Azora, pioneer in the rented residential segment, has become one of the largest institutional investors in Spain. Through its subsidiary Azzam it manages more than 13.000 residential units within different portfolios distributed throughout the main cities of Spain, with an asset value of close to €2.300 million.

The investment strategy includes an active asset management of the buildings as well as different improvement and repositioning actions, which generate attractive returns for its investors.

Azora specialises in affordable rented residential, which has demonstrated to be a successful strategy throughout the different economic cycles.

In its residential strategy Azora has completed the retail sale of more than 3,300 units and has renovated more than 2,500 homes, increasing substantially the value of the portfolio.

Homes Features:
  • Residential units for rent with or without purchase option.
  • Affordable rental.
  • New homes or completely renovated.
  • Polished design, quality materials and integrated with the environment.
  • Equipped with different services: swimming pool, gym, paddle court, children´s area…






    • If you want to know more,
    LET´S TALK
 

It is the first investment vehicle managed by Azora, created in 2004 alongside Spanish institutional investors. Lazora was created in two tranches to invest in residential for rent and student housing; segment which was later divested in November 2017.

disvestment

Lazora has become one of the largest rental housing companies in Spain.



During the last quarter of 2018 Azora concluded the exit of the original shareholders of the vehicle, replacing them with CBRE GIP and other large international institutional investors, whom not only acquired the existing equity but also compromised additional capital to continue investing in rental housing in Spain.

As of December 2019, Lazora had close to 8,500 residential units under rent distributed throughout more than 96 buildings in Spain.

Lazora is present in 9 communities and 15 Spanish provinces:

- Andalusia
- Aragón
- Asturias
- Canary Islands
- Castilla y León
- Catalonia
- Madrid
- Valencian Community
- Galicia

Homes Features:
  • Residential units for rent with or without purchase option.
  • Affordable rental.
  • New homes or completely renovated.
  • Polished design, quality materials and integrated with the environment.
  • Equipped with different services: swimming pool, gym, paddle court, children´s area…



    • If you are a tenant
    or want to be one,
    VISIT US
    You can search for housing and solve any questions you may have

PORTFOLIO

 

In 2013, Azora and Goldman Sachs created Encasa Cibeles with the objective of acquiring and managing a residential portfolio from the Madrid Housing Institute. Encasa Cibeles invested a total of €200 million in an initial portfolio which included more than 3,000 residential units for rent under public protection.

Encasa Cibeles follows an asset management and retail sale policy. As of December 2019, Encasa had more than 1,700 homes distributed in 31 buildings located in the Community of Madrid.

Homes Features:

  • Residential units for rent with or without purchase option.
  • Affordable rental prices.
  • Polished design, quality materials and integrated with the environment.
  • Equipped with different services:
    swimming pool, gym, paddle court, children’s area...

If you want to know more,

LET´S TALK

PORTFOLIO

 
 

In July 2019 Azora and CBRE GIP acquired two land plots located where the old Football Stadium Vicente Calderon stood in Madrid.

The plots, which are part of the so-called Nuevo Mahou-Calderon project, have a unique location by the River Manzanares side and within Madrid Rio.

The development will have a total of 373 high quality design homes with 1 to 4 bedrooms distributed throughout two buildings with 12 floors.

River Park will offer different services such as paddle court, swimming pools, solarium, kids area, gym and many green areas among others.

Gestilar will be the responsible for the management and commercializacion of the project.





Characteristics of the flats:

  • Development with 373 homes.
  • High quality design and materials integrated within the environment.
  • Equipped with different services: Swimming pools, gym, paddle court, kids area, etcl.



If you want to know more,
VISIT THE WEBSITE

 

DEVELOPMENT