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Quartiers secures EUR 18.5 million in financing at a reduced interest rate, freeing up cash flow for growth and allowing resumption of dividends on preference shares

Quartiers Properties AB (publ) (“Quartiers” or “the Company”) has in line with a previously communicated plan, refinanced the loan with DeShaw that the company took out in 2020 in connection with the outbreak of Covid-19 in Europe. The refinancing of the loan removes the obstacles preventing the Company from paying dividends on its preference shares. The new lender is Alteralia Real Estate Debt FI

Quartiers predicts strong housing market on the Costa del Sol and plans launch of 60 new build apartments in 2022

The housing market on the Costa del Sol, and in particular Marbella and the surrounding area, is expected to experience a sharp boost post Covid-19. This is largely due to the acceleration of digital developments being further fuelled by the Coronavirus pandemic, but also factors such as the region’s unique microclimate, schools and world-class healthcare, along with a growing global acceptance an

Boho Club recommended in Michelin Guide

Boho Club has been included as a recommended restaurant in the 2021 Michelin Guide. The recommendation boosts the brand and is expected to attract more guests to both the restaurant and the hotel.

Quartiers acting rapidly on new restrictions

Quartiers, listed on Nasdaq First North in Stockholm, has adapted its operations on the basis of the new restrictions from the Spanish government, and has decided to keep its Boho Club (luxury hotel and restaurant on the Golden Mile in Marbella) facilities and the Quartiers Marbella Apartments hotel open.

Quartiers Properties continues to increase its net asset value per ordinary share

The net asset value of Quartiers Properties, a property company with operations in Spain, continues to rise. The increase compared to year-end 2018 amounts to 11 percent, and the net asset value per ordinary share is now stated at SEK 8.26. The share is thus being traded at a net asset value discount of 48.7 percent, given the closing price on 27 February 2020.

Quartiers Properties appoints new expanded management team

Marcus Johansson Prakt took on the role of permanent CEO of Quartiers Properties earlier in September, and today the company is presenting its new management team. “This management team will allow us every opportunity to continue to grow. It’s a group of extremely experienced and talented individuals who complement one another well,” said Marcus Johansson Prakt, CEO of Quartiers Properties.

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