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Mif Capital Expands its RE Business with 3 New Projects in Barcelona

Posted by: In: Real Estate 17 May 2018 Comments: 0 Tags: , , , , , , , , , , ,
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14 May 2018 – Eje Prime

The property developer founded by Carles Maurí and Gregorio Ferrer Cervera will begin three new projects this year in the districts of Eixample and Sarrià. During its five year life, the real estate company has generated revenues of €20 million with developments completed exclusively in the Catalan capital.

Mif Capital will fulfil its annual objective in 2018: to start between two and three residential projects in Barcelona. The real estate company, founded in 2013 by Carles Maurí and Gregorio Ferrer, will start work on the renovation of a residential building in the Eixample district after the summer, and will also launch “two more projects at the end of the year”, both located in the Catalan capital, according to Maurí speaking to Eje Prime.

The executive, who has two decades of experience in major real estate companies, and his partner, together lead this property developer, which is finalising the handover of its latest project, in the heart of the Gràcia neighbourhood. The six renovated homes will be added to the two apartments that the company finished refurbishing recently on Avenida Diagonal. All of them are located in Barcelona because “we are based here, we like the city and we believe that it is a good location in which to develop real estate”, says the businessman.

Mif Capital’s new projects will adopt the same style as the five developments undertaken to date and will involve the renovation and sale of properties in prime locations. “In some cases, the homes are destined for rent and in others for sale”, explains Maurí, who has built up the company from nothing alongside Ferrer, and who says that “Between the two of us we take care of all the acquisitions and management of the assets” (…).

“We want to grow organically”

“We purchase buildings in which we would like to live”, responds Maurí to a question about what type of properties that most interest both him and his partner. In this sense, most of Mif Capital’s projects go up for sale, although the real estate company has also constructed some homes for rent. “Nevertheless, we are not interested in, nor do we own any tourist apartments”, says the businessman.

The founding partner of the real estate company knows the Barcelona real estate market well. He began his career in 1998 on the Diagonal Mar shopping centre project, when he was the Director of Business for Hines for five years. Subsequently, Maurí worked for Copcisa, the construction group owned by the Carbonell family, and then for Layetana Inmobiliaria, which built the iconic Torre Glòries, now owned by Merlin.

That experience led the co-founder of Mif Capital to Servihabitat, the servicer of La Caixa. After three years as the National Director of the bank’s real estate arm, during a time of deep recession in the sector, he decided to set up a new company with Ferrer (…).

The first asset that entered the property developer’s portfolio was a building located at number 42 Rambla Catalunya (…).

After two “very good” years, the objective of the real estate company for the next few years is “to continue with the same business plan”, with the aim of “continuing to grow organically”. With a clear focus on the city of Barcelona.

Original story: Eje Prime (by J. Izquierdo)

Translation: Carmel Drake

The post Mif Capital Expands its RE Business with 3 New Projects in Barcelona appeared first on Aura Real Estate Experts.

Source:: AURA Real Estate Experts

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