AI Fund Awards 2018

10 Acquisition International - 2018 International Fund Awards IF180009 Best Real Estate Investment Fund Manager - Spain Azora Capital S.L. Founded in 2003, today Azora has a team of more than 200 multidisciplinary professionals, managing assets worth more than 4,400 million euro. Over the years, Azora has proven its ability to obtain value from complex investments and restructuring transactions, prioritizing profitability and value creation for its investors rather than size and searching opportunities with a low risk profile with high cash generation. Since its inception, Azora has always exceeded in finding unique investment opportunities in untapped markets with certain real estate component. Through this modus operandi the firm has been able to achieve higher returns than that of its peers. Additionally, the firm has always been dedicated to aligning its interests with those of its shareholders´, through its direct investment in the different vehicles and implementing fee structures linked to performance. This value creation is combined with the highest standards of corporate governance and responsible investments which are based on integrity, transparency and excellence. Today, the secret of Azora’s success remains in its human capital, a multidisciplinary team with wide experience in real estate, investment banking, and asset management. More than 200 excellent professionals of diverse profiles and long experience focused on improving themselves daily with absolute dedication. This team has directed Azora to its current leading position. As such, the team benefits from the possibility of participating in a wide variety of transactions within different real estate asset classes widening their knowledge and competences. To provide investors with choice and strong returns, Azora specializes in four asset classes; hotels, offices, residential, and student housing and is present in Spain, Europe and USA. In the hotel segment the firm is the largest hotel owner of Spain with 46 hotels and more than 13,100 keys in the main resort destinations such as the Canary Islands and the Balearic Islands. Outside of Spain, Azora manages a portfolio of urban hotels in the main cities in Europe and US, such as New York, Berlin, or London. In residential, the company is one of the largest residential under rent managers in Spain with more than 11,000 homes throughout the main cities of Spain. In the commercial offices space, the company manages more than 186,000sqm in Madrid and Barcelona distributed in 26 buildings, as well as 100,000sqm in 8 office buildings in the main cities of Poland. Lastly, Azora invested in the student accommodation segment in Spain in 2011, date in which this asset class was considered an unknown asset class in Spain compared with the same market in UK. It was a very complex transaction which included the acquisition of the student accommodation operator, RESA, and 24 student accommodation assets with more than 6,600 beds, which were held within 17 prop-cos, with a wide variety of shareholders including institutional investors and private investors. Azora executed the acquisition of the operator RESA, and the acquisition of the assets was completed through Lazora, closed end fund managed by Azora. After completing the acquisitions Azora carried out the organization of the different prop-cos through various mergers, preparing thus the Student Accommodation platform from which to grow in the coming years Azora is one of the largest independent investment managers in Spain, specializing on real estate assets. We profile the firm to find out more about the range of investment opportunities it has to offer. Company: Azora Capital S.L. Contact: Isabel Troya Address: Calle Serrano 30, Madrid, 28001, Spain Phone: 0034 91 310 63 70