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Dear Shareholder,
2015 has been the Company’s first full
financial year since IPO in June 2014. In less
than eighteen months we have succeeded
in consolidating a model of sustained
profitability and of maximum efficiency.
I wish to express my gratitude for
the continued support shown to our
management team during this endeavour.
Today we are the undisputed reference in
the Spanish real estate sector and a key
component in the financial market, essential
to any investment strategy. The acquisition
of Testa was the culmination of the project
we had envisaged for ourselves when we
first debuted on the Stock Exchange. It has
catapulted us to the leadership position
that we now enjoy. Testa was a complex
transaction that demanded a high degree
of creativity. The success of the operation
not only rests on the financial merits of the
offer but, if I may say so openly, to the skill,
method, commitment and the impeccable
execution of our team throughout the whole
process. This milestone transaction signalled
the resurgence of the real estate business
in Spain making it clear that there was new
way of doing things in the real estate arena.
This newfound leadership was recognized
publicly when the Ibex 35 Technical Advisory
Committee decided upon our eligibility
to join the Spanish Stock Market index
in December. We are currently the most
important property group in Spain with rental
assets valued at over 6.000 million euros.
LETTER FROM
THE CHAIRMAN