With over 75% of its management team accredited by RICS, the Socimi has decided to go one step further in its commitment to excellence, transparency and professional integrity, incorporating into its management model the international RICS regulatory framework and corporate code of conduct. Thereby it agrees to comply with the requirements demanded by the institution, in relation to continuing professional development, procedures and guarantees in terms of its portfolio management.
According to Eduardo Fernández-Cuesta, Chairman of RICS Spain: “The recovery of the Spanish real estate market is underway, and has without a doubt been led by real estate investment companies in these initial years. Axiare Patrimonio, as one of the leading listed companies, decided to become a RICS accredited company, as a necessary step to assure market professionalism and trust”.
Luay Al-Khatib, RICS Director of Regulation in EMEA states: “We are proud to have Axiare Patrimonio Regulated by RICS. It is the first quoted real estate investor in the Iberian Peninsula to achieve such status. Transparency and consistency in real estate sector and construction services are vital to environmental, social and economic welfare”. He also adds: “By choosing to be RICS Regulated, Axiare Patrimonio shows their commitment to RICS' internationally respected professional and technical standards”.
On the other hand, Luis López de Herrera-Oria, CEO of Axiare Patrimonio and honorary RICS member, indicated that “Axiare Patrimonio is the first RICS-regulated real estate company; this landmark in our company's history demonstrates the dedicated commitment of our management team to professional excellence and integrity with regard to the market and our main stakeholders: tenants, collaborators, and especially our investors”.