Urban View Development Spain Socimi SA

Urban View Development Spain Socimi SA

BBME:SCUVS
6.55
EUR
0.00
(0.00%)
No data availableFinancial data will appear here once available

Capital Structure

FRC

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Working Capital

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Growth Rates

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Semi-annual Revenue

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Semi-annual Earnings Per Share

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Semi-annual Dividends Per Share

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Company Description

CEO
Nadav Hamo
Full Time Employees
11
Sector
Finance
Industry
Real estate development
Address
Barcelona Spain
IPO Date
Jan 25, 2019
Business
Urban View Development Spain Socimi SA is a Spain-based real estate investment trust focused on the acquisition, development, refurbishment, management, and leasing of residential and commercial real estate assets. Founded in 2017 and headquartered in Barcelona, Spain, the company operates under the Spanish SOCIMI regime and is listed on the BME Growth exchange under the ticker symbol SCUVS. The company operates primarily across the Spanish domestic market, with a substantial portion of its property portfolio situated in Catalonia, alongside real estate holdings located in Madrid, Valencia, Andalusia, and the Balearic Islands. The company specializes in purchasing distressed and income-generating property portfolios from financial institutions and private sellers, managing long-term and medium-term rental properties targeted at private residential tenants and commercial occupants. Urban View Development Spain Socimi SA categorizes its principal offerings and operations across several core business areas: residential leasing, including the letting of multi-family apartments, urban residential units, and single-family dwellings; commercial property leasing, comprising street-level retail units and ground-floor commercial premises; auxiliary property services, encompassing the leasing and management of underground parking spaces, garages, and private storage units; and comprehensive asset management services, which include property acquisition sourcing, tenant screening and contract administration, property maintenance and renovations, portfolio optimization, rent collection, and strategic asset divestments. In recent corporate developments, the company has implemented significant operational and governance updates to strengthen its portfolio performance and corporate oversight. These actions include key reorganizations within its board of directors and management team with new executive appointments, the relocation and consolidation of its registered corporate headquarters in Barcelona, the strategic refurbishment and re-leasing of select residential properties to enhance portfolio rental yields, and the regular adjustment of its dividend distributions and liquidity management policies to adapt to prevailing macroeconomic conditions and comply with Spanish SOCIMI regulatory distribution mandates.