The mandate covers five office buildings in Madrid and the Barnasud shopping centre (Gavà), with the aim of creating value in each asset and executing their disposal.
Madrid, 11 December 2024
Capture Real Estate, an independent investment and asset management firm based in Madrid, has signed a strategic asset management and sale advisory mandate with Meridia Real Estate III SOCIMI and Meridia RE IV SOCIMI, vehicles managed by Meridia Capital, for a portfolio valued at around €105m.
The portfolio comprises six assets with clear value-creation potential:
| Asset | Location | Use |
|---|---|---|
| Barnasud | Gavà (Barcelona) | Shopping centre |
| Plaza Cronos 1 | MadBit, Madrid | Offices |
| Julián Camarillo 4 | Madrid | Offices |
| Julián Camarillo 22 | Madrid | Offices and industrial |
| Julián Camarillo 29 (Citiparc E1 and E2) | Madrid | Offices |
| Virgilio 2 | Pozuelo de Alarcón | Offices |
Capture takes on the full management of the portfolio: oversight of the property managers, tenant negotiations, leasing of vacant space and monitoring of capex projects. It will also propose value-creation measures asset by asset, such as refurbishments, changes of use or lease restructuring.
The mandate includes designing a tailored exit strategy for each asset. Capture will coordinate the sale processes, investor prospecting and due diligence preparation, working closely with the Meridia Capital team.
“This mandate reflects an institutional investor's confidence in the way we work: managing each asset as if it were our own, creating value through efficient investment and planning the exit from day one. Our goal is to maximise the value of the portfolio for Meridia Capital and execute its disposal within the planned timeframe,” says Alberto González, Managing Partner of Capture Real Estate.
About Capture Real Estate
Capture Real Estate is an independent investment and asset management firm that creates, drives and manages opportunities in the Iberian real estate market. It works with family offices, institutional investors and high-net-worth individuals through bespoke mandates, focusing on strategic asset management for investors without their own management platform. Capture is regulated by RICS.
About Meridia Capital
Meridia Capital is an independent investment manager based in Barcelona, specialising in real estate. Meridia Real Estate III SOCIMI is listed on BME Growth and Meridia RE IV SOCIMI on Euronext.