Last updated: Dec. 17, 2020
Data collected from Azora | Financial data from 2020 except EBITDA & Net earnings that are from December 2019

Azora is one of the largest independent investment managers in Spain specializing on real assets. Founded in 2003, Azora currently has a team of more than 250 multidisciplinary professionals and since inception has raised a total of more than 3.6bn€ of equity from institutional investors, both national and international. Azora manages the complete investment cycle, from acquisition, restructuring, management, repositioning and eventually the sale of the assets. Azora is pioneer in identifying new investment opportunities in untapped markets, while obtaining value from complex situations though a low risk profile with high cash generation and a long-term investment approach, prioritizing profitability and value creation for its investors rather than size.

Azora started its investments in 2004 as the first mover in the rented residential sector in Spain, creating one of the largest purpose-built portfolio in Spain with 6.500 homes, which in 2018 was subject to a full recapitalization replacing all existing shareholders with CBRE and Madison with further equity commitment to continue growing to reach the 10.000 homes goal. In 2011 Azora also became first mover in the student housing segment in Spain, with a build-up which totalled 9,200 beds in Spain and an inhouse operator, which was sold to a consortium of leading institutional investors in 2017 achieving outstanding returns. Further on Azora created Hispania in 2014, becoming once again the first mover in an asset class, on this occasion sun & beach hotels. Hispania became the largest hotel owner in Spain with 46 hotels and more than 13,100 keys. Hispania was bought in 2018 through a take-over bid by Blackstone, achieving a net IRR for its shareholders of +19%.  

Azora focuses on various Investment verticals highlighting its investments in hospitality, PRS, senior homes, real estate debt, logistics, leisure, CRE and renewable energy.

Azora is based in Madrid, Spain with additional offices in Warsaw (Poland).

 

 

 

 

 

Player Type
Assets Managers
Last Quotation
Net earnings
4.997.498€
Main Listed Market
Free Float
%
Number of assets
187
Legal Domicile
Spain
Fernando Gumuzio

Fernando Gumuzio

Founding Partner and Member of the Board

Concha Osácar

Concha Osácar

Founding Partner and Member of the Board

Juan Del Rivero

Juan Del Rivero

Partner and Chairman

José Alonso

José Alonso

Partner

Alfonso Aramendía

Alfonso Aramendía

Investment Director

Javier Arús

Javier Arús

Partner

Javier Camacho

Javier Camacho

Investment Director

Javier Cámara

Javier Cámara

Investment Director

Rocío Carrasco

Rocío Carrasco

Commercial Director of Azzam

Rodrigo Cortés

Rodrigo Cortés

Client Development Director

Llanos Espinosa

Llanos Espinosa

Product Delevelopment Director

Luis Miguel Fernández

Luis Miguel Fernández

Manager of Operations of Azzam

Carlos Fernández de Araoz

Carlos Fernández de Araoz

Partner

Macarena Fernández-España

Macarena Fernández-España

Hotels Operations Director

Mónica Garay Irízar

Mónica Garay Irízar

Partner

Gonzalo García-Lago

Gonzalo García-Lago

Partner

Cristina García-Peri

Cristina García-Peri

Partner

Mar González

Mar González

Financial Director

Juan Miguel Guntín

Juan Miguel Guntín

Business Development Director Azora Energy

Álvaro Hinojosa

Álvaro Hinojosa

Investment Director

Vanessa López

Vanessa López

Manager of Compliance and Risk Management

Antonio López

Antonio López

Financial Director

Tamara Marañón

Tamara Marañón

Manager of Corporate Development

Juan Mata

Juan Mata

Manager of Internal Audit

Juana Miralles

Juana Miralles

Financial Director of Azzam

Santiago Olivares

Santiago Olivares

Partner

Jean-Marc Parnier

Jean-Marc Parnier

Partner

Javier Picón

Javier Picón

Partner

Ana Pijoan

Ana Pijoan

Human Resources Director

Eduardo Rodríguez

Eduardo Rodríguez

Manager of the Technical Department

Javier Rodríguez Heredia

Javier Rodríguez Heredia

Partner

Isabel Troya

Isabel Troya

Manager of Investor Relations and Communication

Martín Valle

Martín Valle

Manager at the Legal Area

María Luisa Vara

María Luisa Vara

General Counsel & Coordinator of the Legal Area

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