This new vehicle’s development process has been very fast and the two companies expect to launch it already in 2020. They also plan frequent capital increases, so as to acquire assets regularly.
According to Idelista/news this Tuesday, the new society should be investing in segments that go from logistic to office buildings and even alternative assets. According to the same sources, the two companies are also looking for investment opportunities to add new buildings to their portfolio.
This new society appears after both companies successfully launched together a vehicle in Spain – REIT ORES, listed at the Mercado Alternativo Bursátil, the country’s secondary Stock Exchange. This vehicle was launched in December and it already has 34 assets in its portfolio estimated at 357 million euro. These assets generate annual revenues of 21 million euro.