Above, view of the Albufereta hotel in the province of Alicante, an asset recently marketed by Hipoges through Domus RS.
- The operation, which was ”quite a challenge due to the uniqueness of the case”, has been carried out thanks to the joint work of the the joint work of Domus RS’s Capital Markets team of Domus RS and Hipoges –SAREB.
- It is one of the most complex assets in the province of Alicante since it is ”half-built”.
- For Domus RS, the sale of this asset belonging to SAREB was one of the priorities since the team started managing the perimeter.
Madrid, July 27, 2023
Hipoges, through its company specialized in the management, development and marketing of real estate projects and portfolios, Domus Residential Services has managed to sell an asset belonging to SAREB, the historic Albufereta Hotel in Alicante.
This is an asset of special uniqueness and complexity since, at the time, the construction works had to be stopped. Finally, and after a successful process, the iconic hotel has been sold to a company that will be in charge of completing the project.
The operation was carried out thanks to the Capital Markets team of Domus RS, an action led by the Domus RS team. Juan Miguel Alonso CarbonellAssociated director of Domus Residential Services, who has recently stated that ‘it is one of the most unique assets that exist in the province of Alicante”.. In addition, according to the manager, it is”also one of the most complex to manage”.
A success managed by the Capital Markets area of Domus RS
Although for the Capital Markets department of Domus RS the sale of this asset was one of the priorities since it started managing the perimeter, ”.… the physiognomy and complexity and complexity of the asset meant that marketing it would not be easy. would not be at all simple”, says Carbonell. says Carbonell.
However, the successful sale of the hotel is not only good news for the well-known beach in the city of Alicante, but, its forthcoming refurbishment and adaptation (to be carried out by the new owners), will become an obvious improvement for the other establishments and businesses in the Albufereta area.
Above, Juan Miguel Alonso Carbonell, Associated director of Domus RS and responsible for the successful transaction.
The company is having a ”sweet” year with more than 1.8 billion euros in residential business under management
The SAREB project is, according to the company’s Capital Markets team, a challenge for the performance of Hipoges, and therefore for Domus RS, which expects to close the year with a turnover of approximately 15 million euros in this area.
The reasons behind this type of action are, on the one hand, the extensive professional experience in asset management and, on the other hand, the extensive knowledge of the market. With respect to the latter, Juan Miguel Alonso Carbonell adds ”this allows us to have an effective vision, both in prime and decentralized areas.
The marketing company, in which Hipoges has a stake, currently provides the residential commercial sector with four main services: Residential, Asset Management, all processes related to Consulting and Research, and Capital Markets. In particular, the latter handles the sale and purchase of real estate, debt and financing, debt and equity solutions and, lastly, the so-called Sell side & Buy side.
Domus RS began 2023 by tripling its turnover, with more than 70 new developments underway and 1.3 billion euros under management thanks to its asset portfolio and volume of projects.
Today, with more than 90 real estate projects underway and accumulating more than 1.8 billion euros under management, the company plans to increase its size with an injection of an additional 1 billion euros in assets under management.
