2020 will go down in history as one of the years with the fewest operations involving large commercial spaces in Spain’s real estate sector. However, during that atypical year, activity did not stop for one type of asset that has received little attention to date: out-of-town retail stores.
And that was also the case with Omo Retail. Founded in March 2019 by Juan Olivié, formerly the Director of Investments at Corpfin, and Javier Fernández, formerly the Head of the German group Ten Brinke in Spain, the real estate investment manager specialising in this type of commercial asset set itself the goal of investing 30 million euros in out-of-town stores, to generate internal rates of return (IRR) of between 14% and 16%. And by year end 2020, not only had it achieved that goal, it had completed more operations than initially planned.
Read the full article in Spanish.