Nau Sant Lluís – Menorca
Sant Lluís (Menorca), Illes Balears
Invernova co-invests in this operation
We contribute €81,481 (29.6% of total capital). Our success depends on yours.
Description
Nau Sant Lluís is a buy-and-sell operation on a unit located in Sant Lluís, at the south-eastern tip of Menorca (Balearic Islands). The asset sits in the exclusive Sant Lluís estate, highly prized given the scarcity of units across the island.
The unit offers 914 m² of built surface on a 1,317 m² plot, on a single floor, with an office and parking for several vehicles. Although in good condition, the plan calls for a full refurbishment.
The project finances the acquisition of 100% of the property. Invernova takes on the refurbishment and the commercialization and marketing costs, plus the inherent expenses, investing its own capital alongside the participants ahead of resale.
Key data and projection
Property type
914 m² industrial warehouse (1,317 m² plot)
Estimated property value
€370,000
Estimated total investment
€275,000
Estimated profit
+€95,000
Profit on the estimated investment
Estimated investment breakdown
Operation structure
Purchase, value-add and sale operation in Sant Lluís (Menorca) (Illes Balears): 914 m² industrial warehouse (1,317 m² plot). 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. Actual term to settlement: 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.
- Demand risk: buyers of industrial warehouses are scarcer and the sale depends on the economic activity of the area.
- Island regulatory risk: Balearic licences and regulations can lengthen the works.
- Result: operation settled with an obtained return of 18.6 % in 9 months. Past performance does not guarantee future results.
Project updates
Operation completed
Operation Nau Sant Lluís – Menorca 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 Nau Sant Lluís – Menorca launched. Capital raised and underway.
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