IBERO I will make it possible to invest in commercial property taking advantage of Spain potential

23 Jun '16

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With the participation of more than 80 investors in meetings held at Soldati Propiedades offices, IBERO I was launched, a private fund which makes it possible to invest in class A and B commercial property located in the main urban centers of Spain.

This fund will be traded by Soldati Propiedades, managed by INMSA and administered by FDI.

Spain has started to be the focus of attention of the largest real estate investors. There are signs of macroeconomic recovery and the real estate market is showing encouraging signs as well.

The Spanish economy is getting back on track, showing 3.2% GDP growth in 2015, higher than the rest of Europe. Also, employment rates are going up at a number of 500,000 new jobs annually, therefore, the unemployment rate is decreasing at a good pace.

Regarding the real estate market, after a 7-year fall, the average housing price experienced a yearly 2.4% increment in 2015. Last year, it showed a peak record of operations in its history with more than 12 billion euros in the housing market, exceeding 9 billion in 2007, which had been the highest in its history. This shows that they are moving away from 6 years of scarce activity.

“The purchase of real estate by foreigners is one of the signs showing that recovery is being initiated, as the external demand usually anticipates up to 2 years the beginning of the change in the housing price cycle” said Alejandro Schuff, Sales Director at Soldati Propiedades.

“No doubt, Spain is today the most attractive country to invest in real estate, considering the mid-term risk-benefit ratio involved, if compared to other countries with similar risk in Europe or to other counties or regions such as USA or Latin American countries. After a strong fall for 7 years, a clear sign of the initial recovery phase of most classes and types of assets is being shown” said Mariano Capellino, CEO of INMSA. 

 

Information about the Fund

“The goal of this fund is to achieve a minimum 9% annual return for the investor, with annual 4% coupons advance payments, building a real estate asset portfolio including assets with potential to add value in the mid-term”  

“The fund assets will be exclusively invested in commercial property (stores and offices), class A and B, located in Spain (Madrid and capital cities of provinces). Property under pre-construction process is excluded”.

The main business activity will involve the purchase (at prices lower than the market value), use (by setting a value, if necessary, and renting them if vacant) and sale of real estate assets. Thus, income from rentals will be received during the use of the asset and upon their sale; a revaluation benefit will be obtained.

This fund is oriented to a prudent investor with 36-month investment horizon.

The initial amount of the fund will be 5,000,000 EUROS with a minimum investment amount of 200,000 EUROS. The subscription period ends on August 30 2016.

This project is developed with the participation of Soldati Propiedades as trader, INMSA as Manager of IBERO I Fund and FDI asset management company in charge of the administration process.

 

 

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