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Parque Principado

Oviedo, Spain

Dominant, prime, supra-regional shopping centre.

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Opening

2001

73,000

Gross Leasable Area

115

Shops

Anchor Tenants

Primark, ZARA, Lefties, Cinesa, Mas y Mas, FNAC, H&M, MediaMarkt, Ilusiona

Location

Well-positioned within the outskirts of Oviedo, Asturias

Accessibility

Easy to reach: Facing main transport gateways; strong regional coverage

Catchment

1,000,000 inhabitants

FAIFEY INVEST SOCIMI

General Information

FAIFEY INVEST SOCIMI, S.A., (hereinafter, “FAIFEY”) with Spanish tax identification number (TIN) A-88525563 and LEI 894500HRR6V5GXLJ7716, is a Spanish company incorporated on 12 November 2019 and running under the special tax regime applicable to Spanish listed real estate property investment companies (sociedades cotizadas de inversión en el mercado inmobiliario ‒“SOCIMI” or “SOCIMIs”‒) and registered at Calle Príncipe de Vergara 112, 4º, 28002 Madrid (Spain).

On 25 September 2020, the Company’s General Shareholders Meeting approved the application of the SOCIMI special tax regime established in Law 11/2009[1], of 26 October, on Listed Real Estate Property Investment Companies, as amended by Law 16/2012[2], of 27 December (hereinafter “SOCIMI Law” – referred to as “REIT Act” in the Articles of Association).

The purpose of FAIFEY is the investment in Spanish real estate. Such purpose has been achieved, so far, through the acquisition of 100% of the shares in its currently wholly owned subsidiaries, Asturias Propco Número Uno, S.L.U. (APN1) and Wattenberg Invest, S.L.U (WTB). APN1 owns Parque Principado Asturias, a shopping centre located in Oviedo, Asturias’ Autonomous Community, Spain.

FAIFEY´s main corporate purpose is the performance of the following activities, whether in Spain or abroad:
 

  1. the acquisition and promotion of urban real estate for leasing or the refurbishment of buildings under the terms set out in Law 37/1992, of 28 December, governing Value-added Tax –Ley 37/1992, de 28 de diciembre, del Impuesto sobre el Valor Añadido;

  2. holding equity units in the share capital of other Spanish real estate investment trusts –sociedades cotizadas de inversión en el mercado inmobiliario, SOCIMIs– or in the share capital of other enterprises not resident in Spanish territory that have the same corporate purpose as the foregoing and which are subject to a similar structure as the one established for the aforementioned SOCIMIs with regard to the obligatory, legal or statutory policy on profit share;

  3. holding of equity units in the share capital of other enterprises, whether or not resident on Spanish territory, whose main corporate purpose is the acquisition of urban real estate for leasing and which are subject to the same structure as the one established for SOCIMIs with regard to the obligatory, legal or statutory policy on profit share and who comply with the investment requirement referred to under Article 3 of Law 11/2009, of 26 October, regulating SOCIMIs (the “SOCIMIs Act”);

  4. holding of shares or equity units in Collective Investment Undertakings regulated under Law 35/2003, of 4 November, governing Collective Investment Undertakings, or any regulation that replaces this in the future.

The Euronext Listing Board has granted FAIFEY admission to trading of its ordinary shares on Euronext Access in Paris starting from 30 July 2021.

ADMISSION TO TRADING OF SHARES ON EURONEXT ACCESS PARIS.pdf

[1] Ley 11/2009, de 26 de octubre, por la que se regulan las Sociedades Anónimas Cotizadas de Inversión en el Mercado Inmobiliario.

[2] Ley 16/2012, de 27 de diciembre, por la que se adoptan diversas medidas tributarias dirigidas a la consolidación de las finanzas públicas y al impulso de la actividad económica.

Financial Information

The financial year shall begin on the first day of January and end on the thirty-first day of December of each year. By way of exception, the first financial year shall commence on the day of signature of the public deed of incorporation and end on the thirty-first day of December of the same year.

FAIFEY’s business involves investing in real estate assets in Spain, allocated for long-term leases to obtain revenues and improve values. FAIFEY’s objective is to maximize rental income by exploiting the potential of the assets currently in its portfolio and although the Company is currently not looking for new investment opportunities, the land plots adjacent to the shopping centre represent an opportunity for development in the event there was existing demand for carrying out such investment, and other investments could be analyzed in due course.

FAIFEY INVEST SOCIMI, S.A.

FAIFEY acquired Asturias Propco Número Uno S.L.U, which owns the Parque Principado Asturias, Shopping Centre on 31 January 2020.

Contact

Centro Comercial y de Ocio Parque Principado
Autovía A-66, Km. 4,5 Acceso Santander
33429, Paredes, Lugones, Asturias
Spain

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PEP

Munich, Germany

Leading shopping centre in Munich and among the top shopping centre destinations in Germany.

ECE Real Estate Partners

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