Summary Malaga building 5 - Spanska Fastighetsfonden · Marques de Larios in Málaga city. This area is regarded as the touristic axis of Malaga city centre with shopping, restaurants,

Cash flowing tourist apartment building in Málaga

Spanska Fastighetsfonden

DisclaimerThese particulars are issued by Spanska Fastighetsfonden on the understanding that any negotiations relating to the property are conducted through them. Whilst every care is taken in preparing them, Spanska Fastighetsfonden for themselves and for the vendor/lessor whose agents they are, give notice that:- (i) the particulars are set out as a general outline for guiding potential purchasers/tenants and do not constitute any part of an offer or contract, (ii) any representation including descriptions, dimensions, references to condition, permissions or licenses for uses or occupation, access or any other details are given in good faith and are believed to be correct, but any intending purchaser or tenant should not rely on them as statements or representations of fact but must satisfy themselves (at their own expense) as to their correctness, (iii) neither Spanska Fastighetsfonden, nor any of their employees have any authority to make any or give any representation or warranty in relation to the property. Note: All plans and photographs are for identification purposes only. Subject to contract. July 2018. | Spanska Fastighetsfonden S.L. | www.spanskafastighetsfonden.com | [email protected] | Phone: +46 8-5592 28 37


Following a brief investment summary of one of our properties for sale in Spain. We are instructed to seek offers forour client’s interest. For more information regarding this property or to receive the full brochure, please provide uswith a signed letter of intent. Upon receiving your letter of intent we will send you the full version of the brochure.Furthermore, a Purchasers Pack has been produced for prospective purchasers to review due diligence relating tothe property on completion of a non-disclosure agreement with the seller.

€13.5m

Reference SFF-MAL5

INVESTMENT SUMMARY

Sqm The building have an GEA of approx. 2,330 sqm.

Asking price

Deal type

Property type Residential, tourist apartments

Investment with existing client base and online presence

| Spanska Fastighetsfonden S.L. | www.spanskafastighetsfonden.com | [email protected] | Phone: +46 8-5592 28 37

Location Centro histórico in Málaga, Costa del Sol, Spain

Strategy Core

Condition of the property One existing building, newly renovated, in very good condition. Automatized door entryto building and apartments. 49 apartments in total with reception, back office, locker room, storage rooms, landry room and public toilet for guests.

Floors: 4 Studios: 4Independent access and lift for each floor 1 bedrooms: 39 2 bedrooms: 5 3 bedrooms: 1

Short history of the site

Acquisition costs

Tenure Freehold

Acquisition type

Acquisition costs vary depending on a couple of factors related to the transaction and the use of the property. Potential acquisition costs are transfer tax, VAT, mortgage tax, notary expenses, appraisal-, attorney-, advisor-, loan-, inspection- and insurance fees may apply if this services are contracted by the buyer. Commision to Spanska Fastighetsfonden: €300,000.

As an asset. The property is held within a corporate entity (Spanish S.L.). The vendor will consider offers to purchase 100% of the share capital of the corporate entity that owns the property.

Renovated in 2019. The property occupy a prominent location in Málaga city center, Centro Histórico, in very close proximity to Plaza de la Merced and high street Calle Marques de Larios with it´s shops, bars and restaurants.


The site comprise one buidling on primary location located at Plaza de la Merced and very near High Street Calle Marques de Larios in Málaga city. This area is regarded as the touristic axis of Malaga city centre with shopping, restaurants, bars and renowned museums such as the Picasso Museum, Pablo Picasso Bithplace Museum, Carmen Thyssen Musuem, Museum of Contemporary Art, Centre Pompidou and the Cervantes theatre.

Furthermore, the old city in Málaga, called Centro Histórico in Spanish, is considered to be the heart and center of the city of Málaga. All tourist attractions are reachable with a 5-15 minutes walk from the site.

The current building, renovated in 2019, with its 4 storeys, has been updated to a modern and high quality building suitable for the demanding international traveler. The building has the potential of becoming one of Málagas most profitable tourist apartment buildings.

In its current form, the building consists of 49 apartments, 1-3 bedrooms and some studios. All apartments are equipped with their own kitchen, bathroom, toilet, dining room and living room. Entry to the building and each apartment is automatized and operated remotely. On ground floor there is a reception, back office, locker room, storage rooms, landry room and public toilet for guests.

Tenancy/TitleThe property is sold vacant but with existing client base and online presence.

Existing loansNone

PlanningThe building is not included in the list of Protected Structures.

Purchasers pack/NDAA Purchasers Pack has been produced for prospective purchasers to review due diligence relating to the property on completion of a non-disclosure agreement and a LOI.

INVESTMENT SUMMARY

Description


Spanska FastighetsfondenILLUSTRATIONS



Floor 1

Floor 4

Floor 2

Floor 3


ILLUSTRATIONS


ILLUSTRATIONS Spanska Fastighetsfonden

LOCATION


Málaga is also home to the region's largest bank, Unicaja, and other multinationals such as Fujitsu Spain, Pernod Ricard Spain, Accenture, Epcos, Oracle Corporation, Huawei and San Miguel. The city is the fourth-ranking city in economic activity in Spain behind Madrid, Barcelona and Valencia. Málagas strategic plan is promoted through the campaign "Málaga: Open for Business" and is directed towards the international promotion of the city on all levels but fundamentally on a business level. The campaign places a special emphasis on new technologies as well as innovation and research in order to promote the city as a reference and focal point for many global business initia-tives and projects.

The city hosts the International Association of Science and Technology Parks (IASP) and a group of IT company executives and business leaders has launched an IT-sector initiative, Málaga Valley e-27, which seeks to make Málaga the Silicon Valley of Europe. Nobel prize-winner Bruce Beutler is also planning to set up the biggest muta-genesis research laboratory in the world in Malaga.

The most important business sectors in Málaga are tourism, construction and technology services, but other sectors such as transportation and logistics are beginning to expand. For example, The Andalusia Technology Park (PTA), located in Málaga, has enjoyed significant growth since its inauguration in 1992 and assists Málaga in maintaining its pole position as the main economic and financial centre of southern Spain. In 2018, this high-tech, science and industrial park employed over 16,774 workers.

MálagaMálaga city is the capital of the Province of Málaga, in the Autonomous Community of Andalusia, Spain. With a population of 800 000 in 2018, it is the second-most populous city of Andalusia and the fifth largest in Spain. It is the southernmost largest city in Europe. In addition to Málaga city, there are other well known cities like Marbella, Fuengirola, Benalmadena, Estepona and Nerja.

All these places are extremely popular tourist destinations and this area is together with the Alicante area Spain's largest tourist regions with a long tradition of international tourism from all nationalites around the world. Every year 82 million people visit Spain and spend over 500 million nights, making it the worlds most visited country based on this statistic.


Spanska FastighetsfondenCONNECTIVITY


10 minutes to high-way connection

11 minutes to national railway service

12 minutes to provin-cial bus service

8 minutes walk to Málaga Town Hall

Part of the Costa del Sol Cycle Network Route and Tour of Spain, the worlds third largest bicycle race.

14 minutes walk to the new metro station Atarazanas

located at the street Alameda Principal

1. Málaga Airport 8. Gibralfaro Castle2. Highway connection 9. Picasso Museum and Pablo Picasso Birthplace museum3. High Street 10. The site4. Harbor 11. Plaza de la Merced5. Town hall 12. Carmen Thyssen Museum6. National railway station 13. Centre Pompidou7. Provincial bus station 14. Museum of contemporary art

16 minutes to Málaga Airport (AGP)

9 minutes walk to to High Street Calle Marques de

Larios

2

345

67

11 8

1

910

1213

14

1-15 minutes walk to a dozen of museums and art

galleries

Spanska FastighetsfondenLOCATION COMMENTARY - SPAIN


■ According to studies such as those published by the Harvard Center for International Development, Spain will be the number one in Europe and the fourth in the OECD in terms of GDP growth to 2025 (3.8% annually).

■ Spain is in a leading position in terms of ease of access to international investment. According to the OECD’s FDI Restrictiveness Index, Spain is the 9th most open economy to FDI in the OECD and G20 countries.

■ Spain is the EU's 5th largest economy after Germany, United Kingdom, France and Italy. Spanish economyaccount for almost 10% of EU GDP.

■ Spain's economy has grown five years in a row (2015-2019) and three of these have been at levels above 2%, ie. higher than the EU average and faster than the largest EU countries.

■ Spain is Europe's main destination for sun and golf holidays and has about 500 million sold accomodation nights per year, which is the highest in world. A total of 83 million international visitors arrive in Spain each year (2018), which places Spain on second place in the world after France. Of these 83 million, 20 million arrive at Malaga Airport.

■ Spain is one of Europe's largest property markets and it experienced a sharp decline in property values duringthe financial crisis. This creates good investment opportunities today since there is a very high demand for holiday accommodation combined with the low supply of modern and updated apartments. That means that tourists pay a high price per night for old decor and relatively low standard which in return creates great opportunities for invest-ment groups with a modern and international concept.

■ The Spanish residential property market is still more regulated than most northern and western European property markets. There is no interest deduction and there is a lower loan-to-value ratio (60-70%) for mortgages as well as higher mortgage rates. Furthermore there is shorter amortization periods (25 years) and higher taxes on change of ownership (approx. 10%). Based on this information we forecast that Spain, like other countries, in the long runis going to undergo a deregulation phase. This is when the big value growth will take place on the Spanish residen-tial property market.

■ Three of Europe’s main airports by passenger volumes are located in Spain: Madrid Barajas in 5th place, Barcelo-na El Prat in 6th and Palma de Mallorca in 13th. Both Madrid and Barcelona airports are among the highest- ranking in terms of quality of service, punctuality and passenger experience.

■ Air Transport Association (IATA) has recently chosen Spain, Madrid in particular, as the site of its global opera-tions centre, from which 83% of the world’s air traffic will be controlled.

■ According to the International Congress and Convention Association (ICCA), Spain holds the 5th position world-wide and 4th in Europe in terms of number of international events and participants.

■ An additional factor in Spain’s market attractiveness is its language, its use in business and the potential it offers. Spanish is the second most spoken language as a native (436m) behind only Mandarin worldwide. However it is also second by (i) number of inhabitants, (ii) most studied language, (iii) most used in international communication, and also (iv) content on the internet.

■ Spain has also been the only major Eurozone country to maintain its share of foreign trade during the crisis years.

■ The main U.N. body dealing with trade, investment and development issues, UNCTAD, also highlights that between 2009 and 2016 there were 3,400 greenfield projects, amounting to an average of 420 projects annually. This ranks Spain 5th among its OECD peers and underlines the attractiveness of the Spanish market to foreign investors, even during periods of economic crisis and global uncertainty.


Following a brief investment summary of one of our properties for sale in Spain. We are instructed to seek offers forour client’s interest. For more information regarding this property or to receive the full brochure, please provide uswith a signed letter of intent. Upon receiving your letter of intent we will send you the full version of the brochure.Furthermore, a Purchasers Pack has been produced for prospective purchasers to review due diligence relating tothe property on completion of a non-disclosure agreement with the seller.

Phone +34 627 892 114 / +46 8 5592 28 37

Company Spanska Fastighetsfonden S.L. / B93715324

Email [email protected]

OUR TEAM

TEAM

Daniel Andre

Robin Granqvist

Email: [email protected] office: +46 (8) 5592 28 37Phone mobile: +34 627 892 114

Email: [email protected] office: +46 (8) 5592 28 37Phone mobile: +46 (70) 754 72 54

Website www.spanskafastighetsfonden.com


Documents

Summary Malaga building 5 - Spanska Fastighetsfonden · Marques de Larios in Málaga city. This area is regarded as the touristic axis of Malaga city centre with shopping, restaurants,