Vía Célere invest €100M and prepares debut in the stock market for 2018

Vía Célere invest €100M and prepares debut in the stock market for 2018

Acquired last February by six funds led by Värde Partners, Vía Célere now acquired nine lands with a buildable area of 212,016 m2 and where they can construct 1,907 new houses. These are spread over Madrid (Barajas and Pozuelo, with 89.100 m² buildable and capacity for 828 new houses) and Cataluña (Barcelona and Girona, with capacity for 242 houses), and the remaining buildable 105.000 m² are divided by Valencia, Seville, Malaga, Tenerife and La Corunha, where will be constructed 837 homes.

Following the contribution of funds from the new shareholders, Vía Célere set itself the goal of investing between €200 million and €250 million, per year, until 2023, in order to maintain a construction rate of around 3,000 homes per year.  To 2017 the forecast is to start building 1,800 units.

In total, Vía Célere’s assets are worth €704M, including 10,054 homes in progress or under construction. Before the integration with DosPuntos, the property developer recorded revenues of €75.4M in its last full year.

Meanwhile, according to Eje Prime, Värde Partners is preparing the entry of Vía Célere in stock market for 2018, following the footsteps of Neinor Homes. This was the first real estate developer to debut on the stock market in almost a decade, with a value of €1,340 million. Currently, its market capitalization amounts to around €1,498 million.


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