Vivenio, Millenium & Atom Invested €543M in New Purchases in 2019

9 January 2020 – Eje Prime

Vivenio and the hotel Socimis drove the MAB in 2019. The Socimi controlled by Renta Corporación, plus Millenium Hoteles and Atom Hoteles together invested €543 million in new acquisitions during 2019. That figure accounted for 71.2% of all the funds spent on asset purchases by the MAB’s Socimis during the year.

Specifically, Vivenio invested €234 million, including €75.5 million on some of the Operación Calderón plots; Millenium closed 3 operations amounting to €192.4 million, including the purchase of 2 buildings in central Madrid which it is going to convert into a 5-star hotel; and Atom Hoteles spent €116.6 million on 5 hotels in Madrid, A Coruña, Cádiz, Tenerife and Gran Canaria.

In total, all of the Socimis on the MAB spent €762.1 million on the purchase of assets during 2019, up by 34.1% compared to 2018.

Original story: Eje Prime (by Marc Vidal Ordeig)

Translation/Summary: Carmel Drake

Vivenio Acquires the Edificio Consulado in Central Madrid

11 December 2019 – Vivenio, the socimi controlled by the Dutch giant APG and the Catalan real estate firm Renta Corporación, have acquired the historic building located at Calle Atocha 38, in central Madrid.

The property was the home of the Consulate cinema and the club of the same name for many years and is a part of the city’s history. The Edificio Consulado has 47 rental flats, each with allocated storerooms and parking. Vivenio is thought to have paid roughly 24 million euros for the asset.

Original Story: El Confidencial – Ruth Ugalde

Adaptation/Translation: Richard D. K. Turner

Renta Corporación Acquires the Campana Office Building in Barcelona for €22 Million

11 November 2019 – Renta Corporación has acquired the La Campana building, the headquarters of Barcelona’s General Traffic Directorate (DGT) and Commercial Registry for 22 million euros. The firm bought the asset from the Mas Ferrer, Toyos and Ferrero families.

The office building is located on Gran Via de les Corts Catalanes in Sants-Montjuïc next to the Ciutat de la Justícia, the Plaça Europa and the BCN Fira complex.

The 11-floor building has ​​more than 8,000 m2 of surface area.

Original Story: Idealista – Custodio Pareja

Adaptation/Translation: Richard D. K. Turner

Vivenio to Issue New Shares Worth €149.9 Million

14 October 2019 Vivenio, the Spanish socimi controlled by the Renta Corporación and the Dutch fund APG, has launched a €149.9-million capital increase. The socimi will issue 127.1 million new shares with a value of one nominal euro each and an issue premium of 1.18 euros per share. Should investors fully subscribe the capital increase, the company’s total share capital would rose to €564.6 million.

Original Story: Eje Prime

Adaptation/Translation: Richard D. K. Turner

Atlético de Madrid Sells Last Plot of Land by Former Stadium

5 August 2019

Atlético de Madrid has finalised the sale of the last of the three plots of land it owned by its former stadium in the Mahou-Calderón area of Madrid. The football club chose to sell the land to Vivenio for approximately 75 million euros.

The 6,544-m2 plot of land, denominated RC4, has a residential building area of 27,000 square meters. Vivenio, a socimi controlled by the Dutch fund APG and Renta Corporación, intends to develop rental housing on the property.

Original Story: Expansión – Rocío Ruiz

Adaptation/Translation: Richard D. K. Turner

Vivenio Socimi Set to Acquire Plot of Land from Atlético Madrid

1 July 2019 – Richard D. K. Turner

Vivenio seems to have beat out Stoneweg at the last moment in the race to acquire a plot of land on sale by Atlético Madrid. For weeks, Azora has been known as the likely buyer for two other plots of land, with a total of 40,5000 m2. The plots, known as RC7 and RC8, have views of the Manzanares River.

A third plot of land, RC4, was still up for grabs and the developer Stonweg was leading the race to acquire the land. Vivenio, a socimi owned by APG and the Renta Corporación increased their offer at the last moment. Atlético expects to make a final decision this week, with closing expected shortly thereafter.

The sale of the three plots of land is expected to bring in roughly 180 million euros to Atlético’s coffers. Vivenio is likely to develop residential housing for rent on its parcel, which has a total buildable surface area of 28,481 square meters.

Original Story: El Confidencial – Ruth Ugalde

Vivenio Invests €90M in the Purchase of 2 Buildings in Madrid

10 June 2019 – Eje Prime

Vivenio has purchased two buildings in Madrid from a Madrilenian family office for more than €90 million.

The Socimi owned by the Dutch fund APG and Renta Corporación has acquired one building located on Avenida San Luis, comprising 140 homes and 18 premises and another on Calle Hermosilla, with 80 homes and two premises.

Together, the two properties span a surface area of more than 21,500 m2.

Original story: Eje Prime

Translation/Summary: Eje Prime

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

Renta’s Revenues Soared by 102% to €92.4M in 2018

1 March 2019 – Expansión

Renta Corporación closed 2018 with revenues of €92.4 million, up by 102% compared to a year earlier and a net profit of €16.6 million, up by 33% (…).

The real estate company’s business portfolio amounted to €133.9 million at the end of 2018, plus the assets managed for sale in conjunction with real estate funds for an estimated investment of €35 million.

Dividends

Last October, the Board of Directors agreed the distribution of a dividend amounting to €1.1 million to be charged against the income statement for 2018. At the next General Shareholders’ Meeting, which is going to be held on 11 April, the company is expected to approve the distribution of €1.9 million as a complementary dividend.

In terms of Vivenio, the Socimi that Renta Corporación launched in the middle of 2017 together with the Dutch pension fund APG, it closed 2018 with 18 residential properties in its portfolio containing 2,000 homes under management, which have a gross value of €524 million (…).

Original story: Expansión (by M. Anglés)

Translation: Carmel Drake

Founder of Pachá Acquires 3% of Renta Corporación’s Share Capital

17 December 2018 – Eje Prime

Renta Corporación has opened up its share capital to a new investor. The businessman Ricardo Urgell (pictured below), founder of the Pachá Group, has acquired 3% of the company through his family office. Specifically, Urgell has entered the share capital of the real estate company after making several purchases in the market and after acquiring a package of shares that had been held by the President of Renta, Luis Hernández de Cabanyes, until now.

Meanwhile, Cabanyes will continue to hold 21.53% of the shares of Renta Corporación, making him the largest shareholder. This latest operation follows other similar deals through which Cabanyes has wanted to facilitate access to the share capital of the real estate company to several investor groups. Now, following the acquisition by Urgell, the President “considers this stage closed and is not proposing any more shareholder movements”, the company said in a statement.

Renta Corporación closed the third quarter with a profit of €11.7 million and is planning to achieve €16 million in 2018 as a whole. The company has acquired more than 2,000 homes over the last 18 months, with a cumulative investment of €450 million. In parallel, the evolution of Vivenio, the Socimi created together with the Dutch pension fund APG, has consolidated its position as a source of recurrent income for the group.

Original story: Eje Prime

Translation: Carmel Drake