Xavi Hernández boosts real estate investments with a $1.3 million bungalow in Costa Brava

Xavi Hernández was presented as the new coach of FC Barcelona on November 8, 2021 and after a year on the bench of the Blaugrana , the coach decided to celebrate his anniversary with an activity Large real estate business. 

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Thus, Galileu 136 SL, the promoter and company specializing in real estate rental, has obtained three million euros, and what stands out most is the inclusion of a wooden house in the urbanization of Sant Antoni de Calonge, on Costa Brava of Girona, where It costs about 1.3 million VND. 

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The 393 square meter bungalow, built in 1992 on a 1,311 square meter plot, has six bedrooms with corresponding bathrooms and includes a swimming pool, garden and garage. Located within Mas Vilá Urbanization, a quiet residential area, it is a few minutes by car from D’Aro beach, Torre Valentina and also a few kilometers from Palamós.

This asset is the most valuable but not the only asset that Xavi Hernández contributed. In total, and through capital increases through non-monetary contributions, it added assets of 1,889,975 euros. 

They include a house in the center of Terrassa measuring 247 square meters and worth more than 618,000 euros; three parking spaces in the above mentioned building, average price is about 20,000 euros; or two farms in Matadepera, the richest municipality in Catalonia and located in the Vallès Occidental region, in Barcelona and near Terrassa, each exceeding 172,000 euros. 

This injection of real estate into the company is also accompanied by another capital increase, of more than 1.18 million euros, an amount that the FC Barcelona coach will probably use to buy more real estate assets that in total has reached nearly 23 million euros. in Galilee 136 SL. In total, it has 69 properties (apartments, houses, offices, parking lots, facilities…) in towns such as Terrassa, Mataró, Palamós, Sant Antoni de Calonge or Viladecavalls, among others .

The investments, based on the results obtained in 2022, do not bring good returns for the Catalan coach. Last year its red figure almost tripled, a loss of 1.95 million euros (the year before it was -722,391 euros), despite the fact that it managed to slightly increase its income from 491,031 to just over 522,000 euros for renting out your entire property. 

The Catalan, who is a few weeks away from celebrating his two years with the Blaugrana , we will see if he makes new investments or even divests. Reason? Its cash or liquid assets have decreased from 230,000 to 17,000 euros, so if it wants to opt for new operations, it will have to inject money or, conversely, sell some assets, since its inventory is 2 .32 million euros. takes into account the assets it must sell.