INVESTOR Relations
Shares
Shares
Quartiers Properties has two outstanding share types in the form of ordinary shares and preference shares. The ordinary and preference shares in Quartiers Properties have been traded on Stockholm’s Nasdaq First North Growth Market since 21 June 2017. The preference share series was previously traded on NGM Nordic MTF.
The two share types allow opportunities for two separate investment approaches. The preference share generates an annual quarterly dividend, but has a theoretically limited upside as the company is able to redeem the preference shares at a premium.
A direct investment in a property in Spain can in many cases be perceived as complicated and incur significant transaction costs. An investment in Quartiers’ ordinary shares is an opportunity to expose your share portfolio to Spain’s growing property market, and in particular on the Spanish Costa del Sol, which is the location of the company’s existing property portfolio.
Quartiers’ long-term ambition is to consolidate its position in the Spanish property market and it is the only Swedish property company operating in Spain with shares that can be traded on one of the Swedish marketplaces, including the Stockholm Stock Market, NGM Nordic MTF, Aktietorget and Nasdaq First North Growth Market.
Certified Adviser
Mangold Fondkommission AB tel. +46 8-503-015-50
Nasdaq First North Growth Market
Nasdaq First North Growth Market is a registered SME growth market, in accordance with the Directive on Markets in Financial Instruments (EU 2014/65) as implemented in the national legislation of Denmark, Finland and Sweden, operated by an exchange within the Nasdaq group. Issuers on Nasdaq First North Growth Market are not subject to all the same rules as issuers on a regulated main market, as defined in EU legislation (as implemented in national law). Instead they are subject to a less extensive set of rules and regulations adjusted to small growth companies. The risk in investing in an issuer on Nasdaq First North Growth Market may therefore be higher than investing in an issuer on the main market. All issuers with shares admitted to trading on Nasdaq First North Growth Market have a Certified Adviser who monitors that the rules are followed. The respective Nasdaq exchange approves the application for admission to trading.
Shareholders
Shareholders
| # | Shareholders - April 2, 2024 | Ordinary Shares | Preference shares | Capital | Votes |
|---|---|---|---|---|---|
| 1 | House of K Holding Limited | 9,948,127 | 834,478 | 16.73% | 17.19% |
| 2 | Fastighets Aktiebolag Bränneröd | 7,284,000 | 100,000 | 11.45% | 12.50% |
| 3 | Rocet AB | 5,868,922 | - | 9.10% | 10.05% |
| 4 | Egonomics AB | 5,050,000 | - | 7.83% | 8.65% |
| 5 | Bosmac Invest AB | 4,225,065 | - | 6.55% | 7.24% |
| 6 | LMK Stiftelsen | 3,500,000 | 1,054,000 | 7.06% | 6.18% |
| 7 | SIX SIS AG | 3,585,213 | - | 5.56% | 6.14% |
| 8 | Bernt Lundberg Fastigheter Lund AB | 2,426,372 | - | 3.76% | 4.16% |
| 9 | Avanza Pension | 1,966,000 | 658,257 | 4.07% | 3.48% |
| 10 | CS Client Omnibus ACC | 1,451,705 | 10,000 | 2.27% | 2.49% |
| Top 10 | 45,305,404 | 2,656,735 | 74.38% | 78.08% | |
| Other | 12,391,601 | 4,113,133 | 25.62% | 21.92% | |
| Total | 57,697,005 | 6,769,868 | 100.00% | 100.00% | |
FINANCIAL Calendar
Year-end report 2023
22 February
Quarterly report for January – March
16 May
Annual report
15 May
Annual General Meeting
13 June
Quarterly report for April – June
18 July
Quarterly report for July – September
8 November
Year-end report 2024
20 February 2025
Financial REPORTS 2023
Financial reports
2023
Year-end report Quartiers | Jan – Dec 2023
Interim report Jan – Sep 2023
Interim report Jan – June 2023
Quarterly report Jan – Mar 2023
2022
Annual Report | 2022
Year-end report Quartiers | Jan – Dec 2022
Interim report Jan – Sep 2022
Interim report Jan – June 2022
Quarterly report Jan – Mar 2022
2021
Annual Report | 2021
Year-end report Quartiers | Jan – Dec 2021
Quarterly report July to Sep 2021
Quarterly report April to June 2021
Quarterly report Jan – Mar 2021
2020
Annual Report | 2020
Year-end report Quartiers | Jan – Dec 2020
Interim report Jan – June 2020
2019
Annual Report | 2019
Year-end report Quartiers | Jan – Dec 2019
Interim report Jan – June 2019
2018
Annual Report | 2018
Year-end report Quartiers | Jan – Dec 2018
Interim report Jan – Jun 2018
2017
Annual Report | 2017
Year-end report Quartiers | Jan – Dec 2017
Interim report Jan – June 2017
Initial public offering (IPO)
Quartiers Properties IPO Teaser
Prospectus prepared for the planned listing on Nasdaq First North
Application form – Subscription without preferential right
Special application form
2016
Annual Report | 2016
Year-end report Quartiers | Jan – Dec 2016
Interim Report Q2 | 2016
2015
Annual Report | 2015
Corporate goverence
Corporate goverence
2023
Complete proposals for decisions – Annual General Meeting 2023
Proxy form Annual General Meeting 2023
Notice of Annual General Meeting 2023
Proxy Form to Extraordinary General Meeting 2023
Notice of Extraordinary General Meeting 2023
2022
Proxy form Annual General Meeting 2022
Notice of Annual General Meeting 2022
Postal voting form – Annual General Meeting 2022
2021
CEO speech ahead of AGM 2021
Proxy form Annual General Meeting 2021
Notice of Annual General Meeting 2021
Postal voting form – Annual General Meeting 2021
2020
Proxy form Annual General Meeting 2020
Notice of Annual General Meeting 2020
2019
Proxy form Annual General Meeting 2019
Notice of Annual General Meeting 2019
2018
Minutes from Annual General Meeting 2018-06-21
Proxy form Annual General Meeting 2018
Notice of Annual General Meeting 2018
2017
Minutes from the Annual General Meeting 2017
Proxy form Annual General Meeting 2017
Notice of Annual General Meeting 2017
Proxy form to extraordinary general meeting
Notice of Extraordinary General Meeting 2017-01-24
2016
Minutes from the 2016 Annual General Meeting
Corporate goverence
Quartiers Properties AB (publ) is a Swedish public property company, with registered offices in Stockholm, whose shares are listed on Nasdaq First North Growth Market in Stockholm. The external framework for corporate governance is the Swedish Companies Act, the Articles of Association and Nasdaq’s rules for issuers on First North. Prior to the listing on First North, which took place in June 2017, the company complied with NGM Nordic MTF’s rules for issuers. The company complies with internal regulations issued by the Board, the most important of which include the Board’s rules of procedure, the CEO instructions and the company’s inside information policy. The company is not obliged to apply the Swedish Corporate Governance Code.
Principles of corporate governance within Quartiers Properties
Corporate governance within Quartiers Properties aims to support the Board of Directors and management in ensuring that all operations create long-term value for shareholders and other stakeholders.
Governance involves upholding:
- an efficient organisational structure;
- risk management and internal control systems; and
- transparent internal and external reporting.
Shareholders and the Annual General Meeting
Shareholders’ influence in the company is exercised at the Annual General Meeting, which is the company’s highest decision-making body. At the AGM, each shareholder votes by right of the number of votes associated with the share type held. Quartiers Properties has two classes of share: ordinary shares carrying ten votes, and preference shares carrying one vote.
Board of Directors:
The company’s Articles of Association state that the Board of Directors shall comprise a minimum of three and maximum of nine members, including the Chairman. The Board currently consists of four ordinary members, including two members who are independent in relation to both the company and company management, as well as the company’s major shareholders. One member is independent in relation to the company and company management, and one member is independent in relation to the company’s major shareholders. The company’s Board of Directors is elected at the AGM. The election of the Board relates to the period extending up to and including the next AGM. The company does not appoint any special committees for auditing or remuneration issues, as the entire Board is engaged in these matters. The Board shall monitor operations and actively support the development of the company. The Board is composed of individuals with expertise and experience in business development, marketing, property and project development, financing and capital market issues. The Chairman of the Board ensures that the Board performs its duties. The Chairman also monitors operations in consultation with the CEO and is responsible for ensuring that other Board members receive the information required in order to facilitate discussion and decisions of high quality. The Chairman is also responsible for evaluating the work of both the Board and the CEO.
Coroporate information
Corporate information
Redemption of warrants series 4 (TO4)
Redemption of warrants series 3 (TO3)
Investor presentation December 2018
Articles of association Quartiers Properties AB (PUBL)
Information regarding completed share issue of 2019
BOARD OF Directors
CEO SINCE 1 APRIL 2024
BOARD MEMBER SINCE 2019
ANDREAS BONNIER (1972)
Andreas Bonnier is co-founder of Quartiers Properties and has extensive experience as a serial entrepreneur, with a significant career in company building in international environments. He has many years of experience in building and developing companies, particularly in Sweden, Switzerland and France.
OTHER BOARD ASSIGNMENTS:
In addition to his involvement in Quartiers Properties, Andreas is an active board member of a number of other companies and associations, including DKN Stockholm AB, Bostadsföreningen Kornetten nr 7, and Egonomics AB. He has held positions in, among others, Bonniers Familjestiftelse, Nowonomics AB, Aitellu Technologies AB and Tradevenue AB.
Andreas has also previously been a board member of Quartiers Properties during the period 2014 and 2015-2017.
MAIN EDUCATION:
Andreas holds a Bachelor of Business Administration degree and degrees in international business and marketing from Schiller International University in Paris.
HOLDINGS OF SHARES IN THE COMPANY:
Andreas owns a total of 5,090,670 ordinary shares in the Company, of which 5,090,000 via Egonomics AB and 40,670 shares privately.
INDEPENDENT IN RELATION TO:
The company and company management: No
Major shareholders: No
CEO SINCE 1 APRIL 2024
BOARD MEMBER SINCE 2019
ANDREAS BONNIER (1972)
Andreas Bonnier is co-founder of Quartiers Properties and has extensive experience as a serial entrepreneur, with a significant career in company building in international environments. He has many years of experience in building and developing companies, particularly in Sweden, Switzerland and France.
OTHER BOARD ASSIGNMENTS:
In addition to his involvement in Quartiers Properties, Andreas is an active board member of a number of other companies and associations, including DKN Stockholm AB, Bostadsföreningen Kornetten nr 7, and Egonomics AB. He has held positions in, among others, Bonniers Familjestiftelse, Nowonomics AB, Aitellu Technologies AB and Tradevenue AB.
Andreas has also previously been a board member of Quartiers Properties during the period 2014 and 2015-2017.
MAIN EDUCATION:
Andreas holds a Bachelor of Business Administration degree and degrees in international business and marketing from Schiller International University in Paris.
HOLDINGS OF SHARES IN THE COMPANY:
Andreas owns a total of 5,090,670 ordinary shares in the Company, of which 5,090,000 via Egonomics AB and 40,670 shares privately.
INDEPENDENT IN RELATION TO:
The company and company management: No
Major shareholders: No
CHAIRMAN SINCE 2015
Jörgen Cederholm (1961)
Jörgen has more than 25 years of experience in business development in medium and large companies. Jörgen has worked as the Global Information Security Manager at IKEA and has been responsible for leadership and organizational models. In 1987, Jörgen founded the IT company Factum AB, together with a partner and reached annual sales of approximately SEK 150 million and 70 employees. Factum AB was later acquired by the then-listed company Martinsson Informationssystem AB.
OTHER BOARD ASSIGNMENTS (IN SELECTION):
Directly wholly owned, Member of the Board:
• Linnéstaden Förvaltning AB
• Linnéstaden Affärsutveckling AB
• Continium AB
Indirectly co-owned, NOT Board of Directors:
• Rocet AB
Indirectly owned, board member:
• Fastighets AB Bränneröd
• Portvakten Fridhem AB
• Strandängen Bostäder i Bunkelfostrand AB
• Strandängen Bostäder i Trummenäs AB
• Aktiebolaget Uno Bengtsson
• Strandängarna Förvaltning i Skåne AB
• Efficax Förvaltning AB
• Balsam AB
• PortRB AB
• Zantiqo AB
• Öresundsvalvet AB
No ownership, deputy board member:
• Öresundsbyn AB
Board only:
• Bostadsrättsföreningen Guldsmeden i Ängelholm
MAIN EDUCATION:
Jörgen holds an Executive MBA from the School of Economics at the University of Lund.
HOLDING OF SHARES IN THE COMPANY:
6,421,160 ordinary shares and 76,056 preference shares.
Via companies and privately.
INDEPENDENT OF:
Company and company management: yes.
Main shareholders: No
CHAIRMAN SINCE 2015
Jörgen Cederholm (1961)
Jörgen has more than 25 years of experience in business development in medium and large companies. Jörgen has worked as the Global Information Security Manager at IKEA and has been responsible for leadership and organizational models. In 1987, Jörgen founded the IT company Factum AB, together with a partner and reached annual sales of approximately SEK 150 million and 70 employees. Factum AB was later acquired by the then-listed company Martinsson Informationssystem AB.
OTHER BOARD ASSIGNMENTS (IN SELECTION):
Directly wholly owned, Member of the Board:
• Linnéstaden Förvaltning AB
• Linnéstaden Affärsutveckling AB
• Continium AB
Indirectly co-owned, NOT Board of Directors:
• Rocet AB
Indirectly owned, board member:
• Fastighets AB Bränneröd
• Portvakten Fridhem AB
• Strandängen Bostäder i Bunkelfostrand AB
• Strandängen Bostäder i Trummenäs AB
• Aktiebolaget Uno Bengtsson
• Strandängarna Förvaltning i Skåne AB
• Efficax Förvaltning AB
• Balsam AB
• PortRB AB
• Zantiqo AB
• Öresundsvalvet AB
No ownership, deputy board member:
• Öresundsbyn AB
Board only:
• Bostadsrättsföreningen Guldsmeden i Ängelholm
MAIN EDUCATION:
Jörgen holds an Executive MBA from the School of Economics at the University of Lund.
HOLDING OF SHARES IN THE COMPANY:
6,421,160 ordinary shares and 76,056 preference shares.
Via companies and privately.
INDEPENDENT OF:
Company and company management: yes.
Main shareholders: No
STYRELSELEDAMOT SEDAN 2023
Merja Rahkola (1966)
Merja Rahkola is a seasoned entrepreneur and board member with extensive experience in sales, marketing, branding and customer experience in retail, hospitality, franchise, and luxury goods and has won several awards for her outstanding achievements in entrepreneurship, such as the Stevie Award for Female Entrepreneur of the Year and the Stevie Award for Best Consumer Concept of the Year. She was also a finalist for the Ernst & Young Entrepreneur of the Year Award and has been named among the Financial Times 1000 fastest growing companies and RLI’s best F&B concept. In addition, Merja is an honorary judge for the largest business competition in Finland, a judge for the respected international competition Stevie Awards and Best Restaurants in Finland. Currently, Merja works as a business coach and board member by helping companies achieve sustainable growth.
Merja Rahkola owns no shares in the Company.
STYRELSELEDAMOT SEDAN 2023
Merja Rahkola (1966)
Merja Rahkola is a seasoned entrepreneur and board member with extensive experience in sales, marketing, branding and customer experience in retail, hospitality, franchise, and luxury goods and has won several awards for her outstanding achievements in entrepreneurship, such as the Stevie Award for Female Entrepreneur of the Year and the Stevie Award for Best Consumer Concept of the Year. She was also a finalist for the Ernst & Young Entrepreneur of the Year Award and has been named among the Financial Times 1000 fastest growing companies and RLI’s best F&B concept. In addition, Merja is an honorary judge for the largest business competition in Finland, a judge for the respected international competition Stevie Awards and Best Restaurants in Finland. Currently, Merja works as a business coach and board member by helping companies achieve sustainable growth.
Merja Rahkola owns no shares in the Company.
BOARD MEMBER SINCE 2017
Raouf Lotfi (1968)
Raouf Lotfi is a Spanish/Egyptian national with a bachelor’s degree from AUC (American University) in Cairo. He has an impressive background in the hospitality industry with over 30 years of experience and has opened more than 26 different F&B and leisure concepts around the world. Raouf is currently a member of the Board of Directors of the Lustica Bay Town Association and of Bohoclub Marbella, of which he is one of the conceptual creators of the latter. He is also the founder and co-owner of the well-known Besaya Group in Marbella, which he also manages, and which includes well-known concepts such as Finca Besaya, Tikitano, Besaya Beach, Mamzel and Notablu. Currently acting as Chief Leisure and Hospitality Officer for Lustica Bay Montenegro. Raouf has also completed and achieved Full Diplomat at the French Culinary Institute, FCI.
Raouf Lotfi owns no shares in the Company.
BOARD MEMBER SINCE 2017
Raouf Lotfi (1968)
Raouf Lotfi is a Spanish/Egyptian national with a bachelor’s degree from AUC (American University) in Cairo. He has an impressive background in the hospitality industry with over 30 years of experience and has opened more than 26 different F&B and leisure concepts around the world. Raouf is currently a member of the Board of Directors of the Lustica Bay Town Association and of Bohoclub Marbella, of which he is one of the conceptual creators of the latter. He is also the founder and co-owner of the well-known Besaya Group in Marbella, which he also manages, and which includes well-known concepts such as Finca Besaya, Tikitano, Besaya Beach, Mamzel and Notablu. Currently acting as Chief Leisure and Hospitality Officer for Lustica Bay Montenegro. Raouf has also completed and achieved Full Diplomat at the French Culinary Institute, FCI.
Raouf Lotfi owns no shares in the Company.
MANAGEMENT Team
CFO
Carl-Fredrik Morander (1969)
CARL-FREDRIK MORANDER became CFO in 2022 and has main responsibility for the planning, implementation, managing and running of all the finance activities, including business planning, budgeting, forecasting and negotiations.
Carl-Fredrik has more than 30 years of experience in auditing, accounting and process efficiency, including as a partner at the auditing and consulting firm Rödl & Partner. Carl-Fredrik is based in Spain and has been working on the external financial reporting for Quartiers since 2017.
No shares in the company
CFO
Carl-Fredrik Morander (1969)
CARL-FREDRIK MORANDER became CFO in 2022 and has main responsibility for the planning, implementation, managing and running of all the finance activities, including business planning, budgeting, forecasting and negotiations.
Carl-Fredrik has more than 30 years of experience in auditing, accounting and process efficiency, including as a partner at the auditing and consulting firm Rödl & Partner. Carl-Fredrik is based in Spain and has been working on the external financial reporting for Quartiers since 2017.
No shares in the company
HEAD OF BUSINESS SUPPORT
Maria Cepero (1973)
MARIA CEPERO became Head of Business Support 2022 and was previously CFO of the company since 2018. Her main tasks are to support the business through operational and efficiency analysis, as well as implementation and operation of operational support functions. Maria has been an employee of Quartiers since 2018.
Maria has over 20 years of experience in tax, legal and financial aspects and has worked for companies such as Accenture and Symantec. She has also worked for other companies in Costa del Sol; including Xpat Marbella as founding partner, 9 lions residences as CFO and for Uniconta as a consultant.
She is an economist, registered at Malaga Economists Association with a degree in Business & Economic Science by University of Granada, Spain and stays at University of Limerick and Dublin Institute of Technology in Ireland.
No shares in the company
HEAD OF BUSINESS SUPPORT
Maria Cepero (1973)
MARIA CEPERO became Head of Business Support 2022 and was previously CFO of the company since 2018. Her main tasks are to support the business through operational and efficiency analysis, as well as implementation and operation of operational support functions. Maria has been an employee of Quartiers since 2018.
Maria has over 20 years of experience in tax, legal and financial aspects and has worked for companies such as Accenture and Symantec. She has also worked for other companies in Costa del Sol; including Xpat Marbella as founding partner, 9 lions residences as CFO and for Uniconta as a consultant.
She is an economist, registered at Malaga Economists Association with a degree in Business & Economic Science by University of Granada, Spain and stays at University of Limerick and Dublin Institute of Technology in Ireland.
No shares in the company
SENIOR ADVISOR
Lars Åke Olofsson (1956)
LARS ÅKE OLOFSSON became property manager in 2019 and his main tasks are designing and implementing business operations and overseeing the operations of the company. He has no assignments outside Quartiers.
Lars Åke has been living in Benahavis since 1989 and is responsible for the company\’s operations in Spain. Lars Åke has also been responsible for urban planning and infrastructure in the municipality of Benahavis for many years and has a long international career in Skanska, Tailor Woodrow in Spain and Tailor Wimpey. Lars Åke holds a Master of Science from the Chalmers University of Technology in Gothenburg.
No shares in the company
SENIOR ADVISOR
Lars Åke Olofsson (1956)
LARS ÅKE OLOFSSON became property manager in 2019 and his main tasks are designing and implementing business operations and overseeing the operations of the company. He has no assignments outside Quartiers.
Lars Åke has been living in Benahavis since 1989 and is responsible for the company\’s operations in Spain. Lars Åke has also been responsible for urban planning and infrastructure in the municipality of Benahavis for many years and has a long international career in Skanska, Tailor Woodrow in Spain and Tailor Wimpey. Lars Åke holds a Master of Science from the Chalmers University of Technology in Gothenburg.
No shares in the company
IR Director
Antonio Díaz-Barceló (1965)
ANTONIO DÍAZ-BARCELÓ became investor relations director in 2019 and his main tasks are providing company and market information to existing and potential investors, enabling effective two-way communication between a company, the financial community, and other constituencies. He is also a partner with a Madrid based corporate finance firm, ONEtoONE Corporate Finance.
Antonio has over 25 years of experience having managed real estate investments for over 20 billion euro. He has worked as auditor and analyst for companies like Deloitte, ABN AMRO and BBVA in Madrid and London. He has also served as the director of Bankia business at Sareb, director of corporate development and strategy at Acciona and Quabit Inmobiliaria, as a board member of Bestinver SASVB, Marina Port Forum and Rayet Geriatricos and as the president for Georgetown Club of Spain.
He holds an Engineering Degree by Universidad Politécnica de Madrid, a Bachelor in Business Administration by UNED a Master of Business Administration by Georgetown University and Cum Laude Ph.D. by Universidad Politécnica de Madrid.
No shares in the company
IR Director
Antonio Díaz-Barceló (1965)
ANTONIO DÍAZ-BARCELÓ became investor relations director in 2019 and his main tasks are providing company and market information to existing and potential investors, enabling effective two-way communication between a company, the financial community, and other constituencies. He is also a partner with a Madrid based corporate finance firm, ONEtoONE Corporate Finance.
Antonio has over 25 years of experience having managed real estate investments for over 20 billion euro. He has worked as auditor and analyst for companies like Deloitte, ABN AMRO and BBVA in Madrid and London. He has also served as the director of Bankia business at Sareb, director of corporate development and strategy at Acciona and Quabit Inmobiliaria, as a board member of Bestinver SASVB, Marina Port Forum and Rayet Geriatricos and as the president for Georgetown Club of Spain.
He holds an Engineering Degree by Universidad Politécnica de Madrid, a Bachelor in Business Administration by UNED a Master of Business Administration by Georgetown University and Cum Laude Ph.D. by Universidad Politécnica de Madrid.
No shares in the company
Auditors
HENRIK BOMAN
Öhrlings PriceWaterhouseCoopers AB. Since 2015.
NOMINATING COMMITTEE
The nominating committee for the 2023 Annual General Meeting is comprised of Andreas Bonnier (shareholder representative of Egonomics AB) and Mats Lundberg (as representative of Fastighets Aktiebolag Bränneröd and Mats Invest AB). Mats Lundberg is the chairman of the nominating committee.
Press releases
Quartiers Properties’ press releases are always available first in Swedish according to stock market regulations and are thereafter voluntarily translated by the company into English and published on the website. Click here to see Swedish press releases.
Andreas Bonnier appointed new CEO of Quartiers Properties
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Quartiers Properties launches shareholder programme with preferential rates at Boho Club Marbella
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Year-end report Quartiers Properties 2023
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