Quartiers Properties enters into operating and cooperation agreement for a new lifestyle hotel at Centro Forestal Sueco in Marbella
Quartiers Properties AB (publ) has entered into an operating and cooperation agreement regarding the development and operation of a new lifestyle hotel and restaurant on part of the plots known as Centro Forestal Sueco in Marbella. Quartiers will own 50 percent of the new operating company, which is expected to open for business in mid-2019.
Quartiers Properties AB (publ) held its Annual General Meeting for the 2018 operating year on Wednesday 29 May, 2019. The following main decisions were made. Adoption of balance sheet and income statement and distribution of profit relating to preference shares.
Málaga, dubbed the capital of the Costa del Sol, is now high up on the list of places in which to buy a home. It has become a major tourist destination in recent years thanks to its weather, museums, cultural offering and excellent communications.
Quartiers Properties AB (publ) (“Quartiers” or “the company”) has, through its Spanish subsidiary Flexshare España SL, entered into a financing agreement with Strandängen Bostäder i Bunkeflostrand AB (“the lender” or “Strandängen Bostäder”) with regard to financing the construction of Quartiers’ villa project in Marbella, also known as project Amapura.
The shareholders of Quartiers Properties AB (publ), corp. reg. no 556975-7684, are hereby invited to attend the Annual General Meeting on Wednesday 29 May 2019, at 10.00 a.m., at the offices of legal firm Wåhlin AB at Engelbrektsgatan 7, Stockholm, Sweden.
Quartiers is acquiring the Boho Club operating company and securing financing for the completion and opening of the BOHO Club hotel with restaurants in Marbella’s Golden Mile district in 2019.
In conjunction with the acquisition, Raouf Lotfi, who possesses extensive experience from the hotel and restaurant industry both locally and internationally, will remain as the CEO of Boho Club. Following the transaction, Raouf Lotfi will own 20 percent of the Boho Club operating company.
Quartiers Properties AB (publ) (“Quartiers” or “the company”) has today published the company’s year-end report for the 2018 financial year.
Quartiers Properties AB (publ) (“Quartiers” or “the company”) has today been granted permission to carry out changes to the Ocean View project. This will enable the company to make significant improvements to the project and apply a more modern, appealing style compared with the original drawings.
The Board of Quartiers Properties AB (publ) (“Quartiers” or “the company”) has established objectives for each of its property projects. At the same time, it is publishing an investor presentation which the company intends to use at meetings for investors, primarily in Madrid.
Quartiers Properties Chairman Jörgen Cederholm has acquired 152,344 shares in Quartiers via a co-owned company.