Metrospaces Announces Corporate Reorganization as a Real Estate Private Equity Firm
Metrospaces, Inc. (OTC Pink:MSPC) (PINKSHEETS: MSPC) announces that it has reorganized its business plan as a private equity firm, focused on emerging market real estate investments.Mr. Silva stated: “This reorganization is in line with the business plan we have set up since my arrival to the company. Up to now, Metrospaces has operated as a real estate developer, using mostly its own cash to fund projects. Due to senior management’s past experience, we believe to be in a perfect moment for this structure. This will allow us to raise financing via separate entities, thus allowing us to raise funds without additional dilution to current shareholders. All senior management members have a very strong track record in hotel development in Europe and Emerging Markets. Additionally, we all have long-term equity compensation in the company; therefore our interests are exactly aligned with shareholders. We are in final negotiations with several reputed investment banks to help us raise our first fund. We will look to raise $10-15 million for our first fund. Our first fund will go to finance our current project and up to 3 more hotel projects we are actively targeting. One of the investment banks we are talking to also owns one of the world’s leading crowd funding site in the real estate market. We expect to start fund raising by the end of January. Our fund will focus on boutique hotels in Latin America, as well as operating companies in the hospitality industry, such as hotel operators etc.
For a link to the “IKAL LODGE AND WINERY” project:
For a link to our 3 hotel projects currently underway:
About Metrospaces :
Metrospaces www.metrospaces.net is a publicly traded real estate investment and Development Company which acquires land, designs, builds, and develops then resells condominiums and Luxury High-End Hotels, principally in urban areas of Latin America. The company’s current projects are located in Buenos Aires, Argentina, and Caracas, Venezuela. It is operated by an elite group of real estate professionals and entrepreneurs located around the world. Company shareholders have extensive careers in real estate financing worldwide, and have funded projects both in the America’s and across Europe valued in excess of US $350Million.
Six years ago Metrospaces shareholders saw a unique opportunity to participate in several exciting property markets around the world. Through their world-wide network of highly recognized real estate entrepreneurs, the company was able to capitalize on unique real estate development opportunities. Since Inception the company has leveraged those relationships along with extensive financial expertise and transformed excellence by results.
Metrospaces is a boutique real estate development company, a product of the alliance of Metrospace shareholders, along with an elite group of real estate professionals and entrepreneurs located around the world. Company shareholders have extensive careers in real estate financing worldwide, and have funded projects both in the America’s and across Europe valued in excess of US $350Million.
Metrospaces’ majority shareholders has partnered with Investors on Elite properties including The London BLVGARI 5 Star Hotel, and is currently involved in negotiations for the development of several Elite luxury properties in South America.
Among Metrospace partners are Architects, Real Estate Developers, Agents and Attorneys of the highest standing, with extensive experience in the global property market.
Metrospaces was originally founded by company President Oscar Brito.
About Ikal Lodge and Winery:
Ikal Lodge and Winery is a 75 hectare wine-based vacation home/hospitality real estate project. The project consists of a 25-master suite luxury hotel, a winery and 29 luxury villas that will be sold under fractional ownership. Ikal currently sells its award-winning wines in Spain, Mexico and the US. See: www.ikal1150.com .
Safe Harbor Statement :
Statements in this news release may be “forward-looking statements”. Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and Metrospaces Inc. undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.
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