Post by account_disabled on Mar 16, 2024 0:51:37 GMT -5
Ktesios , the last SOCIMI to join BME Growth with an initial value of 20.4 million euros and which took off last week , has closed the purchase from Vivenio and Bankinter of more than 90 assets in Madrid and Murcia around of 2 million euros.
The first operation, the purchase of 85 assets in the Madrid municipality of Campo Real for 1.85 million euros, represents its first acquisition in the Community of Madrid , which allows it to continue with its geographic diversification strategy. The assets, 27 of which are homes, are located on Jarales Street 6 with the corner of Moral Street number 45 and Santa Zoa 28 in Campo Real.
With this acquisition, its total portfolio now has Phone Lead more than 700 assets, of which 403 are homes, with an estimated value close to 39.6 million euros and exceeding their purchase value by 130%.
On the other hand, it has also closed the acquisition from Bankinter of 8 assets, 2 of which are homes, at number 7 Paseo Florencia in the city of Murcia, for a total of 175,000 euros.
"The affordable residential rental market in locations outside large cities with a favorable microeconomy presents growing demand and great investment opportunities, thanks to the combination of high profitability, low risk and social impact," declared the CEO of the socimi, Henry Gallego.
The goal of Ktesios
The objective proposed by this investment vehicle led by Henry Gallego is to reach a portfolio of 6,000 assets by 2026 , both through organic and inorganic growth, which is why it continues to analyze the market in search of opportunities.
This SOCIMI was born with a social vocation and recurring returns that invest in non-prime areas with affordable rents . "Our average rents are usually between 300 and 450 euros," says Gallego. Ktesios' business model consists of investing, at attractive prices (with a discount on the market price), in finished residential assets (without developer risk) for long-term rental, located in 'non-prime' locations in Spain with a favorable economic environment. "The average price of the houses we buy is usually between 45,000 and 50,000 euros. There are very few times that the assets need some capex (investment for the rehabilitation of the home), although in some cases they do," says the CEO of the SOCIMI.
Gallego defends the model that Ktesios is betting on and states that "we have created a totally different segment within the real estate sector: the forgotten, not emptied, Spain. A Spain that all of us and especially institutional investors have forgotten about."
The first operation, the purchase of 85 assets in the Madrid municipality of Campo Real for 1.85 million euros, represents its first acquisition in the Community of Madrid , which allows it to continue with its geographic diversification strategy. The assets, 27 of which are homes, are located on Jarales Street 6 with the corner of Moral Street number 45 and Santa Zoa 28 in Campo Real.
With this acquisition, its total portfolio now has Phone Lead more than 700 assets, of which 403 are homes, with an estimated value close to 39.6 million euros and exceeding their purchase value by 130%.
On the other hand, it has also closed the acquisition from Bankinter of 8 assets, 2 of which are homes, at number 7 Paseo Florencia in the city of Murcia, for a total of 175,000 euros.
"The affordable residential rental market in locations outside large cities with a favorable microeconomy presents growing demand and great investment opportunities, thanks to the combination of high profitability, low risk and social impact," declared the CEO of the socimi, Henry Gallego.
The goal of Ktesios
The objective proposed by this investment vehicle led by Henry Gallego is to reach a portfolio of 6,000 assets by 2026 , both through organic and inorganic growth, which is why it continues to analyze the market in search of opportunities.
This SOCIMI was born with a social vocation and recurring returns that invest in non-prime areas with affordable rents . "Our average rents are usually between 300 and 450 euros," says Gallego. Ktesios' business model consists of investing, at attractive prices (with a discount on the market price), in finished residential assets (without developer risk) for long-term rental, located in 'non-prime' locations in Spain with a favorable economic environment. "The average price of the houses we buy is usually between 45,000 and 50,000 euros. There are very few times that the assets need some capex (investment for the rehabilitation of the home), although in some cases they do," says the CEO of the SOCIMI.
Gallego defends the model that Ktesios is betting on and states that "we have created a totally different segment within the real estate sector: the forgotten, not emptied, Spain. A Spain that all of us and especially institutional investors have forgotten about."