Carmen – Girona
Girona, Girona
Invernova co-invests in this operation
We contribute €28,152 (22.4% of total capital). Our success depends on yours.
Description
Carme is a buy-and-sell operation on a flat in the centre of Girona, a city crossed by the Ter and Onyar rivers and capital of the Gironès county. Its historic quarter and lively character make it a market with solid residential demand.
The flat offers 89 m² of built surface on a third floor, arranged as three bedrooms (two double, one single), a bathroom, kitchen, dining room and balcony. The building has passed its Technical Building Inspection (ITE), has a lift and its entrance hall was recently refurbished; the home is set for a full refurbishment.
The project finances the acquisition of 100% of the property. Invernova takes on the refurbishment and the commercialization, marketing and home-staging costs, plus the inherent expenses, investing its own capital alongside the participants for the value-add and sale.
Key data and projection
Property type
89 m² apartment — 3 bedrooms
Estimated property value
€160,000
Estimated total investment
€125,700
Estimated profit
+€34,300
Profit on the estimated investment
Estimated investment breakdown
Operation structure
Purchase, value-add and sale operation in Girona: 89 m² apartment — 3 bedrooms. INVERNOVA TRADE S.L. bought the property and co-invested its own capital in the operation alongside the co-investors. The co-investors took part through a private contract with INVERNOVA TRADE S.L., with the property itself as collateral. Success-based return: the actual profit from the sale, after purchase, refurbishment, taxes and costs, was shared between the co-investors and Invernova as agreed in the contract. Target term at entry: 21 months. Actual term to settlement: 16 months.
Key risks
- Sale price risk: the return depended on the final price; a sale below forecast reduces the profit and can affect the capital.
- Timing risk: the sale could take longer than planned, delaying the repayment of capital and the return.
- Works risk: cost overruns or surprises in the refurbishment (installations, hidden damage) that reduce the margin.
- Result: operation settled with an obtained return of 18.8 % in 16 months. Past performance does not guarantee future results.
Project updates
Operation completed
Operation Carmen – Girona successfully completed: capital returned to co-investors with a 20% return.
Operation underway
The execution phase of the operation has begun. We will keep you informed of the most relevant milestones.
Operation 100% funded
We have reached the funding target. The operation phase will begin shortly.
Funding open
The operation is now open to co-investment. Reserve your participation before the round is filled.
New operation
Operation Carmen – Girona launched. Capital raised and underway.
