Sonae Sierra and Bankinter created ORES Socimi in December 2016 and raised €196.6 million of equity capital. In February 2017, ORES Socimi was successfully listed on the Mercado Alternativo Bursátil (Alternative Stock Market) in Spain.
ORES Socimi provides investors with direct access to a professionally managed, yield-oriented real estate investment vehicle built on a diversified portfolio of high quality assets.
The strategy of ORES Socimi is focused on acquiring and managing retail real estate assets in strong locations across the Iberian Peninsula, with first class tenants and long-term contracts.
Sonae Sierra acts as an anchor investor and provides a full scope of investment management services to the vehicle.