Insights

The American manager Inmsa, led in Spain by Mariano Capellino, plans to invest 250 million euros until 2026 in the Spanish real estate market. The company has made initial investments worth 30 million euros in Madrid, Barcelona, Marbella and Valencia, focused mainly on residential assets and tertiary properties. Inmsa, which has been operating in real estate investment for more than two decades, has focused its investments in Spain on opportunistic opportunities, particularly after the pandemic, diversifying into segments such as retail, offices and logistics. The manager anticipates a recession that could generate investment opportunities and takes advantage of the decrease in prices in tertiary assets, with discounts of up to 50%.

The strategy includes acquiring assets at significant discounts and stabilizing them for eventual divestment before 2026. In recent weeks, Inmsa has closed the purchase of various assets in several Spanish cities for around 30 million euros and plans to allocate between 20 and 25 million more shopping before the end of the year. Mariano Capellino highlights the opportunities in logistics and offices to change their use, followed by 'retail'.

Real estate investment in Spain is expected to rebound by 2025, according to the manager's projections.

Source: Idealista News https://www.idealista.com/news/finanzas/inversion/2023/11/15/809239-la-americana-inmsa-inviertera-250-millones-en-oportunidades-inmobiliarias-en-espana