- Hispania obtains investment grade BBB- credit rating from Standards & Poor's, confirming its leadership as first resort REIT in Europe.
S&P additionally highlights the fact that Hispania benefits from the high stability of its rental contracts with tear one operators, which accumulate an average of 12 years compulsory rental period, as well as from the high fixed component of its rents, which enables cash-flow visibility and stability over the coming years.
Lastly S&P highlights Hispania's dominant market positions in Spain as the largest hotel REIT and in Europe as the largest vacational hotel REIT.
FOR FURTHER INFORMATION: Hispania's Press Room:Noemí Sánchez: noemi@irazustacomunicacion.comNacho Miquel:nacho.miquel@irazustacomunicación.com Phone: +34 91 563 41 79
Hispania's Investor Relations:Isabel Troya: isabeltroya@azora.es
Pilar Vico de Haro: pilarvicodeharo@azora.es Phone: +34 91 310 6370
About HispaniaHispania became listed on the Spanish Stock Exchange on the 14th of March of 2014 and as of today it has raised €1,083 million. Hispania's current portfolio includes more than 209,600 sqm in offices, more than 750 dwellings and more than 10,700 keys.
Hispania's goal is to capture investment opportunities in the Spanish Real Estate markets and creating a portfolio of high quality assets in the residential, hotel and offices sectors.
Hispania is part of the FTSE EPRA / NAREIT Global Real Estate Index, Ibex Mid Cap Index, Euronext IEIF REIT Europe Index and S&P Global Real Estate Index.
In accordance with best corporate governance international practices, Hispania´s Board of Directors, chaired by Rafael Miranda, has a majority of independent Board Members.
Hispania is externally managed by Azora Gestión S.G.I.I.C., S.A., which has granted it total exclusivity for all of its investment deal flow in Spain, except for student housing.
About AzoraGrupo Azora (hereinafter "Azora") is a leading Spanish independent asset manager, founded in 2004 and with more than
€4,100 million of assets under management. Azora manages Hispania through its subsidiary Azora Gestión S.G.I.I.C., S.A., a regulated asset management company under the supervision of the Spanish Stock Exchange regulator (CNMV).
Azora's platform is one of the largest in Spain, with a team close to 400 professionals with extensive experience across the Real Estate value chain, including deal origination, structuring and investment, new developments and repositioning, asset and property management as well as disposal of individual assets or portfolios. Azora is specialized in four assets classes: residential (Azora manages the biggest portfolio under rent in Spain, with 12,391 dwellings), student housing (also managing the biggest portfolio in the country, with 8,530 beds) and the biggest hotel portfolio under rent in Spain, with more than 11,900 rooms.
Hispania Activos Inmobiliarios SA published this content on 08 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 08 March 2017 18:18:06 UTC.
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