QPQ gains Catalonian property exposure.

QPQ, has added 7 flats to its portfolio. The properties, which were bought for €768,000, are located in the city of Madrid and in various towns of the Barcelona. All the assets are leased and managed by Alquiler Seguro, S.A.U. and Lloguer Segur, S.A and, according to the REIT, the average gross rent obtained via rental is 6.85% on the purchase price and the acquisition has been carried out using the fund’s own equity.

The locations of the various flats are the following:

Address Location m2
Avd. Institución Libre de Enseñanza 77 9º 3 Madrid 48
Calle Olivera de Sistrells 7 (9) Ático 2 Badalona 89
Avenida Concordia 94 1º 1 Sabadell 72
Paseo de la Marina 244, 2º 1º Esc. B Castelldefels 74
Calle Font 51, 2º 2 Hospitalet de Llobregat 66
Calle Alexander Bell 78, Ático B Terrasa 61
Calle California 26 Terrasa 131

Spanish REIT “Quid Pro Quo Alquiler Seguro SOCIMI, S.A.“ made its debut on the 10th of July and is presided by Gustavo Rossi (President & CEO), along with his partner Antonio Carroza. The main shareholders include former CIO of hedge fund BBVA&Partners, León Bartolomé, as well as board member of Tubos Reunidos, Alfonso Barandiarán. As at close of business on tuesday the 28th, the share price was €1.18, up 18% since IPO.

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