Meridia and Med Capital Management are delighted to announce the acquisition of a premium residential plot in Nou Llevant District at Palma de Mallorca. This plot, with a buildability of 48,200 sqm, is the last and largest piece of residential land to be currently developed in the sector. The project is ideally situated near the vibrant Portixol area and just steps away from Palma’s historic old town and city center, offering exceptional potential for residential development.
The acquisition underscores both companies’ confidence in Mallorca’s high-end residential market, where the scarcity of ready-to-develop land and the strong demand creates a unique investment opportunity. The project’s vision combines modern urban living with sustainability and integration into the surrounding environment.
Victor Iborra, Partner at Meridia, stated: "This acquisition marks Meridia V’s fourth investment, enhancing the diversification of the fund’s portfolio within the living segment, whilst reinforcing our commitment to expanding our presence in this sector. Meridia V is dedicated to identifying and capitalizing on value-add opportunities across the Spanish market, focusing on hospitality, logistics, and living. We are pleased to partner with Med Capital on this project, as they complement our vision to deliver high-quality, sustainable developments.”
Manuel Guillén, CEO at Med Capital, commented: "This new investment in Palma is our fifth project in Mallorca and highlights our strong confidence in the high-end residential sector in the Balearic Islands. We are convinced of the enormous potential of the archipelago, both developing new projects and repositioning existing ones. We continue to analyse new investment opportunities in the short term. We are very pleased to have partnered with Meridia in this project and look forward to leveraging our combined capabilities to implement a leading concept in terms of urban development, sustainability, and integration with the surrounding environment.”
About Meridia:
• Meridia is a leading alternative fund manager based in Spain, managing over €1 billion in assets. With a longstanding history of notable achievements, Meridia consistently delivers above-average returns for its global network of investors, including prominent institutional groups.
• Specializing in real assets and private equity, the company focuses on transformative projects that foster growth and create sustainable value for stakeholders.
• The latest real estate vehicle, Meridia V, builds on the firm's established expertise, leveraging its in-depth market knowledge to identify high-potential opportunities in the hospitality, logistics, and living sectors.
• Headquartered in Barcelona, with additional offices in Madrid, Meridia is committed to responsible practices, adhering to rigorous ESG standards and contributing to the development of private markets development in Spain.
About Med Capital:
• Med Capital Management SGEIC is an alternative asset manager operating in Spain, specializing in the management of private equity, venture capital, and other alternative investment funds. The firm enables professional and institutional investors to access investment opportunities in strategic sectors such as technology, real estate, and infrastructure.
• Founded in 2005, Med Capital has offices in Madrid, Barcelona, and Palma de Mallorca, managing assets worth over €500 million, primarily distributed across Madrid, Catalonia, Costa del Sol, and the Balearic Islands. Med Capital is an investment manager authorized and registered by the CNMV.
• Med Capital has channelled its investment through Med Real Estate Value 2 SICC, its latest closed-end real estate fund registered with the CNMV. Dedicated to high-end residential real estate development, this fund leverages the company’s extensive expertise in the sector.
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