FranceResidential · Special situationCompleted
Valuebefore works.
An operation where execution rested on entry price, use and exit — not on building works.
- €0
- Works
- 4+ months
- Holding period
- €565,000
- Acquisition
- €1,275,000
- Resale
- 44.3%
- Acquisition / exit ratio
01The opportunity
The seller struggled to put a value on a vacant asset with an unusual layout.
A buyer looking for exactly that layout read its value very differently.
The challenge wasn't to transform the building. It was to secure both sides of the transaction.
02The strategy
01
Read↓
02
Secure entry↓
03
Secure exit↓
04
Sell
03Execution
€565,000
Acquisition
€0
Works
€1,275,000
Resale
Sometimes the valueis already there.
04Financial snapshot
- Acquisition
- 565 000 €
- Works
- 0 €
- Resale
- 1 275 000 €
Pre-tax result, after financing, carrying and transaction costs
≈ 612 000 €
- Rounded figures. Operation completed.
05Timeline
Reading
Vacant asset, unusual layout, seller unable to price it.
Acquisition
€565,000, with no works programme.
4+ months
Resale to a buyer seeking that exact layout.
06Key takeaway
Value creation doesn't always mean building works: it can come from reading the asset correctly and controlling both sides of the deal.
Historical performance shown relates to specific operations and is no guide to future performance.