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.