Tag: Alcaraz brothers

Trajano Iberia Receives Offers of €60M+ For its Manoteras Business Park

2o June 2019 – El Confidencial

The Socimi Trajano Iberia has received several offers amounting to more than €60 million for the Isla de Manoteras Business Park in Madrid that it purchased three years ago for €44.3 million.

The asset, located on Avenida de Manoteras 48, in the Manoteras, Las Tablas and Sanchinarro office district of the Spanish capital, has a leasable surface area of 13,442 m2 and 274 parking spaces.

The Socimi created in 2015, which is managed and promoted by Deutsche Bank and in which the Alcaraz brothers hold a 10.55% stake, is hoping to close the operation at the beginning of July.

Original story: El Confidencial (by E. Sanz)

Translation: Carmel Drake

Goldcar’s Founders’ Socimi Earns €4.4 Million in 2017, Up 45%

27 March 2018

Trajano had a turnover of €18.7 million in 2017, double that in 2016. Its asset portfolio already has a value of 326 million euros.

The Alcaraz brothers’ socimi is on the right track. Trajano Iberia Socimi, managed by the real estate investment division of Deutsche Asset Management, closed 2017 with a net profit of 4.4 million euros, increasing its year-on-year profit by 45%, according to the company’s disclosure to the Alternative Stock Market (MAB).

The Alcaraz brothers, the founders of the Goldcar vehicle leasing company, hold a 10.5% stake in the publicly listed company. The socimi closed last year with a gross operating profit (EBITDA) of 12.6 million euros, twice the amount in 2016.

Trajano’s gross asset value in portfolio (GAV) rose to 326 million euros in 2017, while the net value (NAV) reached 12.5 euros per share, an increase of 25%.

After its acquisition of the Alcalá Magna shopping centre in February of last year, the socimi is one hundred percent invested. The company currently has five “maximum quality” operating assets, with a leasable area of almost 151,000 square meters and an occupancy rate of 98%.

In addition to Alcalá Magna, the company manages the following assets: Parque Logístico Plaza in Zaragoza; the Echevarría building in Bilbao; the Nosso shopping centre in Vila Real, Portugal; and the Isla de Manoteras business park in Madrid.

The company’s net financial debt on the value of its assets amounted to 138.7 million euros at the end of 2017, a figure significantly higher than the 42.1 million euros on December 31, 2016.

Original Story: EjePrime

Translation: Richard Turner

The Alcaraz Brothers Create Six New Property Developers

3 November 2017 – Eje Prime

The family office owned by the brothers Juan and Pedro Alcaraz is growing. The Alicante businessman, founders of the vehicle rental company Goldcar, have left behind their stage in the transport sector, after selling the remaining 20% stake that they still held in their rent-a-car company to invest in real estate. With this business idea in mind, the Alcaraz brothers have created half a dozen new property developer companies, according to the Official Bulletin of the Mercantile Registry (Borme).

The two brothers are adding these six companies to the five that already exist in their Alibuilding company (…). This strategy of creating a property developer for each project is a method that has been used in the past in the Community of Valencia, as was seen in the case of the creation of the Valencian property developer Attikos, by the builder Juan Armiñana.

In the province of Alicante, the family office owned by the Alcaraz brothers, Aligrupo Global Services, is building a luxury urbanisation in Calpe. And it looks like the company is planning to construct another residential development in the same town, according to Valencia Plaza.

The two businessmen currently own several assets in the real estate sector, including a property in the prime area of Velázquez, in Madrid. They also hold a 10.55% stake in the Socimi Trajano Iberia, whose portfolio includes two office buildings, two shopping centres and a logistics platform.

Original story: Eje Prime

Translation: Carmel Drake