Photo of Miguel Ángel Capriles as shown on www.agartharealestate.com
Agartha Real Estate plans to list on Paris’ Euronext Access by July with assets under management of €28 million and a particular focus on development of co-working and co-living activities. The yet to be listed Spanish REIT currently operates in Spain with a pan-European vision and aspires to become a leader in this segment of the property market which is increasingly being seen as offering attractive returns with moderate risk.
The fund is led by Venezuelan businessman Miguel Ángel Capriles who has been Chairman of Inversiones Capriles since 1998 as well as board member of Mercantil Bank Holding Corp and Managing Partner of Spanish real estate developer Gran Roque.
The board includes Juan Portilla who was previously Chairman of Santander Real Estate and Emanuele Boni who was previously a Partner at Jargonnant Partners in Munich and worked as a lawyer with Simmons & Simmons in London.
Agartha has focused on Madrid for its first three acquisitions (Calle Piamonte, 23, Calle Serrano Anguita, 13 and Calle Javier Ferrero, 10) which will all be destined to co-working use.
Their Piamonte 23 property has a GLA of 2,250m² distributed across four floors and is located in Madrid’s Justicia district. The REIT also owns nº13 Calle Serrano Anguita which has 2,300m² distributed across three floors and is located in Madrid’s central Barceló area. Both are operated by Impact Hub which offers fixed and flexible desks and offices of different sizes and functionalities.
The latest co-working space the REIT plans to open is located on nº10 Calle Javier Ferrero in a 3.500m² property which is distributed across five floors in Madrid’s northern area of Chamartin.
También te puede interesar
The Spanish REIT, Persépolis Investments, will stop trading in the BME Growth
Millenium Acquires the Iberostar Las Letras Hotel for €70M
South African fund, Vukile, strengthens its position in Spain through Lar España
Arcano Value Added Real Estate II grows its Logistics portfolio in Madrid
British fund Patron Capital will operate a student co-living facility in Valencia