According to Spanish Real Estate, Aina II will be launched on 15 September, amounting to around 12% per annum and the life cycle will be seven years, which may be extended by two more years. It’ll not be invested more than 25% of the fund in a single country or city, despite the special interest in Barcelona and Madrid.
Aina II is the first of several funds that Aina expects to launch over the next year and a half, until March 2018. The aim is to secure investment of €300 million and to double the capacity through debt financing.