2019 Investitionsmanagement

ORES Socimi – An attractive long income real estate investment vehicle

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ORES Socimi – An attractive long income real estate investment vehicle

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  • Sonae Sierra carefully put together a strong portfolio of real estate assets on which an attractive investment vehicle with competitive returns has been built
  • Sonae Sierra analysed over 700 potential investment opportunities through its robust due diligence and investment process and invested in c.5% of analysed assets that best fit the Fund’s strategy
  • The portfolio maintains an occupancy rate above to 99%, an unexpired lease term (WAULT) close to 30 years, and a lease break term (WAULB) close to 11 years, all of which is a reflection of the quality and long-term stability of the portfolio
  • Sonae Sierra and Bankinter created ORES Socimi in December 2016 and raised €196.6 million of equity capital. In February 2017, ORES Socimi was successfully listed on the Mercado Alternativo Bursátil (Alternative Stock Market) in Spain.
  • ORES Socimi provides investors with direct access to a professionally managed, yield-oriented real estate investment vehicle built on a diversified portfolio of high quality assets.
  • The strategy of ORES Socimi is focused on acquiring and managing retail real estate assets in strong locations across the Iberian Peninsula, with first class tenants and long-term contracts.
  • Sonae Sierra acts as an anchor investor and provides a full scope of investment management services to the vehicle.

37

properties

>5%

target cash on cash yield

11 years

WAULB

€381 million

assets under management

€178 million

total debt

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