Singapore based Logistic Real Estate Investor setting up shop in Barcelona
A Singapore-based logistics real estate investor is making significant strides in the European market by investing in prime logistics properties. After months of meticulous research and evaluating a variety of investment opportunities, they are ready to enter the market with their inaugural investment in Barcelona. This move marks a crucial step in their strategic expansion across Europe, aiming to tap into the continent's booming logistics real estate sector.
The challenge
As they prepared to establish their presence in Barcelona, the investor faced several formidable challenges. First on the list was opening a European bank account, a vital requirement for handling financial transactions smoothly. Navigating the complex European banking regulations and processes within a limited timeframe was a daunting task. Additionally, arranging working visas for their Singaporean staff posed another significant hurdle. The bureaucratic intricacies of securing work permits and ensuring compliance with local immigration laws added layers of complexity. Furthermore, finding suitable housing for their staff and their families within a month was essential for ensuring a smooth transition. The pressure was on to provide comfortable living arrangements that would make the relocation process seamless and stress-free for everyone involved.
The Solution
To overcome these challenges, the investor turned to Hubstance, a trusted partner with expertise in market entry consultancy. Hubstance leveraged its extensive network and relationships with European banks to expedite the account opening process. Within just 15 business days, the investor had a fully operational EU bank account, enabling them to manage their finances efficiently from the outset. Hubstance also tackled the visa and housing issues with remarkable efficiency. They organized comprehensive tours for the staff to view a range of houses and apartments in Barcelona, ensuring that each family found a place that met their needs and preferences. Meanwhile, Hubstance's dedicated team worked tirelessly to process all visa applications, ensuring compliance with local regulations and securing the necessary work permits. By the end of the month, all staff members had their visas in hand and had settled into their new homes, ready to embark on this exciting new chapter. Hubstance’s swift and effective solutions ensured that the investor’s expansion into Barcelona was smooth, timely, and successful.