Arcano Spanish Value Added Real Estate Fund II (AVA II)
Arcano Spanish Value Added Real Estate Fund II (AVA II) Luxembourg SICAR focused on value added transactions mainly in Spain and opportunistically in Portugal. This vehicle invests in transactions requiring repositioning, rehabilitation, and development for both residential and commercial assets.
Arcano Spanish Value Added Real Estate Fund II (AVA II) is a vehicle launched in 2018 that invests through a Luxembourg SICAR. With a committed volume of over €128 million, it is focused on value added investments primarily located in Spain with a size of between €8 million and €30 million.
The objective is to build a diversified and high quality real estate portfolio that generates maximum value for our investors while minimizing risks.
Investment profile:
• Value added: acquisition of high quality real estate assets that need to be repositioned through active management, contract renegotiation, and reconfiguration prior to being leased and sold.
RESIDENCIAL
9.534m² y 223 plazas
Adquisición de un edificio residencial en el barrio de Río Rosas, entre las calles Castellana y Ponzano – En el momento de la compra, el activo contaba con proyecto y licencia de construcción otorgada
Rehabilitación integral para desarrollar una promoción de 50 viviendas de lujo con trastero, 223 plazas de aparcamiento y un local comercial
Venta unitaria de las unidades residenciales y el local comercial – Firma de un contrato de alquiler para el local comercial con carácter previo a la venta
Venta unitaria de las unidades residenciales y el local comercial
LOGISTIC
25.243 m²
Acquisition of a logistics warehouse which has been unoccupied since 2018 and has a built surface area of 24,949 m² and a plot area of 42,100 m² - Strategic location in the second logistics ring - It has excellent access to the A-42 and the R-4.
Refurbishment of the warehouse to bring it into compliance with regulations and the demands of logistics operators.
Tenant search and signing of long-term lease agreement for subsequent sale