Serrano 61 Desarrollo Socimi SA
BBME:YSRR19.80
EUR
0.00
(0.00%)
Serrano 61 Desarrollo Socimi SA
BME:YSRR
(Spanish Stock Exchange)
Recent
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19.80
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ratio
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div
yld
- -
ROIC.AI
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- Business
- Serrano 61 Desarrollo SOCIMI, S.A. is a Spain-based real estate investment trust (SOCIMI) engaged in the acquisition, ownership, active asset management, and commercial leasing of prime urban retail and commercial properties. Founded in 2015 and headquartered in Madrid, Spain, the company trades on the BME Growth market under the ticker symbol YSRR and operates with the institutional backing of Banca March and associated private banking co-investors. The company focuses on owning and maximizing the value of high-street commercial real estate in Madrid's prime Salamanca district, centered on its flagship asset, the ABC Serrano commercial complex. Serrano 61 Desarrollo SOCIMI structures its core business operations through comprehensive property and facility leasing solutions, which include: long-term commercial retail unit leasing for domestic and international fashion, beauty, luxury, and lifestyle brands; flexible retail spaces for short-term pop-up shops, brand activations, and promotional showcases; hospitality, food, and beverage (F&B) premises leasing, comprising restaurants, specialty cafes, and rooftop dining terrace venues; sports, health, and wellness facility leasing designed for modern fitness and gym operators; public and private underground parking facility management offering more than 250 vehicular parking bays with automated access control; and comprehensive real estate asset management services, including tenant coordination, lease administration, facility maintenance, and event space commercialization. In recent developments, Serrano 61 Desarrollo SOCIMI has advanced several strategic and operational initiatives to enhance asset performance, optimize tenant mix, and improve operating margins. The company completed a key governance and operational restructuring by concluding its management mandate with former manager IBA Capital Partners to establish a direct, cost-efficient asset management framework. To address shifting retail dynamics, the company has executed an active commercial repositioning strategy at ABC Serrano, integrating rotating pop-up retail operators alongside anchor tenants to drive occupancy rates beyond 95%. Furthermore, the company has implemented modernized management systems across its subterranean parking facilities to increase vehicular turnover and non-rental revenues, while deploying targeted event-driven marketing campaigns and digital promotions to bolster customer footfall and support tenant sales performance.