This strategic collaboration is part of the fund's commitment to the alternative financing model, in which it has already invested 50 million euros in Spain.
Ayco and Stoneweg have decided to collaborate together in their growth strategy in Spain. The real estate and fund will join forces with an alternative financing line of thirteen million with which they will make acquisitions of residential assets in the country.
This strategic collaboration is known the same week in which the Swiss investment platform has reported that it has already reached 50 million investment in alternative financing, a business model in the sector in which it will continue to bet, since it expects to exceed the one hundred million in this heading in 2018.
Both companies trust "in the context of strong recovery of the real estate sector in the country," they report in a joint statement.
From Ayco, its president and CEO, Francisco García Beato, says that "this step is key for the company to incorporate the capabilities of a reference partner in its sector and to look for opportunities that can offer added value."
Real estate developer is immersed in a business plan that contemplates the investment of 200 million until 2022 in the purchase of residential land.One of the locations in which more land is being acquired by Ayco is the Costa del Sol. A few weeks ago, the company disbursed 6.3 million euros for the purchase of five plots of land on which it will build 144 homes.
Translated from Spanish into English. Read original article here