Description

MILEPRO LOGÍSTICA ÚLTIMA MILLA SOCIMI, S.A. (hereinafter “MilePro” or “the Company”) is a Spanish company whose main objective is to create a real estate portfolio of high quality assets related to the last mile logistics sector. It achieves this objective through active management of the acquired assets, including investment in the improvement and transformation of the assets in order to provide a better quality of service in the growing e-commerce industry.

MilePro is registerered under the Spanish REIT Regime (Sociedad Anónima Cotizada de Inversión Inmobiliara – SOCIMI) and has a Board of Directors, with proven experience, which will oversee the investment and management of the Company.

MilePro is a vehicle externally managed by Azora, a Spanish independent asset manager focused on real estate investments. Azora was founded in 2003, has a team of c.300 professionals and currently manages assets worth over €6.5 billion.

Strategy

MilePro aims to bring together, through its investments and the management of Azora, a portfolio of high quality real estate assets related to the last mile logistics sector in Spain.

When analysing investments, MilePro focuses on those assets whose location, quality and potential create the greatest value for the shareholder through active management of the acquired assets.

The Company’s objective is to generate returns by taking advantage of investment opportunities that may arise in the Spanish real estate market by creating a portfolio of high quality assets capable of generating not only recurring income but, where appropriate, capital gains as a result of future divestments.