The Socimi Axiare, has published its 2014 annual accounts report and the corresponding auditor’s report to the Spanish Stock Market Commission (CNMV). The results demonstrate that after operating for just six months, the company has achieved results that allow it to propose a distribution of a dividend of €1.45 million in relation to its 2014 results at its Shareholder’s Meeting. Axiare ended its first financial year with a net profit of €2 million, obtained thanks to the management of the property portfolio and a tight cost structure. In this respect, it is particularly important to note that the company acquired 43% of its property portfolio in December, and as a result, the rents generated for these properties had a very limited effect, both on target profit, as well as returns generated. Since July 09, 2014 when Axiare listed on the stock market, the company has completed 8 acquisitions valued at €424 million. The 16 properties that have gone on to form part of the property portfolio, have generated a return on investment of 10,4%, based on the annualized rental income and the value uplift detailed in the portfolio valuation report carried out by CBRE*. In terms of additional events carried out after the closure of the company’s annual accounts, we would also note that Axiare has completed a loan agreement with Caixabank for €72.3 million, with a 14-year term and a leveraging of 55% on four properties in its portfolio (Avenida de la Vega, Diagonal 197, Dos Hermanas and Rivas). In the words of the company’s CEO, Luis López de Herrera-Oria, the results published today “Axiare has exceeded its stated objectives by successfully investing all the equity raised in high quality real estate. Having proposed a dividend for our shareholders, in such a short-time frame, reflects our ability to deliver”. Link to the Annual Accounts report published with the CNMV. Link to the free translation document in english. *The valuations of the properties detailed in CBRE’s valuation report and published with the CNMV on January 26, 2015, were carried out according to RICS (Royal Institution of Chartered Surveyors) valuation standards, based on net market value as at December 31, 2014. About Axiare: Axiare is a Spanish company that listed on the Madrid Stock Exchange as a SOCIMI (Sociedad Anónima Cotizada de Inversión Inmobiliaria), on July 09, 2014 (MC: Axia). Its primary activity is the identification of investment opportunities in the Spanish real estate market and the creation of a prime property portfolio that provides a high yield for its shareholders. The company’s value creation strategy is based on the active management of its portfolio, carried out by an expert team solely dedicated to this task and the repositioning of its property portfolio. Axiare’s investment activity is focused on the acquisition of Class A office buildings in the city centres and most sought after business districts in Madrid and Barcelona, logistics platforms on the main distribution highways and retail space in established areas in Spain. In 2014, Axiare completed 8 real estate transactions valued at €424 million, thereby creating a portfolio comprised of 16 properties with a Gross Lettable Area (GLA) of 388,000 sqm, comprised of 68% offices, 22% logistics and 10% retail. Axiare is a member of EPRA (European Public Real Estate Association).