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IBERDROLA INMOBILIARIA and the Spanish Confederation of Young Entrepreneurs (CEAJE) have signed a collaboration agreement aimed at supporting and incentivising the business ambitions of young Spaniards. The agreement, ratified by both parties, aims to offer buildings under special terms to over 18,500 young people who are members of this organisation to allow them to locate their businesses.

Under the agreement, IBERDROLA INMOBILIARIA, a nationwide company that specialises in managing and implementing urban development projects, will commit to giving priority to CEAJE members, offering them its products under advantageous economic and financial conditions. The company will also take into account any particular requirements put forward by the Spanish Confederation of Young Entrepreneurs to ensure tailor-made products are offered through its new urban development projects that meet the needs of the Confederation's members in terms of use, surface area and economic conditions.

Emilio Vázquez, External Relations Director of IBERDROLA INMOBILIARIA, said after the agreement was signed that “one of our objectives is to create spaces where people can work, and thanks to this agreement, we are going to make significant progress in this area by ensuring such spaces support projects stemming from the efforts of young entrepreneurs, who must bring new blood to the entire economy”.

Meanwhile, David Alva, CEAJE's Chairman, highlighted the importance of signing this agreement at this moment in time: “While everyone is still talking about financing as one of the main handicaps to starting a new business, having access to a place where you can bring your business idea to life is vital when it comes to deciding whether or not to continue. The Confederation is striving to sign more agreements like this, which allow us to help our members take all the steps necessary to start a business. Our ability to leave the recession behind depends to a large extent on the bravery of new entrepreneurs and business people who decide to take their projects forward and continue to generate wealth”.

More about IBERDROLA INMOBILIARIA

IBERDROLA INMOBILIARIA offers a broad portfolio of products, ranging from first homes to holiday homes, office buildings, industrial units, shopping centres and hotels, as well as providing property consultancy and management services to third parties. The company currently owns rental property with more than 245,000m² of gross leasable area.

http://www.iberdrolainmobiliaria.com

More about CEAJE

The Spanish Confederation of Young Entrepreneurs (CEAJE) is a non-profit organisation operating at a cross-sector level across Spain. It was founded in 1991 to foster entrepreneurial spirit and raise awareness of the importance of business and the role of young entrepreneurs in society. The organisation currently serves over 18,500 young entrepreneurs who are members of 46 provincial associations. It is a member of the Executive Committee of the Spanish Confederation of Employers' Organisations (CEOE), chairs the CEOE's Business Development and Environment Committee, is the treasurer of Yes For Europe, and chairs the Iberoamerican Confederation of Young Entrepreneurs (FIJE).

http://www.ceaje.es

For further information:

José Luis González Sequera - 647 44 23 72

joseluis.gonzalez@iberdrolainmobiliaria.com

Sandra Garcia - 663 943 389

sgarcia@strategycomm.net