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HomeLatest NewsSolventis promotes a new fund to build 12,000 homes by 2033

Solventis promotes a new fund to build 12,000 homes by 2033

Date: June 19, 2024 Time: 20:56:11

Solventis launches Fondviso, an investment fund with which it plans to raise up to 650 million euros to build 12,000 rental homes in ten years. With this fund, which has been approved by the National Securities Market Commission (CNMV), the firm hopes to accelerate the creation of a public pool of affordable and sustainable rental housing in Spain.

Fondviso was born as a closed-type collective investment fund in affordable social housing infrastructure with the aim of building 12,000 rental homes in a decade, aimed at 30% of the Spanish population, households with an average minimum income between 28,000 and 45,000 euros, as stated.

At the current time, 35% of families who live in rent allocate more than 40% of their net income, and the objective that Solventis has set is that they can allocate a maximum of 30%. According to the company, with this model the administration does not make any investment, but rather manages the rental of the homes for a period of no less than 30 years in exchange for a fixed annual fee as payment for availability to investment vehicle No.

In this sense, the administration assumes the costs and risks of management with the tenants (late payments, possible vacancy, etc.) and after that period the infrastructure becomes public property.

Solventis assures that investors will obtain an annual net return of more than 7%, assuming the risk of building the properties, and points out that with this model incredible homes will be generated throughout the country thanks to a flexible system, since each local administration, By managing infrastructure, you will be able to adapt local housing policies to the changing needs of that population.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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