Olimpo Real Estate SOCIMI | REIT Profile

Symbol: YORE
Exchange: BME
Founded: 2012 (12 years)
HQ: Madrid, Spain
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Retail

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The company has its shares incorporated for trading on the Spanish Mercado Alternativo Bursátil (Alternative Investment Market) and is a Spanish public limited company operating under the special SOCIMI (real estate investment trust) tax regime (11/2009 Act of 26th October, modified by the 16/2012 Act). The objective of ORES Socimi is to acquire commercial real estate assets with long-term growth potential in the Spanish and Portuguese markets. Sonae Sierra will be the real estate administrator of the Socimi, with over 25 years' experience in the field. The company is responsible for 81 shopping centres with a total GLA of 2.3 million m2, 45 of which are owned by them, with a value of 6 billion euros. They also have an established platform and local teams, both in Spain and Portugal. The main objective of ORES Socimi is to generate value for its clients through the long-term management of commercial real estate assets, using the knowledge and experience of its administrators Bankinter and Sonae Sierra.