Real estate development and
value creation in Costa del Sol
WELCOME TO QUARTIERS PROPERTIES
Quartiers Properties is a property developer listed in the Nasdaq First North Growth Market in Sweden in 2017. Since its incorporation in 2015, the company has generated significant growth.
Quartiers is a company that is fuelled by an entrepreneurial spirit and is active in two main segments: Value Creation Projects and Development Projects. Both business areas aim to generate value in the current property portfolio in different ways.
In the Development segment this is done by developing carefully designed concepts for villas and apartments, which are then marketed and sold.
The Value Creation segment focuses on transforming underperforming properties in a way that leverages each property’s unique characteristics, to enable a higher valuation when the property is either sold or revalued for refinancing on improved loan terms.
Quartiers, listed on Nasdaq First North in Stockholm, has adapted its operations on the basis of the new restrictions from the Spanish government, and has decided to keep its Boho Club (luxury hotel and restaurant on the Golden Mile in Marbella) facilities and the Quartiers Marbella Apartments hotel open.
The net asset value of Quartiers Properties, a property company with operations in Spain, continues to rise. The increase compared to year-end 2018 amounts to 11 percent, and the net asset value per ordinary share is now stated at SEK 8.26. The share is thus being traded at a net asset value discount of 48.7 percent, given the closing price on 27 February 2020.
Quartiers Properties VD Marcus Johansson Prakt deltog på Aktiedagen i Göteborg den 23 september.
Marcus Johansson Prakt took on the role of permanent CEO of Quartiers Properties earlier in September, and today the company is presenting its new management team. “This management team will allow us every opportunity to continue to grow. It’s a group of extremely experienced and talented individuals who complement one another well,” said Marcus Johansson Prakt, CEO of Quartiers Properties.