Còrsega – Barcelona

Barcelona, Barcelona

Invernova co-invests in this operation

We contribute €33,976 (21.92% of total capital). Our success depends on yours.

Description

Còrsega is a buy-and-sell operation on a flat located on Còrsega street, in Barcelona's Eixample district, just three streets from the Sagrada Família. A prime location in one of the city's most sought-after and best-connected areas.

The home offers 100 m² of built surface, arranged as three double bedrooms, two bathrooms, open kitchen and living room. The building has passed its Technical Building Inspection (ITE) and has a lift; a full refurbishment of the home is planned.

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 ahead of resale.

Key data and projection

Property type

100 m² apartment — 3 bedrooms

Estimated property value

€350,000

Estimated total investment

€155,000

Estimated profit

+€195,000

Estimated exit value composition

Exit value€350,000
Investment recovered44%
Estimated profit56%
+126% on the investment

Estimated investment breakdown

Investment€155,000
Purchase price€123,225
Taxes and notary€16,275
Renovation / works€13,950
Other costs€1,550

Project updates

MAR162024
CompletedMarch 16, 2024

Operation completed

The operation has been completed successfully. Returns have been distributed to co-investors.

MAR252023
In operationMarch 25, 2023

Operation underway

The execution phase of the operation has begun. We will keep you informed of the most relevant milestones.

MAR242023
FundedMarch 24, 2023

Operation 100% funded

We have reached the funding target. The operation phase will begin shortly.

MAR182023
Round openMarch 18, 2023

Funding open

The operation is now open to co-investment. Reserve your participation before the round is filled.

MAR172023
LaunchMarch 17, 2023

New operation: Còrsega – Barcelona

We have identified a new real-estate co-investment opportunity. The funding phase will open soon to our co-investors.

12%

Estimated return

12 months

Estimated term

34.6%

LTV

Real-estate collateral

Guarantee

Capital committed100%
€155,000€155,000
Invernova co-invests €33,976
Invernova participates with 21.92%
Minimum participation€25,000
Completed

This operation has been completed.

Investments carry risk. Capital not guaranteed.