Post by account_disabled on Mar 14, 2024 1:48:20 GMT -5
Valencia, in the target of investment funds as a safe value. The German fund Verianos has once again put Spain in its sights for investment and has closed the acquisition of a 1,600 m2 building in Valencia , as company sources have explained to idealista/news. The building, which is currently used as offices, has the possibility of changing its use to be exploited by a tourist business.
The purchase of this asset, which is located in the port of Valencia but for which details such as the amount of the operation have not been revealed, has been carried out through its Verianos European Opportunities Fund . Along with this purchase, the acquisition of another building in Milan has also been transacted, this one with a leasable area of 3,000 m2.
These purchases by the German listed Phone Lead company, specialized in value investments in the European small and mid-cap real estate segment, are brought together under the umbrella of purchases made through its Verianos European Opportunities Fund.
In 2020, in an off-market transaction, the fund acquired a fully leased portfolio of six trading assets. The portfolio has a leasable area of around 25,000 m2 in locations in the center of Barcelona .
The purchase was made in the sale&lease back modality (sale with subsequent lease). The objective of the acquisition was to convert the commercial properties into residential use and thus increase the value creation potential.
This was the European Opportunities Fund's second acquisition, following the purchase of a fully let commercial property in a central location in Valencia from the same seller in July of that year. In addition, the company has a portfolio of 300 homes in Valencia, which it purchased in 2017.
The fund targets properties with value creation potential in Europe and invests with a volume of between two million and 20 million euros per investment.
Initially, it has focused on the acquisition of properties in Germany and Spain, but in recent months it has opened up its search spectrum, including countries like Italy in its priorities. The target volume is 50 million euros (own funds), which will be used for investments in real estate projects with a total volume of around 200 million euros.
The purchase of this asset, which is located in the port of Valencia but for which details such as the amount of the operation have not been revealed, has been carried out through its Verianos European Opportunities Fund . Along with this purchase, the acquisition of another building in Milan has also been transacted, this one with a leasable area of 3,000 m2.
These purchases by the German listed Phone Lead company, specialized in value investments in the European small and mid-cap real estate segment, are brought together under the umbrella of purchases made through its Verianos European Opportunities Fund.
In 2020, in an off-market transaction, the fund acquired a fully leased portfolio of six trading assets. The portfolio has a leasable area of around 25,000 m2 in locations in the center of Barcelona .
The purchase was made in the sale&lease back modality (sale with subsequent lease). The objective of the acquisition was to convert the commercial properties into residential use and thus increase the value creation potential.
This was the European Opportunities Fund's second acquisition, following the purchase of a fully let commercial property in a central location in Valencia from the same seller in July of that year. In addition, the company has a portfolio of 300 homes in Valencia, which it purchased in 2017.
The fund targets properties with value creation potential in Europe and invests with a volume of between two million and 20 million euros per investment.
Initially, it has focused on the acquisition of properties in Germany and Spain, but in recent months it has opened up its search spectrum, including countries like Italy in its priorities. The target volume is 50 million euros (own funds), which will be used for investments in real estate projects with a total volume of around 200 million euros.