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Socimi Vivenio to Invest Another €142.5M to grow its Portfolio

11 March 2019 – Idealista

The Socimi Vivenio, owned by Renta Corporación (3%) and the Dutch fund APG (95%), has approved a capital increase amounting to €142.5 million, as it seeks to continue to grow its portfolio. The company will use the funds to buy new residential assets to incorporate into its portfolio, which is worth €470 million, according to the Alternative Investment Market (MAB).

Vivenio’s portfolio currently comprises 24 residential properties (containing more than 2,000 homes, 2,020 parking spaces and 1,600 storerooms) spanning a surface area of 185,500 m2, located mainly in Madrid and Barcelona. It also owns some assets in Valencia and Palma de Mallorca. The Socimi was created in April 2017 and has been listed on the MAB since the end of 2018.

Original story: Idealista 

Translation: Carmel Drake