The company’s investment activity in Spain has entered its third year and the rationale looks more compelling than ever.
Stoneweg’s residential development strategy within Spain is already leading 35 projects representing € 570 million total investment, and has successfully exited 5, at the end of December 2017. This year, Stoneweg will keep on expanding its portfolio of projects, starting with five selected pipeline opportunities, with due diligence exclusivity, totaling €72.2 million in acquisition price.
Our analysis show that present market conditions within Spain continue to present a unique buying opportunity in a growing economy and recovering real estate market. Attractive valuations are coupled with upside potential for residential in Madrid, Barcelona and second tier cities, and the momentum is picking up speed.
A more detailed analysis can be found here.