General Information

Denomination: ADVERO Properties Socimi, S.A.
Sector: Real Estate
Tax Identification Number: A67077628
Registered office:
c/Iradier, 21 08017 Barcelona, Spain

Management Company: ADEQUITA Capital Ltd
Address:
123 New Bond Street, W1S 1EJ London
Telephone: +44 (0) 20 7399 9928
Email: londonoffice@adequita.co.uk

Company milestones

About ADVERO

ADVERO Properties Socimi, S.A. is a Spanish publicly traded real estate investment trust established in August 2017 with the aim of facilitating the supply of quality rental housing in middle income areas in Spain. The company concentrates its investments exclusively in residential assets, located on the outskirts of large cities or middle-income neighbourhoods, with full ownership of the property to facilitate the creation of cohesive tenant communities.

Strategy

ADVERO Properties bases its investment on four fundamental pillars:

Residential assets of high quality: ADVERO Properties focuses on the acquisition of assets exclusively for residential rental use, prioritising properties that are no older than 15 years.

Access to housing: ADVERO Properties aims to offer a solution to the sector of middle-income population, which faces greater difficulty in obtaining financing for the acquisition of housing. Undoubtedly, this is population segment lies behind the structural change regarding property ownership in Spain.

Periphery of large cities: Due to the population segment targeted by ADVERO Properties, the company specializes in the management of assets located in middle-income neighbourhoods of Spain's main capitals, or in peripheral areas, which are well connected and offer quality services.

Complete assets instead of fragmented housing: ADVERO prioritises the acquisition of complete buildings, to facilitate the creation of cohesive communities.

Company milestones

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Social Responsibility

ADVERO Properties’ business model, based on rental income, does not limit the company’s ability to engage with the communities of the municipalities in which it invests.

ADVERO Properties’ main purpose is to facilitate the commercial availability of completed, unmarketed residential assets, with the aim of favouring the access to housing to population with less capacity to obtain credit.

And all the above, with the guarantee of top-quality housing and services.

Press

27/11/2023

ADVERO signs a new credit facility and completes another acquisition in the area of Barcelona

23/10/2023

The significant growth in ADVERO’s asset portfolio during 2022 enabled the company to close H1 2023 with a 45% increase in profit and 81% growth in net cash flow

16/05/2023

ADVERO approves its three-year ESG plan

04/04/2023

ADVERO acquires a new residential building in the Barcelona area, consolidating its portfolio in the region

29/03/2023

In 2022 ADVERO doubled its portfolio size and boosted profitability, resulting in €6.7m net profit and dividend distribution planned for July 2023

15/02/2023

ADVERO closes 2022 with a portfolio GAV of € 53.1M, achieving a record 73% growth after doubling its size versus 2021

14/10/2022

ADVERO’s active acquisition policy enables the company to double its revenues in first 8 months of 2022 and secure profits by year-end

20/07/2022

ADVERO lands in the city of Cordoba with the acquisition of 6 buildings with a total of 90 homes

06/05/2022

ADVERO strengthens its shareholding base with a capital increase of € 6.5M to continue developing its growth plan

29/04/2022

ADVERO consolidated its middle-income rental business in 2021 and faces 2022 with the will to double its size

25/03/2022

ADVERO grows its middle-income rental portfolio with two acquisitions in Madrid and Malaga

11/03/2022

ADVERO exceeds two hundred homes in its middle-income rental portfolio

03/02/2022

ADVERO acquires its second asset in Martorell, making it the portfolio’s twelfth building

17/01/2022

ADVERO closes 2021 with a capital increase of €10M and plans a new round of €6M in the first quarter of 2022 to continue developing its growth plan 

30/10/2021

ADVERO closes 1H 2021 having continued to consolidate its growth post-H1 2020 with 6 new assets, low financial debt, and a new capital increase approved at its last GSM

13/09/2021

ADVERO acquires its first asset in Martorell, making it the portfolio’s eleventh building

13/07/2021

ADVERO acquires its tenth building and exceeds 150 affordable rental apartments in Spain

01/07/2021

ADVERO publishes the resolutions of its 2020 General Shareholders’ Meeting

24/06/2021

ADVERO acquires its first asset in Malaga

29/04/2021

ADVERO closes 2020 with the completion of a new round of financing, outstanding performance of its assets under operation, geographical diversification with 3 new assets in Madrid and 9.5% share appreciation

30/10/2020

ADVERO Properties Socimi closes 1H 2020 having completed a new round of financing and incorporated new portfolio assets

29/10/2020

ADVERO Properties Socimi incorporates new assets in Madrid

29/06/2020

ADVERO Properties Socimi acquires its seventh asset in Madrid

16/06/2020

ADVERO Properties Socimi completes the first tranche of its fourth round of financing for 6.8 million euros

16/06/2020

ADVERO Properties Socimi publishes details on the 2020 distribution of dividends

08/04/2020

ADVERO Properties Socimi closes 2019 with a positive net result and a ROI of 36% since the Company’s listing in November.

09/01/2020

ADVERO Properties Socimi acquires its sixth asset in Madrid and constitutes mortgage loan of 2.3 M€

16/11/2019

ADVERO Properties Socimi share price increases 22% in its first week on the stock exchange

28/06/2019

ADVERO Properties Socimi completes its third round of financing for 2.4 million euros

28/03/2019

ADVERO Properties Socimi acquires its fifth residential asset, in Terrassa (Barcelona)

11/12/2018

ADVERO Properties Socimi acquires its fourth residential asset, in Sabadell (Barcelona)

04/12/2018

ADVERO Properties Socimi completes its second round of financing for 2.3 million euros

05/10/2018

ADVERO Properties Socimi expands its residential portfolio with a new building in Terrassa (Barcelona)

12/04/2018

ADVERO Properties Socimi acquires two residential buildings in Rubí (Barcelona)

13/02/2018

ADVERO Properties Socimi completes its first round of financing for 4.3 million euros

12/02/2018

ADVERO Properties Socimi Properties is born

17/08/2017

Adequita Capital LTD establishes reit ADVERO Properties Socimi to improve the offer of rental housing in middle-income areas in Spain

Contact

ADVERO PROPERTIES SOCIMI, S.A.

c/Iradier 21
08017 Barcelona
Spain
Tlf: +44 (0) 20 7399 9928
info@adveroproperties.com

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