OAK Hill with 400 million Euros to invest in the residential market

OAK Hill with 400 million Euros to invest in the residential market

According to the Íbero President, Walter Luna, this partnership is to provide a response “to the shortage of modern-structured capital to finance property development and a strong demand for new housing that is not being satisfied”.

They are currently negotiating the funding of 50 million Euros to develop close to 500 houses on the Costa del Sol and in Madrid. The commercial viability of the project and the minimum capital of 5 million Euros are two of the requirements demanded by Oak Hill which, as a counterpart, offer longer financing periods than those of a bank and also provide funds to purchase the ground.

Defining a period of six years to invest the 400 million Euros intended for the Iberian Peninsula, Oak Hill’s strategy has changed from expanding their geographical operating radius in Spain to eventual entry into the Portuguese market.

Although this marks their launch into residential development, this is not, overall, their first operation in Spain where Oak Hill have already invested over 1 billion Euros in corporate loans and purchasing assets and companies.

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