DoveVivo invests in the ALTIDO group creating the largest living operating company in Europe
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We announce the conclusion of a new strategic investment of €50 million from controlled affiliates of Starwood Capital Group - a global private investment firm focused on real estate and energy investments with more than USD$110 billion of assets under management – that have acquired a minority stake in the Company’s share capital of around 22%.
The financial resources raised through the transaction will enable the company to pursue a new business plan based on the three strategic pillars, which have been presented today:
• Evolution from a co-living to an integrated living business model, through the management of increasingly flexible housing solutions both in terms of target audience, covering students and young professionals, but also multi-family, managers and companies, as well as in terms of duration, offering short-, medium- and long-term solutions;
• Expanding the company’s offering to include value-added services, which will benefit from the advantages of being part of the DoveVivo community in the context of a 360° experience;
• Expansion of the company’s international footprint, also through M&A transactions, with the aim of consolidating its presence in Spain and France, markets where the company already operates, and entering into other European countries where the company does not currently operate.
The aim of the next three years business plan is to create the largest residential platform in Europe.
Read the Press Release