Tag: real estate vehicle

Meridia Capital To Launch A Fund Specialising In Rental Housing

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

Meridia Capital Acquires Nestle’s Spanish HQ In Barcelona

17 March 2016 – Press release

Meridia Capital Partners, SGEIC, S.A., (“Meridia Capital”) announced today that it has successfully closed the acquisition of Nestlé’s Spanish headquarters, located in Barcelona (Esplugues de Llobregat). The facilities include 5 buildings with a total built area of c.49,000 sqm and 579 parking spaces.

The complex, strategically located at the entrance of Barcelona, comprises 2 office buildings. The largest one is Nestlé’s headquarters in Spain and the second one, which is currently vacant, will be partly occupied by the Swiss multinational as well as by third parties. The other three assets are a convention centre, a showroom and a building with different amenities such as a restaurant, cafeteria and a bank branch. The 5 buildings are currently leased to Nestlé. Meridia Capital will carry out a CapEx programme to further improve the facilities.

Original story: Press release

Edited by: Carmel Drake