Värde's Spanish housebuilder scores €300m CBRE IM investment

Global alternative investment firm Värde Partners and CBRE IM have reached an agreement for CBRE IM to invest €300 mln in Vía Célere, a leading Spanish homebuilder owned by Värde.

Via Celere project

This recapitalization values Vía Célere at almost €1 bn and allows CBRE IM to acquire a stake in the company.
Värde Partners, which has built Vía Célere into a market leader since 2017, will continue to be involved, and the new investment will support Vía Célere's ongoing development of its large portfolio of land across Spain.
In 2024, Vía Célere achieved a record number of home deliveries and possesses a substantial, high-quality land portfolio across Spain, enabling the construction of over 12,500 new residences in major urban centres like Madrid.
Anthony Iannazzo, partner at Värde and non-executive member of the board of Vía Célere, said: “This recapitalization by CBRE IM speaks to the strength of Vía Célere’s platform and its business plan. We are proud of what the company has achieved under Värde’s stewardship and the results we have been able to achieve for our investors. We believe Vía Célere is exceptionally well-positioned to continue delivering high-quality homes to an undersupplied market and that this will only be enhanced by CBRE IM’s commitment and expertise.”
Line Verroken, head of Living Investments, EMEA, CBRE IM Indirect Private Real Estate, said: “Vía Célere presents a compelling opportunity to access Spain’s residential sector through a best-in-class development platform supported by a deep land bank and strong forward business plan. The Spanish residential market demonstrates strong supply-demand dynamics, and we look forward to supporting Vía Célere’s growth and success in meeting the needs of this important market.”
Kilian Toms, managing director, Real Estate Secondaries at CBRE IM, added: “We believe this is a compelling opportunity to deliver long-term value for our investors through a well-capitalised, scalable business with a proven track record, and look forward to executing the next phase of growth.”
Evercore and Eastdil Secured acted as financial advisors to Värde, while CBRE advised CBRE IM on the deal. The transaction is anticipated to be finalized in September, pending standard closing procedures.
Värde was advised by Evercore and Eastdil Secured. CBRE IM was advised by CBRE. The transaction is expected to close in September, subject to customary closing conditions.