Yeldo Strengthens Its Presence in the Iberian Peninsula and Enters the Portuguese Real Estate Market

Yeldo strengthens its presence in the Iberian Peninsula real estate market with two new operations in the residential segment, respectively in Ibiza and Lisbon, aimed at professional investors and with investment tickets starting from 100,000 euros.

The Group has successfully supported a leading Italian developer, with over 70 years of consolidated experience in luxury projects in Europe, in the structuring and issuance of a 7 million euro bond loan (a senior secured bond with an institutional-level security package), aimed at constructing two luxury villas in Ibiza. The bond issuance, with a maturity of 21 months, foresees the payment of semi-annual coupons. The two assets are located along the southern coast of the island which has become a significant destination for residential real estate investments over time, thanks to its ability to attract tourist flows and its connections by land and sea with the rest of Europe. The completion of the construction works, which began in July of this year, is expected by the end of 2025.

In the second operation, marking the Group's entry into the Portuguese real estate market, Yeldo has supported a developer with a successful track record in the Iberian Peninsula, with 18 projects to their credit and an annual operations flow of 1 billion euros. In particular, the Group raised capital of 13.4 million euros (junior loan) for the acquisition of a real estate project involving the redevelopment of two office use assets and their subsequent conversion into high-end residential properties in one of the most exclusive neighborhoods of Lisbon, with a duration of 18 months. The construction works, already 80% complete, will finish by the end of 2024. The marketing, which will conclude at the beginning of 2025, has already led to the preliminary sale of 80% of the residential units, thanks to the quality of the project and location.

Lorenzo Belloni, Chief Investment Officer of Yeldo Group, states: "We are proud to affirm our strong position in the Iberian Peninsula with these two operations, the second largest European market attracting international buyers in the luxury residential sector after France. High-end homes are particularly sought after in the Balearics, where prices in January alone grew by more than 18% compared to the previous year. A similar trend is found in Portugal, where Lisbon is undoubtedly a significant attractive hub for investors and foreign buyers."

Antonio Borgonovo, CEO and Founder of Yeldo Group, comments: "For investors, luxury residential is an asset class that knows no setbacks and serves the function of offering returns linked to the growth in demand for high-end housing over time, especially in key international locations, whether in urban areas or tourist destinations."

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