The Azora Group has been a pioneer in the rented residential segment (having started investing in the space in 2003), currently manages various third-party vehicles and is one of the largest investment managers of residential assets in Spain.
In addition to investment management, in the residential segment Azora also provides property management services through Azzam, a fully owned subsidiary. Azzam currently manages more than 14,000 homes on behalf of various vehicles (both managed by Azora but also by third parties), distributed in the main Spanish cities and with a value of close to €2,300 million.
In the residential vehicles advised and / or managed by the Azora Group, the investment strategy includes active property management, as well as various improvement and repositioning initiatives, aimed at generating attractive returns for the vehicles’ investors.
The vehicles managed by the Azora Group focus on investing in affordable rental housing, which has proven to be a successful strategy throughout the different economic cycles.
In its residential strategy, the vehicles advised and / or managed by the Azora Group have completed the retail sale of more than 3,300 units and have renovated more than 2,500 homes, substantially increasing the value of their portfolios accordingly.
- Homes for rent with or without the option to buy.
- Affordable rental prices.
- New homes or completely renovated.
- Careful design, quality materials and integrated into the environment.
- Equipped with services and equipment: swimming pool, gym, paddle and tennis courts, children's area.
Nestar S.I.I., S.A. is a Real Estate Investment Company managed by Azora Gestion, S.G.I.I.C., S.A. with majority third party capital and in which entities and individuals linked to the Azora Group have contributed less than 5% of the capital.
It was the first investment vehicle managed by Azora, created in 2004 alongside Spanish institutional investors.
- Andalusia
- Aragon
- Asturias
- Canary Islands
- Castille and León
- Catalonia
- Madrid
- Valencia
- Galicia
- La Rioja
- Navarre
- Castilla-La Mancha
- Homes for rent with or without option to buy.
- Affordable rental prices.
- Brand new or completely renovated homes.
- Careful design, quality materials and integrated into the environment.
- Equipped with services and facilities:
swimming pool, gymnasium, paddle and tennis courts, children's playground...
If you are a tenant or want to be one,
VISIT THEIR WEBSITE
You will be able to search for housing and solve any doubts you may have.
PORTFOLIO
In July 2019 Azora, together with CBRE GIP, created a joint venture advised by Azora Capital, S.L. in order to acquire two land plots located on the site of the old Vicente Calderón Stadium in Madrid, on which to develop homes for sale.
The plots, which are part of the Nuevo Mahou-Calderón project, have a unique location next to the Manzanares River and within Madrid Rio.
The development will have a total of 373 design homes with high quality finishes from 1 to 4 bedrooms and distributed in two 12-storey buildings.
River Park will offer different services such as: paddle tennis courts, swimming pools, solarium, children's area, gym, and various green areas, among others.
Gestilar is responsible for developing and marketing the project.
- Development of 373 homes.
- Careful design, quality materials and integrated into the environment.
- Equipped with various services and equipment: swimming pool, gym, paddle and tennis courts, children's area.
If you want to know more about this residential development,
VISIT THEIR WEBSITE
DEVELOPMENT
