Joan Crespí – Palma
Palma de Mallorca, Illes Balears
Invernova co-invests in this operation
We contribute €68,650 (27.5% of total capital). Our success depends on yours.
Description
Joan Crespí is a buy-and-sell operation on a flat located on Joan Crespí street, in one of the best neighbourhoods of Palma, capital of Mallorca (Balearic Islands), a city with very strong residential and tourist demand.
The home offers 125 m² of built surface on a first floor, arranged as four bedrooms (three double, one single), two bathrooms, kitchen, dining room and balcony. The property is in good condition and barely needs refurbishment.
The project finances the acquisition of 100% of the property. Invernova takes on the preparation 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
125 m² apartment — 4 bedrooms
Estimated property value
€340,000
Estimated total investment
€250,000
Estimated profit
+€90,000
Profit on the estimated investment
Estimated investment breakdown
Operation structure
Purchase, value-add and sale operation in Palma de Mallorca (Illes Balears): 125 m² apartment — 4 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: 9 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.
- Island regulatory risk: Balearic licences and regulations can lengthen the works.
- Result: operation settled with an obtained return of 16 %. Past performance does not guarantee future results.
Project updates
Operation completed
The operation has been completed successfully. Returns have been distributed to co-investors.
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: Joan Crespí – Palma
We have identified a new real-estate co-investment opportunity. The funding phase will open soon to our co-investors.
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