A SPV acquired an old industrial factory. As the building was effected by monument protection and due to this singularity no other commercial company was interested in using it. 

Added Value
The SPV negotiated nearly during one year with the corresponding authorities to obtain the authorization for the change of use of the building, from commercial to residential use and separate a part of the land.

Investment  Result
The separated land was sold to a local real estate developer who developed more than 30 apartments and the old industrial building was turned into apartments.