15 January 2020 – Expansión
Two former rivals, Juan Olivié and Javier Fernández, have joined forces to create a new fund with a clear focus: the purchase of medium-sized plots of land or commercial premises, measuring between 2,000 m2 and 4,000 m2, to convert into single-operator commercial spaces for the restaurant, supermarket or DIY sectors.
Olivié (pictured above, right), Investment Director at Corpfin until now, and Fernández (pictured above, left), a director of the Germany group Ten Brinke, have created Omo Retail, a manager that seeks real estate investments with returns of between 14% and 16%.
They launched their first fund, Omo Retail Invest, in March 2019, with a €30 million investment budget, and have already closed three operations amounting to €7.5 million in total, all located in Madrid.
Original story: Expansión (by Rocío Ruiz)
Translation/Summary: Carmel Drake