Also, the socimi, directed by Luis López de Herrera-Oria, increased the net value of its property to 13.8 euros per share, which is 17.6 per cent more than twelve months previously and 45.4 per cent more than at its exit from the Stock Market in July 2014.
Axiare Patrimonio’s rent income in 2016 rose to 42,4 million euros, 19.5 per cent more than the previous year. This increase is, according to the company, due to the fact that Axiare is closing rental contracts at prices above the average rents on the market.
During the 2016 financial year, Axiare Patrimonio has completed 14 new lettings covering a gross lettable area (GLA) of 53,481 m2, which will bring in additional annual rents of 3.1 million euros, 210 per cent more than in 2015. The occupancy rate for the Axiare Patrimonio portfolio up to the 31st December 2016 was 88 per cent. Additionally, and since the beginning of 2017, the socimi has closed and settled on 90,000 m2 of offices and logistics assets completed in the short term.
The asset portfolio of Axiare Patrimonio, at the close of the 2016 financial year, is valued at 1,343 million euros, according to CBRE Valuation Advisory, based on the RICS (Royal Institution of Chartered Surveyors) standard. In the past financial year, the socimi has invested 323.6 million euros in new prime office buildings and logistics warehouses in good locations. Already in 2017, the company has succeeded in acquiring the head office of Peugeot in Madrid for 41.5 million euros, the head office of Capgemini for 43.5 million and the Miguel Ángel 23 in the heart of Madrid’s CBD for 53.4 million. Additionally, there are a further 20 million euros in the process of due diligence for imminent closure.
The socimi Axiare Patrimonio has successfully managed an expansion of capital for a sum of 93 million euros by means of an "Accelerated Bookbuilt" offer.
Axiare Patrimonio formalised the acquisition for 35 million euros of the current Head Office in Madrid of the communications group Vocento and its subsidiaries. This purchase includes an office ...
The SOCIMI Axiare Patrimonio has completed the signing of two finance agreements with ING Bank N.V., one with CaixaBank and the other with BBVA, at a value of 144 million euros, which will be re...
Blackstone will transfer 21,000 homes to several Socimis, to rent.
Up to October 2017, have been invested €1,500 million in commercial real estate in Portugal, surpassing by 15% the €1,300 million transacted throughout the year 2016.
RICS (Royal Institution of Chartered Surveyors) in partnership with Iberian Property have just launched the first edition of the new Iberian Commercial Property Monitor, an unprecedented initiat...