ABOUT
Dry Capital is a European real estate capital solutions firm founded in 2025. We specialize in equity, preferred equity, and recapitalization opportunities across Continental Europe, with deep institutional experience and a combined track record exceeding €4.5 billion across 70+ principal deals.
SERVICES
EQUITY SOLUTIONS
Tailored equity structures for real estate projects and portfolios across Europe.
CAPITAL RESTRUCTURING
Strategic recapitalization and debt refinancing solutions for institutional sponsors.
PREFERRED EQUITY
Mid-teen IRR opportunities with downside protection for selective investments.
NEWS
Press & Market Activity
Dry Capital Expands into Iberia with Lake Capital Partnership
Dry Capital has established a strategic alliance with Lake Capital, marking a significant expansion into Southern Europe and the Iberian peninsula.
The partnership brings together complementary strengths: Lake Capital's expertise in sourcing, underwriting, and managing assets across Southern Europe combined with Dry Capital's specialization in equity and capital solutions.
- Founders bring institutional RE backgrounds from PATRIZIA and IVG
- Combined deal experience of over EUR 4 billion across European markets
- Lake Capital's sourcing and asset management expertise expands geographic footprint
- Focus on equity and capital solutions across Southern European opportunities
BLOGS
Capital Markets, Deal Structures, and European Real Estate Strategy
2026 Real Estate: For Masochists Only — Or Am I Mentally Deranged?
A candid take on the current state of real estate markets in 2026, exploring the challenges and psychological resilience required.
March 17, 2026 Read More →Madrid Calling
An exploration of Madrid as an emerging capital hub for European real estate investment, examining market dynamics and growth drivers.
February 3, 2026 Read More →Europe's Capital Magnets
A comprehensive analysis of which European capitals are attracting the most capital and what drives institutional investment patterns.
December 17, 2025 Read More →YOU'RE FIRED…
A provocative examination of market exits, restructuring decisions, and the hard lessons learned when strategies require change.
November 10, 2025 Read More →How Many Euros Are Chasing Each Euro? The New Math of Real Estate Capital
An analysis of capital formation, deployment velocity, and competitive dynamics reshaping real estate finance.
September 25, 2025 Read More →From Recap to Real Life: Why Capital Restructuring Might Be Your New Best Friend
A practical guide to recapitalization mechanics, exploring how restructuring creates opportunity and unlocks value.
July 31, 2025 Read More →The Blossoming New Era of Secondaries
An in-depth exploration of the secondary real estate market evolution, liquidity trends, and strategic implications.
May 29, 2025 Read More →Dry Capital Secondaries, Shifting Capital, and the Rising European Edge
An examination of Dry Capital's approach to secondaries and the competitive advantages in European markets.
April 1, 2025 Read More →Survive Till 25 — We Made It. Now What? Why Dry Capital?
The inaugural post reflecting on journey milestones, market positioning, and Dry Capital's mission.
March 11, 2025 Read More →TRACK & TEAM
€4.5BN combined track record · 70+ principal deals · 45+ years in Europe
BUILD IT
With a combined track record exceeding €4.5BN across 70+ principal deals, we have led corporate initiatives across the full company lifecycle — from acquisition and restructuring to exit.
GROW IT
With a deep understanding of market cycles and strategic repositioning, our expertise includes identifying opportunities from core and opportunistic markets in hybrid capital ventures.
SELL IT
Success lies in knowing when to act — we run curated capital raise processes to a wider market from local to international LPs looking to enter European markets.
TEAM
Sheelam Chadha is a seasoned real estate investment professional with nearly 20 years of institutional experience across Continental Europe. Her career spans senior roles at Savills, IVG, TRIUVA, PATRIZIA, and Atenor — overseeing transactions exceeding €2 billion across office, residential, logistics, and retail. In 2025, she founded Dry Capital to address the growing need for tailored capital solutions across Europe.
Dry Capital is present in the Iberian market through its local partner, Maria Laguna (Lake Capital). Maria brings over 25 years of institutional real estate investment and asset management experience across Southern Europe, having established DeA Capital's Iberian platform and led acquisitions spanning logistics, residential, office, retail, and hospitality.
CONTACT
BRUSSELS OFFICE
Rue des Atrébates 112
1040 Etterbeek, Belgium
info@drycapital.eu
MADRID OFFICE
C. del Marqués del Riscal, 2
Chamberí, 28010 Madrid
+34 606 418 321