Veracruz Properties SOCIMI, S.A. is a publicly-traded limited company that invests and operates commercial real estate assets in the Spanish market. Veracruz Properties Socimi, S.A. focuses on increasing shareholder value by identifying, managing and adding value to its real estate portfolio through a prudent and responsible management philosophy that ensures an attractive offering to visitors of the company's centers.
The company’s business model includes the renovation of its properties, as well as potentially holding shares of other SOCIMIs or other entities not resident in Spanish territory that have the same corporate purpose and are subject to a regime similar to that established for the SOCIMI. It also has the purpose of holding shares or participations of Real Estate Collective Investment Institutions.
The company’s foothold includes assets in several regions of Spain, such as the Valencian Community, Madrid, and Andalucía.
The company aims to benefit from the recovery of the Spanish economy, which is now experiencing a positive shift specially in the commercial real estate sector.
Veracruz Properties Socimi, S.A. maintains a long-term expansion plan that entails diversifying into regions and sectors that support the country’s forecasted economic growth.