He already has three properties in the center of the Turia capital and is looking for intermediaries to help him detect the available offer.
The Patron Capital fund, through its socimi Vandor, seeks to grow in Valencia where it plans to make an investment of between 30 and 40 million euros to purchase owned buildings. “Valencia is the third most populous city in Spain and is also currently in a period of economic growth, so it is an important target city for us,” says Xavier Robert, Vandor’s director of operations.
Patron is immersed in an expansion plan in Spain, specifically in cities such as Barcelona, Madrid, Bilbao and Valencia. This plan has 200 million euros to invest in residential buildings in vertical property, in any rental situation, during the next two years (2022 and 2023) of which they have already invested 50 million euros so far, explains the group in a statement.
Vandor already has three buildings in the center of Valencia, specifically in Rodríguez de Cepeda, Salamanca, and Nau streets, and they want to continue expanding buildings because “We have detected a mismatch between the demand and supply of temporary accommodation, which represents a huge opportunity “Robert points out.
To ensure this growth, Vandor is creating a network of intermediaries. Vandor ensures that it establishes a close collaborative relationship with its intermediaries.
“Intermediaries are key to continuing to grow in these cities since, through them, we get to know the offer of the different markets much more quickly and efficiently,” explains Xavier Robert.
