PRESS RELEASE HISPANIA ACQUIRES 199 DWELLINGS IN MADRID FOR AN AMOUNT OF 29.9 MILLION EUROS With this transaction, Hispania has already invested 292.7 million, 54.9% of the net proceeds raised in the IPO Madrid, July 30 th 2014. Hispania Activos Inmobiliarios, S.A. (Hispania), through its subsidiary Hispania Real SOCIMI, S.A.U., has acquired in two separate deals two residential buildings totalling 199 dwellings located in the Madrid region, out of which 115 are in Majadahonda and 84 in San Sebastián de los Reyes. The deals include the purchase of 227 parking spaces and 199 storage units. The total acquisition price has amounted to 29.9 million euros. The dwellings are currently rented, with an overall occupancy rate of 87%. They are high quality assets, located in consolidated areas in the north and north-west of the Madrid region. These new acquisitions of residential assets fit perfectly in our strategy of investing in high quality assets with a value creation potential through an investment and management plan. We are very confident in the value creation opportunity which these assets present, given their location in consolidated areas within the Madrid region, asserted Concha Osácar, Board Member of Hispania. Azora, external manager of Hispania, has extensive experience in the investment, repositioning and management of residential assets under rent through a team of c. 95 professionals, who manage c. 100 buildings with more than 10,500 dwellings across 17 Spanish provinces. Majadahonda assets The 115 dwellings acquired are within a closed residential community. They have an average surface of 85 square metres, with two bedrooms and two bathrooms, as well as associated parking spaces and storages. This promotion is located next to the commercial area of El Carralero and has multiple additional services in its surroundings: hospitals, schools, universities -Francisco de Vitoria and Somosaguas Campus of the Universidad Complutense de Madrid- and sport facilities, including golf course. With a population close to 71,000 inhabitants, Majadahonda is one of the municipalities with the highest rent per capita in the Madrid region. Majadahonda is located in the north-west of the Madrid region and is well communicated with the city centre by the A-6 and M-503 highways and thanks to a wide public transportation network.
San Sebastián de los Reyes assets The 84 acquired dwellings have two and three bedrooms and are distributed across two buildings. They have an average surface of 100 square metre and have parking spaces and storage units linked to the apartments. Located in the north of Madrid, next to the commercial areas of Plaza Norte 2 and Factory, the dwellings have access to numerous services in the surroundings: hospitals, sports facilities, including golf course and subway. About Hispania Hispania is a Spanish company that became listed on the Spanish Stock Exchange on the 14 th of March of 2014 raising 550 million. Hispania was created with the objective of capturing investment opportunities in the Spanish Real Estate markets and creating a portfolio of high quality assets in the residential, hotel and offices sectors. In accordance with best corporate governance international practices, Hispania s Board of Directors, chaired by Rafael Miranda, has a majority of independent Board Members. Hispania is externally managed by Azora, which has granted it total exclusivity for all of its investment deal flow in Spain, except for student housing. About Azora Grupo Azora (hereinafter Azora ) is a leading Spanish independent asset manager, founded in 2004 and with over 3,000 million of assets under management. Azora manages Hispania through its subsidiary Azora Gestión S.G.I.I.C., S.A., a regulated asset management company under the supervision of the Spanish Stock Exchange regulator (CNMV). Azora s platform is one of the largest in Spain, with a team close to 300 professionals with extensive experience across the Real Estate value chain, including deal origination, structuring and investment, new developments and repositionings, asset and property management as well as disposal of individual assets or portfolios. Azora is specialized in four assets classes: residential, hotels, offices and student housing. Azora currently manages the largest portfolio of residential properties under rental in Spain, comprising approximately 10,500 units.
FOR FURTHER INFORMATION: Hispania s Press Room: Noemí Sánchez: noemi@irazustacomunicacion.com Nacho Miquel: nacho.miquel@irazustacomunicación.com +34 91 563 41 79 Hispania s Investor Relations: Ana Roldán: anaroldan@azora.es Pablo García-Morales Osorio: pablogarciamorales@azora.es +34 91 310 6370
Location and pictures of the Majadahonda assets:
Location and pictures of the San Sebastián de los Reyes assets: