The objectives and goals that we’ve achieved to date continue to motivate us to aim higher and higher. At the beginning of September, after the go-ahead from the Board of Directors and the Shareholders’ Meeting, we decided to underwrite a new capital increase of Euro 15 million in which the whole shareholding group has taken part.
This injection of liquidity is essential for our always very ambitious growth plans. In this way, we’ll be able to finance projects starting in Italy, with a significant strategic value, and those starting abroad, since we’ve recently crossed our national borders.
Valerio Fonseca, our CEO, said, “Despite the crisis, we’re very pleased with this operation, also because it signposts our positive view in the medium-long term in the co-living sector which we believe will continue to grow, strengthen and become increasingly industrialised in Italy and the rest of the world.”
We’re looking ahead with confidence and we’re convinced that our company will be of increasing interest for financial and Real Estate operators and also property investors because it has solid bases from the industrial, financial and asset points of view. Our business model is a modern, entrepreneurial and efficient response to the demand for accommodation by students and workers living away from home and, at the same time, offers proprietors a service for property investment, valorisation and management, maximising the long-term value.