Olimpo Real Estate

Company Description

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THE MAIN BUSINESS OF ORES SOCIMI IS THE ACQUISITION AND MANAGEMENT OF COMMERCIAL REAL ESTATE ASSETS IN SPAIN AND PORTUGAL.

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.

Year founded

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2016

Served area

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Europe

Headcount

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51

Shares outstanding

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12,550,000

IPO

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June 24, 2020

Stock exchange(s)

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Euronext Lissabon