Almagro Capital plans a €14M capital increase

Almagro Capital plans a €14M capital increase

This decision was taken «in light of the growing interest generated by the real estate monetisation solution from the senior collective», it can be read in the release.

Thus, if approved by the general board, Almagro Capital will continue its expansion plan in line with the capital increase policies to feed the investment plans for the coming months. Almagro Capital has already carried out its third capital increase for 16 million euro last August.

«The Almagro model allows senior citizens to monetize their illiquid savings concentrated on housing and with that cash complement their public pensions to cover social and health expenses, thus guaranteeing the well-being of their own house and remaining in their homes for the rest of their lives» it was pointed out at Almagro Capital.

Almagro Capital already has an 8.500 sqm portfolio spread across 62 residences located in Madrid.

Iberian Property is the best platform for investment in Spain & Portugal. Created for those who seek reliable information about players and deals happening in Iberia. Through updated database, reports, market indicators and daily news, we report “Who’s Who” in Iberian Real Estate!. Iberian Property is also proud to organize the most important international real estate investors’ meeting in Iberia - Portugal Real Estate Summit!