Board members
Chairman and Non-Executive Proprietary Director

Chairman and Non-Executive Proprietary Director Mr. Rapp, graduated with Honors from the Universality of the Witwatersrand as well as having attended Wharton University's Business Executive Development Program. For the past 11 years, Mr Rapp has being the Chief Executive Officer of Vukile Property Fund Limited, Castellana's majority shareholder. He has extensive experience in the financial services environment, spanning investment banking, private equity, retail banking and insurance and asset management. He was previously director of Standard Bank, having headed the Insurance and Asset Management division and, prior to that, heading Strategic Investment and Alliances. Additionally, he is the former President of the South African REIT Association.

CEO and Executive Proprietary Director

Alfonso Brunet Morales-Arce holds a Bachelor in Business Administration with Concentration in Finance from Boston University (1994-98). Since 2017, Alfonso is CEO of Castellana Properties.

Since the beginning of his professional career, Alfonso focused his work in the Real Estate sector. Between 1998 and 2006, he held different positions at CB Richard Ellis (CBRE) until he assumed the position of responsible for logistics and industrial assets. Later, between 2006 and 2017, he led Pradera Management in Spain, in charge of national investments before assuming the position of Managing Director of the Spanish Office. In this position, he furthered his expertise in the Retail sector, among other areas, where he continues to work today as the head of Castellana Properties.


CFO and Executive Proprietary Director

Debora Santamaria holds a Degree in Business Administration from University of Alicante (Spain) with a specialization in Financial Management. With more than 20 years of professional experience, Debora Santamaria began her career in the field of audit and consulting, first in KPMG from 2002 to 2008 and later in PwC until 2014, when she joined Axiare Patrimonio Socimi, S.A. as Financial Director. In October 2018, Debora joined Castellana Properties as CFO.

Debora is Certified Public Accountant, member of the ROAC (Official Registry of Accounting Auditors) and member of the Royal Institution of Chartered Surveyors (RICS). She has an extensive experience in auditing large listed groups, business valuation and due diligence in companies such as Iberdrola Inmobiliaria, Alza Real Estate, Metrovacesa and Acciona, among others.

Non-Executive Independent Director

Mr Masso is currently a director of Excem Capital Partners Socimi, independent Director o Gesvalt Sociedad de Tasación, and senior Advisor-Partner of G & MS Corporate. Mr Masso is a professional with more than 34 years of professional experience in consulting and operations in Spain, Europe and Latin America. For 21 years he has been a partner of PricewaterhouseCoopers Corporate Finance. He has wide experience in Mergers and Acquisitions, Financing, Structuring public projects/Private and Business Consulting and Strategy, with specialization in Real Estate and Infrastructure-related sectors. He has acted as Corporate Restructuring Advisor, Independent Restructuring Plan monitoring and advisor to various boards across Spain. Mr. Masso holds a Degree in Economics and Business Administration and is a Certified Account Auditor and member of the Official Register of Accounts Auditors of Spain (ROAC).

Non-Executive Independent Director

Mr. Moran, with 26 years of experience in the financial industry, is currently the CEO of Sovereign Bank. He was the former CEO of Santander Group United States from 2010 to 2013. Now, he is also a member of the Santander Global Management Group. Before joining Santander, Mr. Moran was CEO of Morgan Stanley for Spain & Portugal. Previously, he has been on the advisory board of Columbia University’s School of International & Public Affairs (NY). Mr. Moran holds a degree in Economics and Business Administration from ICADE (Madrid) and an Honorary Doctorate of Commercial Science from Bentley University (MA).

Non-Executive Proprietary Director

Mr. Michael John Potts was the Financial Director of Vukile Property Fund Limited from its date of listing on the Johannesburg Stock Exchange in 2004 to the date of his retirement on 30 June 2019.

Prior to this he was an independent adviser (consultor externo) to the Bridge Capital Group focussing on property transactions, property portfolio assembly, financial structuring, and capital raising. Mr. Potts was also a non-executive director of the Bridge Capital Group, Outspan International, and Synergy Income Fund. Mr. Potts is a Chartered Accountant and holds a degree in Accounting from the University of Witwatersrand, and a Higher Diploma in Tax Law from the same university.

Non-Executive Proprietary Director

Mr. Payne is the independent non-executive chairman of the Vukile board of directors, where he has served since 2012. He is also the chairman of listed retailer Mr. Price Group Ltd, and lead independent director of global food services group Bidcorp Limited.

Mr. Payne is a chartered accountant, with degrees in accounting from Rhodes University and a Master in Business Leadership from the University of South Africa.

Non-Executive Proprietary Director

Mr. Adam Lee Morze holds a Diploma on Property Development and Management and he is an associate appraiser with over 32 years of experience in the real estate market in more than 33 countries. Mr. Morze initiated his career doing appraising and assessment of real estate property acquisitions. He built a portfolio of private properties, including retail centers, car dealers, industrial facilities, corporate headquarters, private hospitals, hotels, and Brown & Greenfield developments.

Non-Executive Proprietary Director

Laurence Cohen, a Chartered Accountant (South Africa) and member of the South African Institute of Chartered Accountants (SAICA), has a B. Com degree from the University of the Witwatersrand (Johannesburg) and a degree in accounting from the University of South Africa (UNISA).

With more than 20 years' experience in auditing, corporate finance, financial management and real estate management, Laurence began his career in auditing at Fisher Hoffman (PKF) from 1996 to 1999. In 2000, he joined Grant Thornton in Johannesburg, where he worked as a senior corporate finance consultant for 3 years. In 2003, he joined Hyprop Investments Limited, where he held the position as CFO until 2018. Hyprop is a leading retail focused Real Estate Investment Trust (REIT), listed on the Johannesburg Stock Exchange (JSE). During his time at Hyprop, Laurence was involved extensively in various aspects of property asset management, debt capital markets and local and international deal structuring. He also chaired the Accounting and JSE Committee of the South African REIT Association, served on its Executive Committee and was instrumental in publishing the first best practice recommendations (BPR) for the South African REIT sector.

Earlier in 2019, Laurence joined Vukile Property Fund Limited (Vukile) as CFO. Vukile, also a retail focused REIT listed on the JSE, is the major shareholder of Castellana Socimi SA.


Non-Executive Vice Secretary

Graduated in Law and Business Administration from the University Carlos III. Ms. Rodriguez is a senior associate in Corporate Practice at Ashurst Spain specialized on Commercial Law and M&As.

Non-Executive Secretary

Mr. Javier Hernández Galante graduated in Law from the Spanish National University of Distance Education, graduated in Economic Sciences from the University Carlos III in Madrid, and an expert in International Tax from the Universidad Complutense de Madrid. He is currently specializing in Spanish and European Union Tax Systems. Mr. Hernández Galante advises national and international companies on tax issues for financial operations like acquisitions, restructuring, real estate operations and high-net-worth individuals, indirect taxes and international tax planification. He advised the first REIT to be listed in the Spanish Alternative Stock Market (MAB), and the first Fund of Banking Assets (FAB) registered in the Spanish National Commission of the Stock Market (known by its initials in Spanish, CNMV), being therefore recognized as an expert on REITs.