Tikehau Capital wants to invest through its value-add fund, so as to create added value in assets such as offices, hotels and the rental and co-living housing segments.
This is not the only fund available for the French company to carry out new operations in Iberia, it also has a capital core+ fund available with which it intends to acquire «offices and stabilised logistic units», revealed Emilio Velasco, director of Real Estate for Iberia at Tikehau Capital, to newspaper elEconomista.
Emilio Velasco explained that: «our minimum investment ticket should be around 40 million euro for core+ operations and 20 million euro for added value operations, while the average investment would clearly be above 100 million euro. We are also capable of carrying out larger operations by co-investing with our Limited Partners», he added.
«One of our main focuses is the hotel segment, which is where we are currently analysing more opportunities», says Carmen Alonso Tikehau Capital’s CEO for Iberia and the United Kingdom. Also, it is still «too early to see a generalised drop in prices» and recovery should be expected on the medium long-term.
Despite the intent to continue investing, Carmen Alonso confessed that the pandemic «led us to be more prudent when it comes to conceiving our business plans».
Last Update 28/10/2020 at 4:15 p.m
