Fidere Patrimonio SOCIMI S.A. (YFID)
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Fidere Patrimonio SOCIMI S.A. Profile
| Residential REITs Industry | Real Estate Sector | - CEO | XMAD Exchange | - ISIN |
| Spain Country | - Employees | 7 Jul 2023 Last Dividend | - Last Split | - IPO Date |
Overview
Fidere Patrimonio Socimi, S.A., originating as Rutar Investments, S.A., transformed its identity in July 2013 to better reflect its evolved operations and aspirations. It was established in 2012 with its roots deeply planted in Madrid, Spain, serving as its headquarters. The company heralds itself as a real estate investment trust (REIT) under the auspices of the Spanish Law No. 11/2009, specifically tailored for Real Estate Investment Trusts. This strategic move allows Fidere Patrimonio to leverage the REIT framework for tax benefits and operational efficiencies. The company's strategic alignment and operational activities are further strengthened by its association with The Blackstone Group Inc., under which it operates as a subsidiary. This affiliation extends Fidere Patrimonio's capabilities and resources, embedding it into a global network of real estate investments and expertise.
Products and Services
- Acquisition and Promotion of Urban Real Estate for Leasing
- Participation in Domestic or Foreign Companies
Fidere Patrimonio Socimi, S.A. specializes in identifying and acquiring urban real estate opportunities within bustling metropolitan areas. With a keen focus on Madrid, Barcelona, and Castilla La Mancha, the company invests in properties with high leasing potential. These real estate assets are enhanced and promoted to suit the dynamic needs of urban dwellers, offering a range of residential leasing options that cater to diverse clienteles living in Spain's major cities.
Beyond direct real estate operations, Fidere Patrimonio Socimi, S.A. expands its portfolio by investing in other domestic or foreign companies that echo its core business model—acquiring real estate for leasing. This methodical expansion strategy diversifies its investment portfolio and mitigates risks associated with direct property management. It enables participation in a broader real estate ecosystem, leveraging insights and opportunities across different markets and geographical locations.
