Over $55 billion invested since firm's inception.
Värde-Controlled Dospuntos Acquires Vía Célere for €90 Million
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Juan Antonio Gómez Pintado to be chairman and managing director of combined company. The acquisition enables continued growth through operational excellence and the integration of development and construction activities. Värde remains majority shareholder
MADRID – Dospuntos and Vía Célere today announced an agreement for Dospuntos, the real estate development company, to acquire Vía Célere, a Spanish development and construction company for 90 million euro.
The transaction unites two strong homebuilders in Spain and positions the resulting group on an accelerated growth path. The new company will focus on providing integrated services in this sector as well as strengthening its industrialization and energy efficiency processes -- areas in which Vía Célere has an extensive track record as a pioneer. The combined company will operate under the trade name of Vía Célere and own a land portfolio of over 1,000,000 square meters.
With a focus on increasing its presence in the Madrid and Barcelona markets, Vía Célere, which is owned by Juan Antonio Gómez Pintado, will integrate all its land portfolio, real estate development activities and new construction currently under way in Spain with Dospuntos. Dospuntos portfolio includes land that will position the new combined company for continued development well into the future.
Currently the President of both Asprima (Madrid developers association) and APCE (Spain's national association of developers), Mr. Gómez Pintado will become both chairman of the board of directors and managing director of the combined company, taking over from Javier Eguidazu in this position, who will continue to work with Värde Partners in an advisory capacity.
Tim Mooney, Global Co-Head of Real Estate for Värde Partners commented, "Since leading the restructuring of Grupo San Jose, we have made significant strides in streamlining Dospuntos real estate business and positioning it for growth in the recovering Spanish residential market. Today's acquisition is consistent with and further accelerated that growth. Juan Antonio and his team have a first class track record in delivering over 12,000 high quality homes in the Spanish market both through Agofer and most recently Via Célere. We are excited that with his operational excellence and deep sector experience Juan Antonio will lead the company going forward.”
Tim Mooney added, “We thank Javier for leading and positioning the company through this transaction. He has done a fantastic job over the past 24 months first in advising on our acquisition and later restructuring the business and strengthening the Dospuntos portfolio of land. Without his efforts, today's acquisition of Via Célere would not have been possible."
Vía Célere was advised by from IREA and Uría. Dospuntos was advised by Deloitte and Garrigues.
In 2011 the Vía Célere Foundation was created in order to foster innovation in buildability under the standards of sustainability and energy efficiency. Today, all developments undertaken by the company boast the highest energy rating (A). In 2015, the group launched Conspace, a company specialized in industrialized construction, with the objective of innovating in methodologies and technologies that provide competitive advantages in the final quality of the dwellings and savings in construction times.