General Information
Denomination: ADVERO Properties Socimi, S.A.
Sector: Real Estate
Tax Identification Number: A67077628
Registered office:
c/Iradier, 21 08017 Barcelona, Spain
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
Assets
ADVERO Properties’ portfolio is currently composed of 25 assets with 402 apartments, aimed entirely for middle-income rent:
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.