Axiare Patrimonio SOCIMI, S.A. is listed on the Madrid Stock Exchange since July 9, 2014. The Company believes it benefits from its position as one of the first SOCIMIs established in the Spanish market, and from its management team’s large experience on the sector.
The Company was established in order to invest in the Spanish real estate market based on a long-term business plan. It conforms a vehicle offering a high-yielding and unique opportunity for those investors who firmly believe in the recovery of the Spanish real estate sector.
Axiare Patrimonio’s strategy is focused on creating value via the active management and repositioning of the property portfolio, with particular attention being paid to environmental sustainability.
The Company’s investment activity is focused on the acquisition of Grade A office buildings, or that have the potential to be, in the city centres and most sought after business districts in Madrid and Barcelona, logistics platforms on the main distribution hubs and retail space in established areas in Spain.
Axiare Patrimonio is a internally managed real estate investment company. Luis López de Herrera-Oria, President and CEO of the Company has brought together a management team, which is solely dedicated to creating value for the Company and its shareholders, which is comprised of specialist professionals with extensive track-records and experience in the real estate sector, who have worked together in the past and have taken part in some of the most innovative deals in the sector over the past few years.
Axiare Patrimonio is assembling a prime property portfolio with strong uplift potential, taking advantage of the corrections in the Spanish real estate market and the unique capabilities of its management team.
To Feb 31, 2016, the Company has completed 20 investment transactions valued at EUR 872 million, via which it has acquired 30 properties with a total lettable area of 564,00sqm. Axiare Patrimonio’s property portfolio is comprised of 73% Grade A offices -or potential to be-, 16% logistics platforms and 11% other commercial assets such as shopping centres and retail parks.