Lazora, S.I.I., S.A. is a Real Estate Investment Company managed by Azora Gestion, S.G.I.I.C., S.A. with capital mainly from third parties 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 on behalf of Spanish institutional investors. Lazora was established in two tranches to invest in the residential and student housing segments in Spain. The student housing platform was subsequently divested in November 2017. For more information on the Student Housing portfolio, please refer to section:

disvestment

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



At the end of 2018, at the request of Lazora’s shareholders, Azora initiated a process to allow existing shareholders to exit the vehicle. This led to the replacement of the prior shareholders by CBRE GIP and other foreign institutional investors who, in turn, committed new capital to continue investing in rental housing in Spain.

As of December 2020, Lazora had more than 8,000 rental homes, distributed in 94 buildings throughout Spain.

Lazora has become one of the largest investment platforms dedicated to rental housing in Spain.


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

Characteristics of the properties:
  • Homes for rent with or without the option to buy..
  • Affordable rental prices.
  • Careful design, quality materials and integrated into the environment.
  • Equipped with services and equipment: swimming pool, gym, paddle and tennis courts, children's area.

    If you are a tenant
    or want to be one,
    VISIT THEIR WEBSITE
    You can find a home and solve your doubs

PORTFOLIO

 

In 2013, Azora and Goldman Sachs created EnCasa Cibeles, a joint venture advised by Azora Capital, S.L., with the aim of acquiring and managing a residential portfolio from the Madrid Housing Institute (IVIMA), in Spain.

EnCasa Cibeles invested a total of €200 million in an initial portfolio that included more than 3,000 rental homes under public protection.

EnCasa Cibeles follows a housing management and divestment policy that, as of December 2020, had more than 1,700 homes distributed in 31 buildings located in the Community of Madrid.

Characteristics of the properties:
  • Homes for rent with or without the option to buy..
  • Affordable rental prices.
  • Careful design, quality materials and integrated into the environment.
  • Equipped with services and equipment: swimming pool, gym, paddle and tennis courts, children's area.

PORTFOLIO

 
 
 

DEVELOPMENT