Real estate investment is trending. Financial services firm Beka Finance is preparing to open a new division focused on launching and developing different real estate investment products, as well as providing specialised advice on this type of alternative investment, reported Expansión.
At the head of Real Estate will be Jesús Vicente Asenjo, a professional who joined the company after a long trajectory as director on several real estate companies such as Metrovacesa and Merlín. Asenjo will report directly to Carlos Stilianopoulos, the group’s CEO and will work closely with the asset management and alternative management teams.
The new division will invest in three different segments within real estate: assets with sustainable user demand such as rental housing and logistic; assets which represent good opportunities due to the market’s situation, such as hotels and shops in prime areas and alternative assets, such as co-living and senior housing.
Beka Real Estate will seek to invest both in Spain and Portugal, which are also the company’s main markets in terms of the other divisions. The division’s strategic cycles should last between five and seven years.