Real estate development and
value creation in Costa del Sol
WELCOME TO QUARTIERS PROPERTIES
Quartiers Properties is a Swedish-owned real estate development company listed on Nasdaq First North in Stockholm. The company’s business is geographically focused on Spain. Quartiers mainly invests in properties aimed at an affluent international target group.
The company benefits from its Nordic background,
with expertise in design and customer service that generates value in its property portfolio. Its products are created with a focus on a discerning Scandinavian target group, which contributes to the high quality of the projects and ensures an attractiveness that also appeals to numerous nationalities, including the local Spanish population.
In the area of property refinement, the company invests in underperforming properties with the aim of increasing the property’s net operating income and stabilising the property’s cash flow – thus increasing its value. The company also runs an operator business comprising hotel and restaurant management, primarily aimed at supporting the creation of value in the two main segments: property development and property refinement.
Quartiers secures EUR 18.5 million in financing at a reduced interest rate, freeing up cash flow for growth and allowing resumption of dividends on preference shares
Quartiers Properties AB (publ) (“Quartiers” or “the Company”) has in line with a previously communicated plan, refinanced the loan with DeShaw that the company took out in 2020 in connection with the outbreak of Covid-19 in Europe. The refinancing of the loan removes the obstacles preventing the Company from paying dividends on its preference shares. The new lender is Alteralia Real Estate Debt FI
Quartiers predicts strong housing market on the Costa del Sol and plans launch of 60 new build apartments in 2022
The housing market on the Costa del Sol, and in particular Marbella and the surrounding area, is expected to experience a sharp boost post Covid-19. This is largely due to the acceleration of digital developments being further fuelled by the Coronavirus pandemic, but also factors such as the region’s unique microclimate, schools and world-class healthcare, along with a growing global acceptance an
The Boho Club hotel and restaurant concept, established by Quartiers at one of its properties on Marbella’s Golden Mile, has been named Spain’s best luxury boutique hotel by the Spain Luxury Hotel Awards.
Boho Club has been included as a recommended restaurant in the 2021 Michelin Guide. The recommendation boosts the brand and is expected to attract more guests to both the restaurant and the hotel.