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ABOUT Quartiers Properties

Quartiers Properties is a Swedish-owned real estate development company listed on Nasdaq First North in Stockholm. The company’s business is geographically focused on Spain. Quartiers mainly invests in properties aimed at an affluent international target group. 

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OUR Business idea

We create value in the property portfolio through value-enhancing business development in and around the properties.

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Strategy 2023-2025

Focus on hospitality properties including, among others, hotels, restaurants and apartments.

IMPORTANT Milestones

year 2014

The founders, led by Andreas Bonnier, find the abandoned Hacienda del Señorio de Cifuentes complex in Benahavís, a neighbouring municipality to Marbella. The company was founded under the name Flexshare because the initial idea behind the apartment purchase in Benahavís was to develop timeshare accommodation. The company was later renamed to Quartiers Properties, a name that derived from Andreas’ background in France and the fact that the apartment complex is like a neighbourhood in itself. Quartier is the French word for neighbourhood.

benahavis-apartments
Piso-Piloto-Quartier-5

year 2015

Quartiers Properties is acquiring 99 completed apartments, two unfinished buildings and a plot with building rights for 60 new apartments.

The acquisition is financed by a loan from the Spanish bank Banco Popular (now part of Banco Santander) and equity capital raised by the company from the Swedish capital market. This means that the first external investors have joined the company’s list of owners.

year 2016

Quartiers lists its preference shares on NGM Nordic MTF.

The 99 apartments that the company acquired in Hacienda del Señorio de Cifuentes are put into operation for letting. Rentals contribute to cash flow that is then invested in the property to increase the value of the property.

Current CEO, Marcus Johansson Prakt is hired as CFO after previously assisting the company as a financial advisor since 2015.

Hacienda-terrace
nasdaq

year 2017

The property Centro Forestal Sueco, located on the so-called golden mile in Marbella is acquired. It is on part of this property that Boho Club has developed and currently operates. To finance the acquisition, the company carries out a new issue of ordinary shares. The ordinary shares as well as the preference shares are then listed on Nasdaq First North in Stockholm.

year 2018

The company completes the two unfinished buildings it acquired in 2015 and successfully sells them.

The current CEO is appointed, having previously been CFO of the company since 2016.

Bank financing is obtained from Banco Sabadell for part of the renovation of what is now the Boho Club. Renovation and business development begins.

The company expands its land ownership in connection with Centro Forestal by purchasing an additional 3,800 square metres of land for future hotel development.

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Boho-restaurant

year 2019

The company extends financing for the renovation of Boho Club as planned via two new loans with the Spanish investment bank Arcano Partners and the investment fund Frux Capital. The renovation is completed.

The Boho Club restaurant will open in early September and the hotel will open on 15 December.

year 2020

The company starts the year with final negotiations with a major Spanish bank to refinance the loans taken to finance the renovation. When the Covid-19 pandemic hits with full force, this financing is cancelled.

The company manages to quickly adapt its operations, cut costs and find a solution to finance the loans anyway, plus cash flow for the foreseeable future. The solution is another loan with a US asset manager, DeShaw.

Boho-hotel
pool2

year 2021

Quartiers manages to manoeuvre the business well despite the continuing pandemic and frequent closures.

Despite all the challenges, Boho Club is named Spain’s best luxury hotel by the Spain Luxury Hotel Awards.

year 2022

The D.E.Shaw loan is refinanced with a more competitive Alantra loan of EUR 18.5 million.

29 apartments are sold during the year and operations begin the process of normalisation.

The company breaks the 200 million barrier in turnover measured in Swedish kronor.

Forestal-residential

IMPORTANT Milestones

year 2014

The founders, led by Andreas Bonnier, find the abandoned Hacienda del Señorio de Cifuentes complex in Benahavís, a neighbouring municipality to Marbella. The company was founded under the name Flexshare because the initial idea behind the apartment purchase in Benahavís was to develop timeshare accommodation. The company was later renamed to Quartiers Properties, a name that derived from Andreas’ background in France and the fact that the apartment complex is like a neighbourhood in itself. Quartier is the French word for neighbourhood.

benahavis-apartments

year 2015

Quartiers Properties is acquiring 99 completed apartments, two unfinished buildings and a plot with building rights for 60 new apartments.

The acquisition is financed by a loan from the Spanish bank Banco Popular (now part of Banco Santander) and equity capital raised by the company from the Swedish capital market. This means that the first external investors have joined the company’s list of owners.

Piso-Piloto-Quartier-5

year 2016

Quartiers lists its preference shares on NGM Nordic MTF.

The 99 apartments that the company acquired in Hacienda del Señorio de Cifuentes are put into operation for letting. Rentals contribute to cash flow that is then invested in the property to increase the value of the property.

Current CEO, Marcus Johansson Prakt is hired as CFO after previously assisting the company as a financial advisor since 2015.

Hacienda-terrace

year 2017

The property Centro Forestal Sueco, located on the so-called golden mile in Marbella is acquired. It is on part of this property that Boho Club has developed and currently operates. To finance the acquisition, the company carries out a new issue of ordinary shares. The ordinary shares as well as the preference shares are then listed on Nasdaq First North in Stockholm.

nasdaq

year 2018

The company completes the two unfinished buildings it acquired in 2015 and successfully sells them.

The current CEO is appointed, having previously been CFO of the company since 2016.

Bank financing is obtained from Banco Sabadell for part of the renovation of what is now the Boho Club. Renovation and business development begins.

The company expands its land ownership in connection with Centro Forestal by purchasing an additional 3,800 square metres of land for future hotel development.

fylhsqzmqx2ptljuz2hw

year 2019

The company extends financing for the renovation of Boho Club as planned via two new loans with the Spanish investment bank Arcano Partners and the investment fund Frux Capital. The renovation is completed.

The Boho Club restaurant will open in early September and the hotel will open on 15 December.

Boho-restaurant

year 2020

The company starts the year with final negotiations with a major Spanish bank to refinance the loans taken to finance the renovation. When the Covid-19 pandemic hits with full force, this financing is cancelled.

The company manages to quickly adapt its operations, cut costs and find a solution to finance the loans anyway, plus cash flow for the foreseeable future. The solution is another loan with a US asset manager, DeShaw.

Boho-hotel

year 2021

Quartiers manages to manoeuvre the business well despite the continuing pandemic and frequent closures.

Despite all the challenges, Boho Club is named Spain’s best luxury hotel by [See quarterly reports for source].

pool2

year 2022

The D.E.Shaw loan is refinanced with a more competitive Alantra loan of EUR 18.5 million.

29 apartments are sold during the year and operations begin the process of normalisation.

The company breaks the 200 million barrier in turnover measured in Swedish kronor.

Forestal-residential

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QUARTIERS MARBELLA APARTMENTS
QUARTIERS MARBELLA APARTMENTS