In terms of asset segments, the portfolio breakdown is as follows: offices 68%, logistics 19%, and retail 13%. In terms of location, 97% of the portfolio is located in the most consolidated areas of Madrid and Barcelona, in line with the company's investment strategy.

From January to June, the SOCIMI signed a total of 17 new lease agreements and renewals, representing a total gross lettable area (GLA) of 86,595 m. In addition, in July, Axiare Patrimonio leased 2,700 m² of office space and is currently in advanced negotiations to lease 21,500m of office and logistics space.

According to Axiare Patrimonio's CEO, Luis López de Herrera-Oria, 'These results represent an exceptional return due to diligent portfolio management and the meticulous execution of refurbishment projects.' He added, 'We will continue to build a top quality portfolio with a strong financial position.'

The recent acquisitions-an office building in Josefa Valcárcel (Madrid), the Viapark retail park (Almeria), a logistics turnkey project in San Fernando de Henares (Madrid), and an office redevelopment project in Las Tablas (Madrid) - acquired for a total of EUR 92 million - are all high-quality properties with substantial growth potential in terms of value. These four properties were purchased at an average 20% below replacement cost, again demonstrating the company's disciplined investment strategy. In terms of new investments, the SOCIMI currently has a pipeline totalling EUR 400 million in advanced negotiations.

About Axiare Patrimonio:

Axiare Patrimonio is a Spanish company that has been listed on the Madrid Stock Exchange as a SOCIMI (Sociedad Anónima Cotizada de Inversión Inmobiliaria), since July 9, 2014. Its primary activity is the identification of investment opportunities in the Spanish real estate market and the creation of a prime property portfolio with strong potential value uplift that provides an attractive yield for its shareholders.

The Company's value creation strategy is based on the active management of its portfolio, carried out by an expert team solely dedicated to this task - in order to maximise its quality, occupancy and value and transform the properties in to the leading schemes in their catchment area. Axiare Patrimonio's investment activity is focused on the acquisition of Grade A office buildings - or that have the potential to be - in the CBD and the most sought after business districts in Madrid and Barcelona; logistics platforms on Spain's main distribution highways and retail schemes in established areas of the country.

AXIARE Patrimonio is a member of EPRA (European Public Real Estate Association).

For more information, please contact:

Axiare Patrimonio Press Office:
Biel Huguet
Tel: +34 91 576 52 50 / +34 637 88 34 68

Email: bhuguet@estudiodecomunicacion.com

Axiare Patrimonio Investor Relations:
Carmen Boyero-Klossner
Tel: +34 91 431 93 17
Email: investors@axiare.es

Axiare Patrimonio SOCIMI SA published this content on 28 July 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 28 July 2016 11:26:03 UTC.

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