ABOUT Quartiers Properties

Quartiers is the only publicly listed property company in Sweden whose entire business is geographically focused on Spain. The company is active in two main segments: property development and operator activities. 

The company draws on its Nordic background, with expertise in design and customer service that generates value in its property portfolio. Its products are created with a focus on a discerning Scandinavian target group. This helps to ensure the high quality of the company’s projects, as well as an attractiveness that also appeals to numerous nationalities, including the local Spanish population. 

In property development, the company invests in property projects in the premium segment. The company aims to maintain a well-balanced project portfolio with a continual return and cash flows in the form of realised sales. 

Operator activities, which consist of hotel and restaurant management, generate current revenue while contributing to the creation of value in those of the company’s projects in which operational management is an important part of property development. 

For example, the Boho Club concept, which the company created, is already in use at one of the company’s properties and is contributing to improved net operating income, resulting in increases in value. The company intends to replicate this model at more properties. 

In 2022, revenue from operator activities grew by 38%, despite a general downturn in the tourism market in the autumn, which can be linked to the macroeconomic situation. However, the underlying demand for Marbella as a tourist destination is strong. 

During the autumn, we have also seen clear effects of the investments in increased services in the restaurant section implemented in 2022. Combined with the 10 new bungalows that will be incorporated into Boho Club’s hotel operations upon scheduled completion in April 2023, contributing to increased high-margin revenues, we expect continued growth in 2023.