Profile
Axiare Patrimonio SOCIMI, S.A. is a real estate investment company (SOCIMI) focusing on rental properties, created in order to invest in the Spanish property market. Its primary activity is the identification of investment opportunities and the acquisition and management of high-quality properties, in order to add value to the properties and generate sustainable value for its shareholders. Its property portfolio is comprised of 70% Class A offices and 30% logistics and retail assets, primarily located in Madrid and Barcelona.
The Company was set up as a ‘blind pool’ (no assets) in order to obtain improved returns on investment via the opportunities and favourable conditions in the Spanish real estate market at the time of its creation and thereby build a high-quality property portfolio that offers good profitability and liquidity to its investors.
Luis López de Herrera-Oria, Executive Chairman and CEO of Axiare Patrimonio SOCIMI, S.A., has brought together a highly seasoned team of professionals with extensive knowledge of the real estate market, who have worked together since they were at PRIMA INMOBILIARIA (formerly TESTA). The management team is comprised of Chony Martín, Guillermo Fernández-Cuesta, Fernando Arenas and Stuart McDonald. Luis María Arredondo chairs Axia Real Estate, SOCIMI, S.A.’s Board of Directors.
In contrast to others SOCIMIs, the company's rental portfolio is actively managed by an expert in-house team, which is solely and exclusively dedicated to working on this project and which is fully in line with investor interests.
In 2014, the company completed 17 real estate transactions worth €424 million, thereby creating a 388,000 sqm property rental portfolio.
Axiare Patrimonio SOCIMI, S.A. is a member of EPRA (European Public Real Estate Association) and BME (Spanish Stock Markets). The company has been listed on the Spanish Stock Exchange since July 9, 2014, with the ticker: AXIA, as a SOCIMI (Listed Limited Company for Investment in the Real Estate Sector - Sociedad Anónima Cotizada de Inversión en el Mercado Inmobiliario), following the approval of its prospectus by the Spanish Stock Market Commission (Comisión Nacional del Mercado de Valores - CNMV). The company's headquarters is registered at Calle José Ortega y Gasset 29, 5th Floor, 28009 Madrid.