The investment holding company Capreon, owned by the Noé family, is studying investments in the Spanish real estate market. “Spain has always carried out ambitious plans for the future; be it Ildefons Cerdà, in the forecast of urbanization and conception of the Eixample of Barcelona, or the regeneration plans of Castellana Norte, at present ”, explains George Minns, general director of the company.
Capreon combines a family investment model with a 40-year track record, with a private equity investment model. It has 2,500 million euros in assets under management; in the United Kingdom, Germany, Belgium, the Netherlands and Luxembourg.
Its strategy is based on investing between 400 million and 500 million a year in areas of low liquidity, where its capital can be useful; and in areas with structural changes that could not be supported by a traditional capital, but by yours for the long term.
Although they do not have any Spanish assets in their portfolio, the holding team has participated in operations in the national territory. Focused on residential, retail, offices, logistics and alternative assets; they assure: "We have identified Spain as an important market in which to gain ground".
“In institutional logistics it is difficult to compete. We are looking to expand our portfolio of specialty campuses and will invest in mixed-use assets: medical, educational, film, or high-tech manufacturing, ”describes Capreon's CEO. The company has already promoted a 100,000-square-meter high-tech campus in the Netherlands. They confess that, if this model were to be implemented in Spain, they would do so outside the main cities, in university cities.
Residences for the elderly, a way to explore
The Capreon executive completes: "We are looking forward to investing in the residential sector and we are investigating how our capital can be a catalyst for positive change." In October, they allocated £70 million to promoting senior housing, with the intention of developing a portfolio of retirement communities of 500 million.
In addition, they have a pan-European data center operator, Kao Data. "We consider data centers to be the most essential part of the global infrastructure of the future and Spain will need a large investment in this sector," adds George Minns.