About Quartiers Properties and our projects
About us Quartiers Properties in Brief
Quartiers Properties is a Swedish-owned property company listed on Nasdaq First North in Stockholm. The company’s business is geographically focused on Spain. Quartiers mainly invests in hotels and residential properties aimed at an affluent international target group.
Quartiers is the only publicly listed property company in Sweden whose entire business is geographically focused on Spain. The company is active in two main segments: property refinement and property development. In the area of property development, the company invests in underperforming properties with the aim of increasing the property’s operating income and stabilising the property’s cash flow – thus increasing its value. The property development segment comprises the usual development, marketing and sales of villas and apartments.
The company also runs operator business comprising concierge service and hotel operation, where the principal task is to contribute to the generation of value in the two main segments of property development and property refinement. As this business area continues to grow, a third business area is being created with the potential to operate as a separate sub-group in the future.
The operator business features low capital binding and can, through tenancy agreements with the relevant property company, continue to serve as a incomegenerating activity from an individual property, even in cases where Quartiers has decided to divest itself of the property itself. Alternatively, the operator company for the property in question could be divested and Quartiers could continue as the property owner.
At 31 December 2019, the Group employed 105 people, of whom all were located in Spain and 94 were directly linked to the company’s operator business.
Quartiers has several daughter companies which focus is to provide complementary services and added value to the two main business segments of the group – Value Creation and Real Estate Development. By outsourcing certain tasks to fully and partly owned daughter companies, Quartiers keeps the overhead organization small and focused towards coordination, financing, control and development of the group’s activities.
Quartiers Estates is Quartiers Properties’ sales company
Quartiers Management operates the
Quartiers Apartment Hotel & Resort
Boho Club is Quartiers’ operating company for the hotel and restaurant project in the Golden Mile area of Marbella