Azaria Rental SOCIMI, S.A. is a Company created in November 2016 that currently holds 100% of the shares of Bifur Investments S.L.U., owner of the industrial and office real estate complex located in Madrid, calle Miguel Yuste 40, fully let to El País newspaper (PRISA Group) as its global headquarters. El País is the leading newspaper in Spanish world wise. The lease agreement with El País is mandatory until 2033 under a triple net rent basis for Azaria.
Miguel Yuste 40 is a complex of five buildings (offices and industrial) with a total surface of 46,481 m² (12,345 m² below ground and 34,136 m² above ground). The complex has 345 parking spaces below ground.
The strategy of Azaria is consolidating as a real estate investment vehicle focus on long term and stable attractive returns derived from seeking long term triple net lease agreements, which would be Azaria’s competitive advantage.
Azaria is seeking for new investment opportunities, which in line with the assets in the current portfolio, could increase the return for investors.