Quartiers’ operations comprise the development, sale and management of real estate.
In the Property Development segment this is done by developing carefully designed concepts for villas and apartments, which are then marketed and sold. Quartiers focuses on acquiring underperforming projects with room for creating and unlocking value, turning them into profitable businesses. Value creation can be obtained by implementing adequate management, for instance, by targeting the right market segment for the product or by negotiating with expected changes in regulations which can increase the buildability rights and the renovation of the assets. Some projects are sold, while others are managed and let, which provides the company with cash flow and the opportunity to increase value when the property is either sold or revalued for refinancing on improved loan terms.
Quartiers continues to see good opportunities for acquiring real estate assets at attractive prices in Costa del Sol. The fact that Quartiers is a property developer listed on Nasdaq First North Growth Market is an important competitive advantage, which facilitates a more rapid pace of growth compared with competing property companies in Costa del Sol. The link to the Nordic capital market implies an option to obtain capital in a way that other local developers cannot.
The company’s focus on investment properties aims to develop a stable base, with cash flow-generating and profitable properties, as well as to increase the value of the properties. The company’s primary focus in this segment is holiday apartments such as rental apartments and hotels. One of the reasons for this operational focus is the strength of the tourist industry in the Malaga region, as well as the fact that in times of financial uncertainty, the tourist industry has historically proven more stable than the rest of the Spanish economy.