Investing in MESPIL now is an opportunity to be a part of our growth across Europe as we move from Portuguese property development to a pan-European regulated property fund.
We began our current investment journey in 2016 focusing on creative real estate, development and management opportunities in Europe, with initial focus on Portugal’s market. We are now seeking to attract further investment to bring our vision to fruition.
MESPIL has created the fund to invest in projects that utilise the team’s deep knowledge of the property sector to source projects at a discount on current market values. The projects offer multiple exit strategies with an exit strategy within 30-60 months, producing yields of >20% IRR.
MESPIL has developed a project pipeline with a Gross Development Value (GDV) of €1 billion. The fund will maximise total return through investments in pan-European residential and commercial property, seeking to add value through strategic asset acquisition, development, sales and management, providing investors with unique exposure to a full-service property fund.
Our first phase, the successful development of an acquired project in the Algarve (Pine Hills Vilamoura) has been completed, producing >40% IRR, providing ample proof of concept.
Our second phase of a capital raise of 50M has also been successful, bringing us close to our goal of becoming a fully-regulated fund by the end of 2019.
Current projections predict phase three’s fundraising target of €250M and phase four’s of €500M, will be reached in 2021 and 2023 respectively.