Company Profile
Azaria Rental SOCIMI, S.A. is a Company incorporated in November 2016 that currently holds 100% of the shares of Bifur Investments S.L.U. (“Bifur”), Tres Forcas Capital S.L. (“TFC”) and Borna Investments S.L. (“Borna”).
Bifur is the owner of the industrial and office real estate complex located in Madrid, calle Miguel Yuste 40, fully let to El País newspaper (PRISA Group) as its global headquarters. El País is the leading newspaper in Spanish world wise. The lease agreement with El País is mandatory until 2033 under a triple net rent basis.
Miguel Yuste 40 is a complex of five buildings (offices and industrial) with a total surface of 46,481 m² (12,345 m² below ground and 34,136 m² above ground). The complex has 345 parking spaces below ground.
TFC is the owner of four of the five plots forming Parque Melilla shopping centre, open to the public on November 30, 2017.
With a total built surface of 75,170 m², the total leasable surface of the complex amounts to 35,168 m² (including 5,804 m² of Plot 1).
Plot 2, with a leasable surface of 3,844 m², is a retail box let to Leroy Merlin, the DIY operator.
Plots 3, 4 and 5, with a total leasable surface of 25,520 m², are the base of the retail complex over which Murias Parque Melilla, S.L.U. has a surface right.
Borna is the owner of the cinema box of Plaza Norte 2 shopping centre. This shopping centre, open to the public in 2004, is part of Megapark complex, one of Spain’s biggest retail complex.
Plaza Norte 2 shopping centre is located in San Sebastián de los Reyes, in the outskirts of Madrid.
The retail complex was built in 2002. In 2017, the cinemas were fully refurbished, including the restyling of four screens for VIP audience (“luxury” screens”) and one for children (“junior” screen”).
The asset has a surface of 6,034 m², which host 14 cinema screens with 2,060 seats in total.
• 3,017 m² in the ground floor, including three standard screens and four “luxury” ones.
• 3,017 m² in the first floor, with six standard screens and the “junior” one.
The strategy of Azaria is consolidating as a real estate investment vehicle focus on long term and stable attractive returns derived from seeking long term triple net lease agreements, which would be Azaria’s competitive advantage.
Azaria is seeking for new investment opportunities, which in line with the assets in the current portfolio, could increase the return for investors.
BME Growth
