Excela leading group in banking services investmentannounced the expansion of its managed real estate portfolio, with the acquisition, through its Real Estate Closed Investment Fund Excel II, of an office property located in the Piantini sector of Santo Domingo.
The group announced the acquisition of 11 floors of the Roberto Pastoriza Tower, with an area of 13,039.69 square meters of construction, from the Roberto Pastoriza Tower Real Estate Development Trust.
The tower was developed by the DAF Group, managers of the platform START. The transaction includes the transfer of rental contracts by the Escrow of Real Estate Development Torre Roberto Pastorizaa Real Estate Closed Investment Fund Excel II, of the premises currently occupied by subsidiary companies of Grupo Reservas: Seguros Reservas, SA, ARS Reservas, SA, Fiduciaria Reservas, SA and AFP Reservas, SA
The Excel Fund II It has an approved equity of US$200 million dollars and every day it strengthens its position as the main purchaser of high-quality commercial real estate in the country, with the materialization of the strategic plan defined by the Investment Committee..
Referring to the agreement, Alberto Cruz, president of Excel, highlighted the group’s strategic vision to continue expanding and diversifying the real estate portfolio, promoting the development of variable income through investment funds.
“Since our beginnings, we have worked with the firm commitment to promote the development of the stock market through equities, offering the market investment products with competitive returns, low volatility and high liquidity. The performance of the Real Estate Funds has been key in this drive and every day more investors receive the benefits offered by the stock market.
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¨Our strategic plan focuses on continuing to strengthen and diversify the portfolio, with the acquisition of emblematic properties in the national territory, with more properties in Greater Santo Domingo and further expanding the geographic scope, with real estate investments in Santiago and Punta Cana”, informed the president of Excel.”
On his side, Expedy Pou, representative Daf Group, highlighted: “For DAF, carrying out this work and subsequently the transaction with Excel confirms the confidence we have in all the construction segments in which we are investing and encourages us to continue exposing capital in the Dominican Republic.”
The Real Estate Investment Fund Excel II It is aimed at investors who want to participate in a real estate portfolio and the benefits of flow and appreciation that these entail.
The dues of participation are available in the secondary market for interested personal, corporate and institutional investors, through Excel Puesto de Bolsa.
Currently, 90% of the fund’s investments are placed in real estate with high added value, such as Blue Mall, Embassy Suites by Hilton, Corporate 2015 and Sambil, among other properties that participate in the real estate market offer for corporate leases in the form of offices and commercial premises.
About Excel
Excel is a group of investment banking services companies with a long history made up, in the Dominican Republic, by Excel Puesto de Bolsa, Excel Consulting and Excel SAFI and internationally by Excel Capital Partners.
Among the services it offers, advice on activities related to capital markets, securities brokerage, asset management, issue structuring, financial advice, among others, stand out.
As an advanced investment banking company, it stands out for its contributions to the development of the country’s equities as a vehicle for the development of the stock market.
With the knowledge and accumulated experience of its team, it structures innovative and easy-to-understand products, giving personal and business investors access to the benefits of diversification and profitability that the stock market offers.
It has a team of professionals with vast experience in the capital markets who work every day to provide products and services that enhance the results of the investments of their personal, business and institutional clients.
About Excel SAFI
It is the first company accredited to function as an Investment Fund Management Company (SAFI) in the Dominican Republic upon receiving authorization number SVAF-001, and registered in the Securities Market Registry of the Superintendency of the Securities Market of the Dominican Republic.
About Excel Stock Market
Excel Puesto de Bolsa is a company with Dominican capital, established on October 25, 2002, with the aim of providing personalized financial advice of excellence.
It is the second stock exchange in the market that obtained the license from the Superintendency of the Securities Market.
About Excel Real Estate Funds
Its objective is to generate periodic short-term income through the sale or rental of real estate, as well as long-term capital gains through the generation of capital gains, investing in commercial, industrial, office buildings or properties oriented to any economic sector. , with the exception of housing, which translates into a medium risk fund.
