The firm has announced a strategy for institutional investors to invest in the Spanish residential property market. It focuses on the construction of residential housing complexes and the conversion of existing properties to residential real estate in the metropolitan regions of Madrid and Barcelona.
The investment strategy is targeting a total return of 155% to 175% after local taxes and costs by the end of its investment term in 2019.
The firm is focusing on projects in late phases of their development, usually after acquisition of the building sites and the necessary approvals have been completed.
“The increased investment by domestic and international institutional investors as well as increasing prices for newly-built apartments is a vindication of our move into the Spanish property market three years ago,” says Roman Rosslenbroich, chief executive officer and co-founder of the Aquila Group.
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