Viladomat – Barcelona

Barcelona, Barcelona

Invernova co-invests in this operation

We contribute €72,720 (24.2% of total capital). Our success depends on yours.

Description

Viladomat is an operation on a penthouse located on Viladomat street, in L'Esquerra de l'Eixample in Barcelona, one of the city's most prized neighbourhoods, with art galleries, select retail and the grand architecture around Plaça d'Espanya.

The property offers 107 m² of built surface on a penthouse floor, arranged as three bedrooms (two double, one single), two bathrooms, kitchen, dining room and balcony. The building has passed its Technical Building Inspection (ITE) and has a lift; the home requires a full refurbishment.

The project finances the subdivision and refurbishment of the penthouse. Invernova handles the project filing with the city council, 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

107 m² penthouse — 3 bedrooms

Estimated property value

€600,000

Estimated total investment

€300,000

Estimated profit

+€300,000

Profit on the estimated investment

Exit value€600,000
Investment recovered100%
Estimated profit+100%
Estimated return for the co-investor: 11% (half the margin)

Estimated investment breakdown

Investment€300,000
Purchase price€241,500
Taxes and notary€30,000
Renovation / works€24,000
Other costs€4,500

Operation structure

Purchase, value-add and sale operation in Barcelona: 107 m² penthouse — 3 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: 6 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 11 %. Past performance does not guarantee future results.

Project updates

AUG292023
CompletedAugust 29, 2023

Operation completed

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

MAR072023
In operationMarch 7, 2023

Operation underway

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

MAR062023
FundedMarch 6, 2023

Operation 100% funded

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

FEB282023
Round openFebruary 28, 2023

Funding open

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

FEB272023
LaunchFebruary 27, 2023

New operation: Viladomat – Barcelona

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

11%

est. 11%

Real return

6 months

Estimated term

37.9%

LTV

Real-estate collateral

Guarantee

Capital committed100%
€300,000€300,000
Invernova co-invests €72,720
Invernova participates with 24.2%
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.