Azora centralizes its value-added strategy to lead the Southern European market

The company has decided to unify all its investment operations in Spain into a single fund, Portugal, Italy and Greece, even integrating its existing hotel fund, Azora European Hotel & Lodging II (AEHL II), to offer investors a more comprehensive and diversified platform. This decision responds to demand from investors themselves, who seek access to a wide range of growth opportunities in the region through a single vehicle.

The new fund, SEO III, has set an annualized net return target of 15 %The management company is primarily aimed at institutional investors and family offices who wish to capitalize on the opportunities that have arisen following recent market disruptions, such as the pandemic and rising interest rates. According to Azora, this environment allows for the acquisition of discounted assets in markets with solid growth prospects for income and capital values.

The company unifies in this vehicle all the added value strategies it works on in Spain, Portugal, Italy and Greece.

The manager has a track record of success in its value-added vehicles, with a historical net return of 22 % and a return on capital of 2,4xThese results position it as one of the best-performing asset managers in the European real estate market over the last two decades.

In the words of Javier Rodríguez-HerediaAzora's managing partner, said this initiative "seeks to reinforce our investment commitment to Southern Europe, an area that offers a unique combination of economic growth and very favorable demographics supported by strong growth in major urban areas, which generates a very resilient structural real estate demand that, together with entry prices below the European average, creates an optimal environment for investment in real assets with higher sustainable growth in income and capital values."