VARIA SPAIN


VARIA SPAIN

HIGHLIGHTS

  • 11 assets signed for a total investiment of 139 M EUR
  • 23% levered URR expected from current model
  • Construction started at project 22@
  • Sales started at Alicante Centro
  • Financing conditions improving rapidly

VARIA STRUCTURED OPPORTUNITIES

Legal Structure
Cayman Fund
Code ISIN € Compartment –
Code ISIN $ Compartment –
Advisor
Stoneweg S.A.
Target Size (Equity)
Equity > €70M
Local Partners > €30M
Spain Focus
Barcelona, Madrid and Mediterranean coast
Sector Focus
Residential Development (2/3) and (1/3) Opportunistic (office & retail)
Investment Focus
Madrid and Barcelona (2/3)
Expected Team
3 years
Expected Investment Period
1 year
Loan-to-Value
Max. 50% of the Aggregate Market Value of all Portfolio
Minimum Investment
125´000 € / $
Fee Structure
  • Asset Management
  • Transaction
  • Project
  • Management Carried Interest
  • 0.75% (equity)
  • 1%
  • 0.75% (GAV)
  • 20% with a hurdle of 12% and catch up
Target Net Return
15-25% IRR, > 1.5x – 1.8x Equity Multiple