Project Andorra la Vella

The opportunity

Asset overview

This project in Andorra la Vella is a fully operational mixed-use commercial building in the heart of the capital's financial district. Long-lease tenants across retail at street level and four floors of professional office space generate predictable monthly rental income. The debt structure offers senior secured exposure to a stabilised, income-producing asset, with no development or lease-up risk.

Why invest

Investment thesis

Andorra la Vella's commercial core is a chronically under-supplied market. The capital's banking sector, professional services, and government functions all concentrate within a few hundred metres of this site, anchoring sustained demand for quality office and retail space. With leases already in place and the asset already producing, debt holders are insulated from development, lease-up and tenant risk that earlier-stage projects carry.

Deal strengths

Why this deal

• Fully operational and tenanted asset, with income from day one
• Capital secured against a prime commercial building in the capital's financial district
• Long-lease tenants across retail and office floors
• No development risk, no lease-up risk
• Shorter typical hold than alpine or hospitality projects

Capital deployment

Use of funds

Timeline

Project milestones

Liquidity

Exit strategy

Capital is returned through scheduled refinancing of the underlying property within the hold window, or earlier if a sale event occurs. Debt holders receive their full principal plus accrued coupon on exit.

Compliance & structure. Investment is made via an Andorran SPV with Equity Partners as asset manager. All foreign investment approvals, KYC, AML, and source-of-funds checks are handled by Equity Partners prior to capital call.