Corona Patrimonial SOCIMI, S.A.U. is a listed real estate investment trust (REIT), The Company’s corporate purpose is the acquisition and development of urban real estate assets for the leasing thereof, by direct assets ownership, through the holding of stakes in the share capital of companies with this prupose or The holding of shares or stakes in Real Estate Collective Investment Institutions.
The Company, via its subsidiaries, has acquired office buildings in Spain at a good point in the cycle, and expects to benefit from the recovery of the property market. The Spanish market is improving in economic terms and seeing a change of cycle; this is reflected in macroeconomic indicators and is a sign of recovery.
The Company has a board of directors comprised of three directors whose areas of professional experience -including participation in processes for the acquisition of assets in Spain and abroad, the management of real estate companies or the implementation and supervision of management platforms in those companies- complement each other.
The Group’s leases are based on the selection of clients with economic solvency that provides security and visibility of long-term income, the aim being to increase the current occupation percentage.
Selection of leased residential assets in areas with high dynamism and economic growth potential. Corona Patrimonial counts with a strong financial position, which enables dividends distributions in line with the SOCIMI regime regulation.
CORONA PATRIMONIAL SOCIMI, S.A. – Internal Rules of Conduct
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The Board of Directors has a longstanding professional track record in real estate and finance.