9 November 2017 – Eje Prime
Meridia Capital is taking another step forward in its real estate adventure. The company, founded and chaired by Javier Faus (pictured below, far right), is considering entering the residential rental business. To this end, the group has already negotiated the cost of capital and returns required to raise a new fund, as the director explained on Tuesday at the Economy Circle in Barcelona.
The fund will be aimed at institutional investors who work regularly with the investment fund, according to Crónica Global. The businessman acknowledges that it will be a tough market to enter, but he considers that it is “basic” for the future of this type of real estate vehicle.
At the same meeting, Pere Viñolas (pictured above, second from left), CEO at Colonial, said that the entry of listed real estate companies into the rental housing market in countries such as Germany has boosted the sector and helped to adjust prices.
Original story: Eje Prime
Translation: Carmel Drake