Sant Joan Despí

Sant Joan Despí, Barcelona

Invernova co-invests in this operation

We contribute €33,240 (22.2% of total capital). Our success depends on yours.

Description

Sant Joan Despí is a buy-and-sell operation on a flat in this Baix Llobregat municipality (Barcelona), very close to the capital and well connected to its metropolitan area, known for Jujol's modernist architecture.

The home offers 59 m² of built surface, arranged as two double bedrooms, a bathroom, open kitchen, living room and terrace. The building has passed its Technical Building Inspection (ITE); 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

59 m² apartment — 2 bedrooms with terrace

Estimated property value

€210,000

Estimated total investment

€150,000

Estimated profit

+€60,000

Profit on the estimated investment

Exit value€210,000
Investment recovered100%
Estimated profit+40%
Estimated return for the co-investor: 16% (half the margin)

Estimated investment breakdown

Investment€150,000
Purchase price€118,500
Taxes and notary€14,250
Renovation / works€15,000
Other costs€2,250

Operation structure

Purchase, value-add and sale operation in Sant Joan Despí (Barcelona): 59 m² apartment — 2 bedrooms with terrace. 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: 14 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 15 %. Past performance does not guarantee future results.

Project updates

JAN142025
CompletedJanuary 14, 2025

Operation completed

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

NOV232023
In operationNovember 23, 2023

Operation underway

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

NOV222023
FundedNovember 22, 2023

Operation 100% funded

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

NOV162023
Round openNovember 16, 2023

Funding open

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

NOV152023
LaunchNovember 15, 2023

New operation: Sant Joan Despí

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

15%

est. 16%

Real return

14 months

Estimated term

55.6%

LTV

Real-estate collateral

Guarantee

Capital committed100%
€150,000€150,000
Invernova co-invests €33,240
Invernova participates with 22.2%
Minimum participation€25,000
Completed

This operation has been completed.

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Investments carry risk. Capital not guaranteed.

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