GPF Capital leads EUR30m-plus investment in premium Madrid real estate development
GPF Capital, a Spanish private equity and real estate fund manager, has led an investment of more than EUR30 million to build a development of 30 premium homes in Valdemarín, one of Madrid’s most exclusive neighbourhoods.
GPF Capital has emerged as the main shareholder in two plots of land of c20,000 sq m in Valdemarín, a neighbourhood located in the West of the Spanish capital. A&G Banca Privada and CHQ Corp are also shareholders in the Project. The latter will also act as a developer.
The Valdenebro development has recently obtained a license to build 30 premium single-family homes with gardens and swimming pools. It is expected that the homes will be delivered by the spring of 2022. The prestigious architecture studio Ábaton has been selected to design these homes - all with the possibility of customisation - on plots of more than 500 sq m each, inside a closed urbanisation with private access and strong safety measures.
The investment follows GPF Capital’s recent acquisition of the Axis building from CBRE Global Investors in January. The building was designed by architect Norman Foster and is located in Paseo de la Castellana, a major street in Madrid that cuts across the city from South to North.
GPF Capital, which was founded in 2015 with the launch of a EUR100 million private equity fund, currently has EUR700 million in assets under management and access to different sources of capital that allow the firm to diversify its strategies, maximising the risk/return ratio. As part of the evolution and development of the firm, GPF Capital is currently diversifying its portfolio by investing and managing real estate assets.
The real estate area of the firm currently manages capital from private investors with a low risk, long term profile – such as the investment in Axis - as well as capital looking for projects with a higher risk/return ratio after reaching a final close for its GPF Capital III Partnership Real Estate Fund. This investment capacity is allowing the firm to grow quickly in the real estate market, being able to access different types of transactions ranging from the purchase of mature assets to real estate development.
With the aim of reinforcing its experience and vision in the real estate sector, GPF has appointed Delia Izquierdo as Managing Director of GPF Capital Real Estate. With more than 20 years of experience in Real Estate, Delia has worked in companies such as CBRE Global Investors, ING Real Estate Investment Management or Arthur Andersen and is the person who has led the Axis project since inception. During her career in the real estate sector, she has raised capital, designed strategies tailored to investors, built portfolios and managed and obtained high returns in various sectors such as offices, commercial, logistics and residential.