Real Estate - Madrid, Community of Madrid, Spain
Saint Croix Holding Immobilier SOCIMI, S.A., is a company majority owned by Pryconsa Group, a family real estate company with almost 60 years of experience in the Spanish real estate market. The company is currently based in Madrid and listed in the Luxemburg stock exchange market.Our main activity is the acquisition, active management, operation, and selective rotation of quality real estate assets in the Spanish real estate market.The portfolio, which includes more than 40 real estate assets and 157.364 sqm located in Spain, is valuated at c. 563 million euro (Gross Asset Value as of 31 December 2020) and is distributed into Retail (34,8%), Offices (32,2%), Hotels (25,3%), Logistic (3,5%) and a plot of land for future development (4,2%). The annual rental income of the Company is around 26 Million euro with a high quality of tenants and an occupation rate of 93%. The weighted average unexpired lease term (WAULT) is 7,6 years. The company has a very strong financial situation with a Loan to Value Rate (LTV) of less than 17%. Saint Croix is constantly looking for new acquisitions, majority focused on Core, Core + and Value-Add projects where we have a very good track record and expertise.
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