Azora has identified an investment opportunity in real estate assets linked to leisure and entertainment, which is backed by the macro trend of leisure spending growth based on experiences. Azora seeks assets which are not threatened by e-commerce and whose growth is based on experiences.

Under this strategy Azora has acquired the multi-cinema complex of Méndez Álvaro in Madrid which has a 16 movie theatres and a total capacity of 2,756 viewers.

Characteristics of the Assets

• Assets linked to entertainment
• Cinema theatres