HADLEY INVESTMENTS

 

Hadley Investments SOCIMI, S.A.U was established in 2014 is focused on the acquisition, leasing and management of residential properties in Spain.

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OUR ASSETS

The asset portfolio of Hadley Investments SOCIMI, S.A.U. consists in residential assets for leasing, mainly located in Madrid metropolitan area, well connected to transport hubs, educational and communication facilities. Different type of products to fulfil housing demands of all types of families.

Additionally, the Company is owner of commercial premises sited in Navarra, Canary and Balearic Islands.

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Hadley Investments SOCIMI, S.A.U was established in 2014 is focused on the acquisition, leasing and management of residential properties in Spain.
Hadley’s strategy is based on exploring investment opportunities in the Spanish real estate market, being focused on the acquisition, leasing and management of residential, office and commercial properties in Spain.

Hadley Investments SOCIMI, S.A.U. aims to create value through active asset management of the portfolio.


INVESTORS

 

Significant Events

Selection of leased residential and commercial assets in urban areas with relevant economic growth potential. Hadley counts with a strong financial position, which enables dividends distributions in accordance with the legal requirements established on the SOCIMI regime.

09.12.2019 Acuerdo del Consejo de Administración relativo al reparto de dividendo a cuenta del ejercicio 2019
08.07.2019 Participaciones significativas Junio 2019
26.06.2019 Nombramiento del Presidente del Consejo de Administración
26.06.2019 Acuerdos adoptados en la Junta General Ordinaria de Accionistas celebrada en el día de hoy
26.06.2019 Amortización parcial del préstamo suscrito con el accionista mayoritario
18.06.2019 Acuerdo del Consejo de Administración relativo a la propuesta de acuerdos a adoptar por la Junta General Ordinaria de Accionistas convocada
18.06.2019 Acuerdo del Consejo de Administración relativo a la propuesta de acuerdos a adoptar por la Junta General Ordinaria de Accionistas convocada
28.05.2019 Amortización parcial del préstamo suscrito con el accionista mayoritario
22.05.2019 Convocatoria de Junta General Ordinaria
22.05.2019 Dividendo a cuenta
30.04.2019 Valoración de la cartera de activos a 31 de diciembre de 2018
25.04.2019 Información Financiera 2018
20.02.2019 Acuerdo del Consejo de Administración relativo a la distribución de dividendo
18.02.2019 Amortización parcial del préstamo suscrito con el accionista mayoritario
09.01.2019 Participaciones significativas y de administradores o directivos a 31 de diciembre de 2018
31.12.2018 Acuerdo adoptados por la Junta General Extraordinaria
21.12.2018 Acuerdo Consejo de Administración
13.12.2018 Propuesta de Acuerdos Junta General Extraordinaria de Accionistas
12.04.2018 Acuerdos Junta General Ordinaria Accionistas
11.30.2018 Convocatoria Junta General Extraordinaria de Accionistas
11.13.2018 Cambio de Vice-Secretario del Consejo
30.10.2018 Convocatoria Junta General Extraordinaria de Accionistas
30.10.2018 Información financiera 1er. Semestre 2018
07.09.2018 Participaciones significativas
07.06.2018 Devolución préstamo
05.25.2018 Convocatoria Junta General Ordinaria
05.03.2018 Venta de local comercial en Pamplona
04.26.18 Informe de Auditoría y Cuentas Anuales 2017
02.22.18 Reelección de auditores de cuentas
01.09.18 Participaciones significativas a 31 de diciembre de 2017
12.29.17 Acuerdos adoptados en la Junta General Extraordinaria de Accionistas
11.29.17 Convocatoria Junta General Extraordinaria de Accionistas
10.31.17 Dimisión miembro del Consejo de Administración
06.07.17 Comunicación de las participaciones significativas
06.20.17 Cambio de participación del principal accionista
06.13.17 Pérdida unipersonalidad
07.06.17 Disclosure of relevant shareholders
06.20.17 Change main shareholder participation
06.13.17 Loss of single shareholder
06.07.17 Accepted agreements at the Management Board
05.23.17 Sole shareholder agreements
01.09.17 Relevant stake communication 12.31.2016
11.25.16 Change of liquidity provider
10.21.16 Payment of dividend and share premium
09.05.16 Listing costs
06.30.16 Relevant fact significant part
08.02.16 Change of registre office


Annual Accounts

This section includes details of company’s annual accounts.

Annual Accounts 2018
Annual Accounts 2017
Annual Accounts 2016
Annual Accounts 2015
Annual Accounts 2014

Financial Statements

This section includes interim financial statements.

Financial Statements 1st. Semester 2019
Financial Statements 1st. Semester 2017
Financial Statements 1st. Semester 2016

Presentations

This section includes company’s corporate and financial presentations.

CORPORATE GOVERNANCE

The Board of Directors has a longstanding professional track record in real estate and finance.

INTERNAL CODE OF CONDUCT

ASSETS

Commercial premises in Palma de Mallorca

Commercial premises acquired on 20 June 2014, located in calle General Riera nº 125, Palma de Mallorca, as part of Parque Comercial de Cas Capiscol.

A detached single-level building, rectangular and constituting a commercial unit, with a constructed surface area of 1,780 m2, distributed into various areas. The site not covered by the building is used for

access, gardens and widening of the building, and fifty public parking spaces have been assigned on ground level.

The building is constructed over a portion of land originally belonging to Finca Ca l’Ardiaca, within this municipality, with a surface area of 6,004 m2, joining call del General Riera, Camino de Ca l’Ardiaca and land under the Dual Carriageway. There is no similar asset in the area.

The property has no structural defects.

The Company amortizes its property following a linear amortization method, distributing the asset cost amongst the years of estimated useful life. In this case, a useful life of fifty (50) years is estimated.

Since March 2016, the property is leased by Maisons du Monde (the former tenant, Worten, terminated the lease before its due date in December 2016), a company involved in the sale to the public of decorative

products. It enjoys a 100% occupation rate at the date of this Informative Document.

Business premises and warehouse in La Laguna (Santa Cruz de Tenerife)

Two premises purchased on 20 June 2014, located in “La Laguna Retail Park” real estate complex, Parque Comercial de La Laguna, San Cristóbal de la Laguna, Santa Cruz de Tenerife (Canary Islands).

Both premises are inside an industrial building with no specific activity assigned, constructed on 6 floors (3 of which are below ground). The building joins a Decathlon shop and TF-2 service roads, Avenida

La Libertad and La Rambla de las Chumberas, and is located in an area with high real estate activity.

Both premises are below ground- levels -1 and -2- and have a surface area of 5,893 m2 (commercial premises) and 5,366 m2 (warehouse).

The property has no structural defects.

The Company amortizes its property following a linear amortization method, distributing the asset cost amongst the years of estimated useful life. In this case, a useful life of fifty (50) years is estimated.

At the date of this Informative Document, both premises are leased to Conforama España, a company specialising in the sale of sofas and mattresses. It enjoys a 100% occupation rate.

Surface right in Vallecas (Calle Emblase de “El Vellón” 2-16)

A surface right was acquired on 28 November 2014 over plots A, B, C and D in Unidad de Ejecución 6, Manzana 6.27 del Plan Parcial, Ensanche de Vallecas (Madrid). Land Registry Number 20 in Madrid.

This in rem right entitles the surface right holder to construct or build on ground level and over and below another party’s land, holding provisional ownership of any constructions or buildings executed.

This right may also be incorporated over constructions or buildings already completed or over housing, premises or private components of constructions or buildings; the surface right holder will provisionally enjoy ownership thereof, without prejudice to separate title being held by the landowner.

In this specific case, this surface right was granted for consideration by Instituto de la Vivienda de Madrid (“IVIMA”) [Madrid Housing Institute] over said plots of land, for a twenty (20) year term, as of 19 September 2003 (i.e. until 19 September 2023). Please note that a building is located on this plot of land, constructed by a third party prior to the Company’s purchase, used for housing, with a total surface area of 24,720 m2.

This asset is divided into various housing units, with a total of 245 homes, 4 premises and 248 garage spaces. In 2015, a series of repairs were executed on the roof, structure and installations, amongst others, to guarantee the building’s safety, totalling € 134,000.

At present, it is leased in its entirety to IVIMA.

Surface right Ventilla (Calle Nador 1)

A surface right purchased on 28 November 2014 over plot V.5 of P.E.R.I. (Plan Especial de Reforma Interior) [Special Plan for Interior Renovation] 6.8 in Ventilla, Madrid.

This in rem right entitles the surface right holder to construct or build on ground level and over and below another party’s land, holding provisional ownership of any constructions or buildings executed.

This right may also be incorporated over constructions or buildings already completed or over housing, premises or private components of constructions or buildings; the surface right holder will provisionally enjoy ownership thereof, without prejudice to separate title being held by the landowner.

This surface right, likewise for consideration, has also been granted by IVIMA over said plots of land, for a twenty (20) year term as of 4 February 2002, i.e. until 4 February 2022. A building is located over this plot of land, previously constructed by a third party, for housing use, with a total surface area of 14,580 sqm. Before Hadley acquired the surface right, the beneficiary was Fercaber Construcciones, S.A.

This asset is divided into various housing units, with a total of 110 homes, 2 premises and 110 garage spaces. In 2015 a series of repairs were completed on the roof, amongst others, to guarantee the building’s safety, totalling € 40,000.

It is currently leased in its entirety to IVIMA.