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).