The corporate purpose shall consist of performing the following activities:
The acquisition and development of urban properties for lease.
The holding of equity interests in listed companies investing in the property market (“REITs”) or in other non-resident entities in Spain with the same corporate purpose and that operate under a similar regime as that established for REITs with respect to the mandatory profit distribution policy enforced by law or by the bylaws.
The holding of equity interests in other resident or non-resident entities in Spain whose corporate purpose is to acquire urban real estate for subsequent leasing, and which operate under the same regime as that established for REITs with respect to the mandatory profit distribution policy enforced by law or by the bylaws, and which fulfil the investment requirements referred to in Article 3 of Law 11/2009, of 26 October, governing real estate investment trusts (the "REIT Law").
The holding of shares or equity interests in collective real estate investment undertakings regulated by Law 35/2003, of 4 November, on collective investment undertakings, or any law that may replace it in the future.
The conduct of other complementary activities in addition to those mentioned above; these being any that generate income representing less than 20%, taken as a whole, of the Company’s income in each tax period, or any that can be classified as complementary as per prevailing legislation.
The corporate purpose excludes all activities for which the law establishes requirements that cannot be met by the Company.
The activities included in the corporate purpose may be pursued, in whole or in part, indirectly through the ownership of shares in other companies with the same or similar purpose.
On 11t July 2014, the Company acquired the complex
for a total acquisition price of EUR 144,000 thousand
of the hotel project with a total area of
of the car park, comprised of
817 parking spaces
Miguel Liria is a lawyer specialising in commercial and corporate law, mergers and acquisitions and financing projects, among other areas. Between 2002 and 2005, he was a lawyer for Uría Menéndez, where he managed the office in Santiago de Chile and, therefore, he has extensive experience in Latin American issues, managing and coordinating international transactions and administration of Spanish companies.
It is led by Simon Hauxwell, who has more than 35 years of experience in the finance sector having worked at, among others, the Bank of England, Deutsche Bank, Banque Internationale à Luxembourg and Williams & Glyn’s Bank. Simon Hauxwell received his MBA from the University of Chicago Booth School of Business and has completed various specialised business, strategic and risk management programmes at the INSEAD. He is a member of the Chartered Institute of Securities and Investments and the Chartered Institute of Bankers in the UK.
Drago Capital, S.L. is a real estate management and investment platform dedicated to creating appropriate strategic plans for the acquisition of real estate assets. It was founded in 2000 by Luis Iglesias Rodríguez-Viña.
Luis Iglesias begin his career in the real estate investment Department of Merrill Lynch International. He later worked at Morgan Stanley where, among other roles, he held the position of Director General and manager of the acquisitions department of the European Real Estate team at JP Morgan Asset Management and head of acquisitions at Peabody Funds (an investment vehicle co-managed by J.P. Morgan and the O’Connor Group) for the UK and Southern Europe. He holds a degree in Modern History and Economic Science from Oxford University.