The European Investment Bank (BEI) signed a contract with the infrastructure of Buenavista and Arcano Partners two agreements on the direction of 410 million euros to new projects for the development of urban development, including affordable housing and sustainable tourism.
Specifically, Bei appointed Arcano Partners 210 million euros that the manager will direct through the “Spanish city development of SICC”, while the appointment of Buenavist’s infrastructure amounted to 200 million The euro that will be directed through the Nextgen Urbano Sicc Buenavist. Both are regulated vehicles and are represented specifically for this action.
Agreements are concluded thanks to the contribution of the Autonomous Stability Fund (FRA), included in the plan of restoration, transformation and sustainability of Spain and funded NEXTGENERATION EU.
More specifically, for implementation New tool controlled by Bei Send funding, Through financial intermediariesand support for urban development and sustainable tourism.
Intermediaries selected by Bei Will evaluate investment capabilities throughout the national territory To promote urban development in areas such as affordable housing, education, healthcare, social and cultural infrastructure, sustainable mobility, waste management and waters, energy efficiency and sustainable tourism.
The investment period is extended until December 2030. Both Arcano Partners and Buenavista Infrastructure were the first two intermediaries selected to deploy these funds. The forms of investment that they contemplate are both participation in the capital (capital) of companies, and in combination and both.
Maximum amount 22 million euros per project And the maximum issue of investment at 15 years for capital investments and 20 years for debt.
“We are very proud that we are again sure of the European Investment Bank to direct this Financing is so necessary that it helps to call the infrastructure frame of our country, Particular attention on small and medium-sized companies, ”said the real estate sector in the ARCANO Partners asset management, Eduardo Fernandez Coeste.
For his part, the director of the infrastructure of Buenavist Viktorino Lopez-Pinto confirmed that with this new task the company becomes “one of the first European managers with the highest volume of European funds under management”.
