Searching for business opportunities in Spain – Iberó I

28 Jun '16

esp-ch

We share the article published in La Nación newspaper about the agreement signed between Inmsa and Soldati Propiedades aimed to lunch Iberó I Investment Fund, an opportunity to invest in real estate in Spain.

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Searching for business opportunities in Spain

Soldati Propiedades signed an agreement with Inmsa, a global company engaged in real estate operations and an investment fund named Iberó I has been launched.

Little by little Spain is again being the focus of attention of large real estate investors and starts moving away from its crisis, experiencing its worst years between 2008 and 2013.  There are signs of macroeconomic recovery and, in addition, the real estate market is showing encouraging signs enabling both developers and investors to be optimistic.

The Spanish economy is getting back on track and it is already showing 3.2% GDP growth in 2015, higher than the rest of Europe. After more than a 7-year fall, the average housing price had an annual increment of 2.4% in April. Meanwhile, mortgage rates are experiencing historically low levels below 2% yearly. The year 2015 has reached a peak number of operations 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.

In view of this favorable context, the national company Soldati Propiedades and Inmsa, a global company engaged in real estate investments, signed an agreement and launched a private investment fund named Iberó I.

“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”  said Alejandro Schuff, Sales Director at Soldati Propiedades.

“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”, he said.

The fund is oriented to a prudent investor with 36-month investment horizon. In fact, many cities such as Barcelona, Valencia, Sevilla, Bilbao, among others, will be able to generate new business opportunities in areas whose potential will soon experience recovery. 

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 this year. This project is developed with the participation of Soldati Propiedades as trader, Inmsa as manager of Iberó I fund and FDI asset management in charge of the administration process.

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