The Spanish startup Reental, dedicated to the tokenisation of real estate, has sold La Marina Building, the largest tokenised project in Spain, located in the port of Valencia. The company had acquired 1,300 square metres, spread over five floors for offices, which it has decided to sell, thus obtaining an annualised capital gain of up to 50%, which it has passed on to its investors along with the return of their investments.
In this way, the company closes the operation of La Marina Building, which is so far the largest tokenised project in Spain, worth 3.2 million euros. Reental points out that the sale of these five plants is what has allowed the return to investors of the capital invested, plus capital gains, which can be up to 15% net in a few months.
The company had forecast an annualised return of 11.05% for the investor, "which has been far exceeded with this early closure of the project", the company points out. The company also explains that the area of La Marina has emerged in recent years as one of the most sought-after areas in the office market in Valencia due to its connections with the rest of the city and its views of the Mediterranean coast.
But Reental also stresses that "this area has positioned itself as an important innovation ecosystem at a national level, where firms such as Insomnia or Lanzadera, or the EDEM business school, are already established.