«Our investments in Spain can grow even faster», mentioned Jochen Schenk, Real I.S’s CEO in an interview to newspaper Cinco Días. The German company’s goal is to reach an investment pace of 350 million euro per year.
This plan is already being carried out, since Real I.S. currently has its sights on 4 investment opportunities in Madrid and Barcelona. Real I.S. is looking for office buildings located in Spanish consolidated regions, with prices below 80 million euro.
This interest in BayernLB’s subsidiary comes at a time when «results within the banking sector are stabilized» and the «economic situation [within the country] is better than it was five years ago», explained Jochen Schenk, further highlighting that the country’s legal security right now is «excellent». All these reasons led the German company’s CEO to conclude that «Spain is an ideal location to invest».
The company started operating in Spain in 2017 and it currently has a portfolio estimated at 150 million euro. This portfolio includes the Terrassa Plaça shopping centre (Barcelona), one of its first acquisitions in Spain, numbers 30 and 32 at Calle Alcalá, in Madrid, which it acquired in 2018 and its latest acquisition, building Diagonal 67 located in Barcelona.
