Güell i Ferrer – Badalona

Badalona, Barcelona

Invernova co-invests in this operation

We contribute €72,170 (20.6% of total capital). Our success depends on yours.

Description

Güell i Ferrer is an operation on a property located on Güell i Ferrer street, in Badalona, a city in the Barcelonès county just 10 km from the centre of Barcelona and with its own seafront.

The property is converted into a 191 m² townhouse over two floors, arranged as three bedrooms (two double, one single), two bathrooms, kitchen, dining room, balcony, terrace and a basement pantry. It is in good condition and a full refurbishment is planned.

The project finances the change of use from commercial premises to a dwelling and its refurbishment. Invernova handles the change of use, carries out the refurbishment and takes on the commercialization, marketing and home-staging costs, investing its own capital alongside the participants ahead of resale.

Key data and projection

Property type

191 m² townhouse (conversion to residential use)

Location

Badalona

Estimated property value

€490,000

Estimated total investment

€350,000

Estimated profit

+€140,000

Profit on the estimated investment

Exit value€490,000
Investment recovered100%
Estimated profit+40%
Estimated return for the co-investor: 15% (half the margin)

Estimated investment breakdown

Investment€350,000
Purchase price€300,000
Taxes and notary€30,000
Renovation / construction€20,000

Operation structure

Purchase, value-add and sale operation in Badalona (Barcelona): 191 m² townhouse (conversion to residential use). 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: 15 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 16 %. Past performance does not guarantee future results.

Project updates

JUL132024
CompletedJuly 13, 2024

Operation completed

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

APR212023
In operationApril 21, 2023

Operation underway

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

APR202023
FundedApril 20, 2023

Operation 100% funded

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

APR142023
Round openApril 14, 2023

Funding open

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

APR132023
LaunchApril 13, 2023

New operation: Güell i Ferrer – Badalona

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

16%

est. 15%

Real return

15 months

Estimated term

56.7%

LTV

Real-estate collateral

Guarantee

Capital committed100%
€350,000€350,000
Invernova co-invests €72,170
Invernova participates with 20.6%
Minimum participation€25,000
Completed

This operation has been completed.

Share

Investments carry risk. Capital not guaranteed.

Operations of the month

Get the operations of the month before anyone else

One email a month with the operations we open, the ones we close and our real figures. We'll send you this month's edition right now.