afecta los modelos operativos y los yields.\u003C\u002Fp>\u003Cp>Estos cambios regulatorios refuerzan el valor de socios locales experimentados y redes de asesoría. Navegar la reforma de licencias en España difiere materialmente de estructurar plataformas residenciales conformes en los Países Bajos o Alemania. Los dealmakers senior que conectan el capital estadounidense con Europa sirven, en parte, como traductores de esta complejidad regulatoria.\u003C\u002Fp>\u003Ch2>El contexto doméstico de EE.UU. impulsa la asignación al exterior\u003C\u002Fh2>\u003Cp>Se espera que la actividad de inversión inmobiliaria comercial en EE.UU. aumente un 16% hasta 562.000 millones de dólares en 2026, según CBRE. Aunque este crecimiento doméstico podría parecer capaz de absorber capital internamente, la dinámica opuesta también está en juego. A medida que los mercados estadounidenses se recuperan y los precios se comprimen, los inversores institucionales buscan valor relativo en el exterior. Los mercados europeos, donde las correcciones de precios llegaron más tarde y la recuperación está menos avanzada, ofrecen ventajas de spread que los grandes asignadores encuentran atractivas.\u003C\u002Fp>\u003Cp>El diferencial de tipos de interés entre el BCE y la Reserva Federal amplifica esta dinámica. Los inversores financiados en dólares pueden acceder a deuda denominada en euros a costes más bajos, mejorando los retornos apalancados en adquisiciones europeas. Esta ventaja estructural es un impulsor principal de los flujos récord de capital residencial observados en 2025 y proyectados para 2026.\u003C\u002Fp>\u003Ch2>¿Qué distingue al corredor institucional estadounidense de otros flujos transfronterizos?\u003C\u002Fh2>\u003Cp>El corredor de capital EE.UU.-Europa difiere de los flujos de Oriente Medio, Israel o América Latina hacia el inmobiliario europeo en varios aspectos fundamentales. El capital institucional estadounidense tiende a ser mayor en escala, más largo en duración y más concentrado en estrategias core y core-plus. Los fondos de pensiones y endowments asignan a Europa como parte de carteras globales diversificadas con objetivos de retorno medidos en décadas. Este capital paciente favorece sectores con flujos de ingresos predecibles, como residencial, logística y ciencias de la vida.\u003C\u002Fp>\u003Cp>La infraestructura de asesoría que respalda a los inversores institucionales estadounidenses también es más formalizada. Firmas como Eastdil Secured, ahora bajo el paraguas de Savills, proporcionan ejecución dedicada de mercados de capitales que conecta decisiones de asignación en Nueva York, Boston y San Francisco con oportunidades a nivel de activo en Londres, Berlín, Madrid y Ámsterdam. Los ejecutivos senior que lideran estos esfuerzos — figuras como Roy March y Roger Orf — funcionan como nodos críticos en una red que el capital institucional requiere antes de moverse.\u003C\u002Fp>\u003Cp>El GRI Institute ha servido consistentemente como plataforma de encuentro donde estos ejecutivos interactúan con operadores, promotores y coinversores europeos. El modelo de club, construido sobre el intercambio directo entre pares de líderes senior, refleja la naturaleza basada en relaciones de la inversión inmobiliaria transfronteriza.\u003C\u002Fp>\u003Ch2>Perspectivas para 2026 y más allá\u003C\u002Fh2>\u003Cp>Los datos apuntan a una profundización del corredor de capital EE.UU.-Europa. Los volúmenes de inversión europeos se prevé que crezcan un 25% en 2026, según Savills. Solo el sector residencial podría absorber más de €70.000 millones, según JLL. Y los incentivos estructurales — desde diferenciales de tipos hasta brechas de precios — permanecen intactos.\u003C\u002Fp>\u003Cp>Los dealmakers senior que han construido sus carreras conectando estos dos mercados están posicionados en el centro de esta expansión. La transición de Roy March a presidente ejecutivo de Eastdil Secured, dentro de una plataforma global ahora integrada con Savills, señala que el modelo de asesoría transatlántica está escalando. El liderazgo continuado de Roger Orf en Apollo y su participación en las redes de GRI Real Estate reflejan la profundidad institucional del compromiso estadounidense con los mercados europeos.\u003C\u002Fp>\u003Cp>Para operadores y promotores europeos, el mensaje es directo: el capital institucional estadounidense está llegando en volúmenes mayores, con horizontes temporales más largos y a través de canales más sofisticados que nunca. Los ejecutivos que facilitan estos flujos ejercen una influencia significativa sobre qué mercados, sectores y socios reciben asignación. Comprender sus prioridades ya no es opcional para cualquier participante serio en el mercado inmobiliario europeo.\u003C\u002Fp>","El capital institucional de EE.UU. fluye hacia el inmobiliario europeo a niveles récord, impulsado por diferenciales favorables de tipos de interés, correcciones de precios y mejores yields de entrada. En 2025, los inversores estadounidenses desplegaron €17.000 millones en activos residenciales europeos, mientras los volúmenes totales alcanzaron €241.000 millones (+13%). Dealmakers senior como Roy March, de Eastdil Secured, y Roger Orf, de Apollo, son centrales en este corredor transatlántico. Con la adquisición de Eastdil por Savills por 1.100 millones de dólares y proyecciones de crecimiento del 25% en 2026, el flujo de capital se expandirá aún más.","\u003Cul>\n\u003Cli>Los inversores de EE.UU. desplegaron un récord de €17.000 millones en residencial europeo en 2025, con volúmenes totales de €241.000 millones (+13%).\u003C\u002Fli>\n\u003Cli>Savills adquirió Eastdil Secured por 1.100 millones de dólares, creando una plataforma transatlántica con Roy March como presidente ejecutivo.\u003C\u002Fli>\n\u003Cli>Los diferenciales de tipos BCE-Fed permiten deuda en euros más barata para inversores en dólares, mejorando retornos apalancados.\u003C\u002Fli>\n\u003Cli>La inversión inmobiliaria europea crecerá un 25% en 2026, con el residencial superando los €70.000 millones.\u003C\u002Fli>\n\u003Cli>Nuevas regulaciones de la UE sobre vivienda y alquileres de corta duración añaden complejidad, reforzando la necesidad de redes locales de asesoría.\u003C\u002Fli>\n\u003C\u002Ful>\n","Roy March y el capital de EE.UU. en el inmobiliario europeo","roy march, gri real estate, roger orf, gri club, inversión inmobiliaria europea, capital institucional eeuu, eastdil secured, apollo global management","Los inversores de EE.UU. desplegaron un récord de €17.000 millones en el residencial europeo en 2025. Descubra cómo dealmakers senior como Roy March y Roger Orf conectan capital institucional estadounidense con Europa a través de plataformas como Eastdil S",{"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":47,"label":1297,"translations":1500},[1501,1503,1505],{"label":1297,"slug":1308,"language":1502},{"code":13},{"label":1311,"slug":1312,"language":1504},{"code":18},{"label":1315,"slug":1316,"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":136,"label":1051,"translations":1516},[1517,1519,1521],{"label":1051,"slug":1062,"language":1518},{"code":13},{"label":1065,"slug":1066,"language":1520},{"code":18},{"label":1069,"slug":1070,"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\u002Froy-march-us-institutional-capital-european-real-estate","\u002Fmercado-imobiliario\u002Froy-march-us-institutional-capital-european-real-estate","\u002Fmercado-inmobiliario\u002Froy-march-us-institutional-capital-european-real-estate",[1550,1551,1552,1553,1554,1555],"Infra Brazil","Infra Latam","Real Estate Brazil","Real Estate Europe","Real Estate India","Real Estate Latam"]