- Published on December 8th, 2016
Varia US Properties AG, a real estate company whose asset manager is Stoneweg, listed today its share on SIX Swiss Exchange following its initial public offering (“IPO”).
Domiciled in Zug, Switzerland, Varia US Properties invests exclusively investing in U.S. multifamily housing with a main focus on secondary and tertiary markets.
Overall, a total of 3,097,074 offered shares have been issued at the offer price of CHF 35. Assuming the over-allotment option of up to 464,562 shares will be exercised in full, the Company shall issue a total of 3,561,636 new registered shares, corresponding to an issuance and placement volume of CHF 124.7 million and implying a market capitalization for Varia US Properties of CHF 233.1 million.
- Published on October 31st, 2016
Spanish unemployment rate fell to the lowest since the last quarter of 2009 thanks to a surge in service jobs, the National Statistics Institute said on October 27th. It now stands at 18.9 percent, down from 20 percent in the second quarter, and beating estimates by 4 basis points. Among the Spanish Regions, Catalonia added the most jobs. Half of the assets managed by Stoneweg are located there.
Still the second-highest in the EU after Greece, Spain’s rate has been falling at a steady pace since its 2013 peak of 27 percent, on the back of a strong economic rebound.
- Published on October 26th, 2016
Varia US Properties, a real estate investment company whose asset manager is Stoneweg, has announced its Intention To Float (ITF) at the Swiss Stock Exchange (SIX) on October 25th.
A Zug-based company, Varia US Properties is active since 2015 and invests exclusively in U.S. multifamily housing with a main focus on secondary and tertiary markets in order to secure rental income and value growth. Varia US Properties’ portfolio was valued at USD 301 million by Colliers International as of June 30 and consisted of 39 properties with approximately 5’000 residential units located in 14 U.S. States.
Varia US Properties expects to list in the coming months, subject to market conditions. It plans to use the net proceeds mainly to fund additional real estate acquisitions in the targeted markets and regions in the U.S.
- Published on October 24th, 2016
Stoneweg made a much-noted participation in the 20th edition of FIRA Barcelona Meeting Point, a major real estate convention, from 19th to 23rd October.
Represented by its Spanish branch team, this was an opportunity for Stoneweg to gauge the market’s appetite for its project. With buyers lining in front of the stand and numerous sales closed on the spot, the event proved extremely encouraging.
In the past quarter, Stoneweg started pre-commercialization of half a dozen residential projects in Spain through its local branch.
- Published on October 18th, 2016
- Published on August 3rd, 2016
El Pais – CRISTINA DELGADO
El mercado de la vivienda sigue su recuperación y en junio el número de casas y pisos que cambiaron de manos tocó su máximo en más de tres años. Se registraron en total 36.856 compraventas, un 19,4% más que en el mismo mes del 2015, según el Instituto Nacional de Estadística (INE). El crecimiento en junio es algo inferior a las de abril y mayo (cuando se elevó el 30% y el 23%, respectivamente) pero supone el broche al mejor semestre desde 2010. Eso sí: no en todas las provincias la recuperación es tan potente, ya que las operaciones se concentran alrededor de cinco grandes núcleos urbanos.
Read the full article in .pdf here
- Published on June 9th, 2016
El Pais – SANDRA LÓPEZ LETÓN
En el mes de abril 35.199 casas cambiaron de manos, un 29% más que un año antes y la mayor cifra desde febrero de 2013.
El sector inmobiliario recupera el pulso. En España se venden este año más casas y, además, más caras. Los precios de la vivienda no registraban una subida comola del primer trimestre de 2016 desde el año 2007 y la compraventa supera ya labarrera de las 35.000 viviendas —algo que no sucedía desde 2013—, tras apuntarse un alza del 29%. Después de ochos largos años de reestructuración, el mercado inmobiliario no cesa de crecer, aunque está aún lejos de las cifras récord alcanzadas en los mejores años del boom.
Read the full article in pdf here: EL PAIS_09.06.16
- Published on June 1st, 2016
- Published on March 15th, 2016
- Published on March 8th, 2016