SPACES that care for PEOPLE
Active Property management
We create value in real estate through active development and management. In addition to real estate ownership, we also operate hotels and restaurants under our own brands.
Our entire business is currently located in Spain and our parent company is listed on Nasdaq First North in Stockholm.
MESSAGE FROM C E O
We are making progress in all areas. Sales are up 66% compared to the same quarter in 2022. EBITDA, adjusted for previous value increases, is positive for the quarter (SEK 6.4 million), despite the macroeconomic challenges of the first quarter. During the quarter, we also generated cash flow of SEK 28.4 million from operations and property sales. According to plan, we also opened ten new bungalows at Boho Club just before Easter, which were also fully booked in the first week. The second quarter has also begun strongly, especially for Boho Club, which from April onwards has outperformed all previous years. This bodes well for the upcoming peak season.
MESSAGE FROM
C E O
We are making progress in all areas. Sales are up 66% compared to the same quarter in 2022. EBITDA, adjusted for previous value increases, is positive for the quarter (SEK 6.4 million), despite the macroeconomic challenges of the first quarter. During the quarter, we also generated cash flow of SEK 28.4 million from operations and property sales. According to plan, we also opened ten new bungalows at Boho Club just before Easter, which were also fully booked in the first week. The second quarter has also begun strongly, especially for Boho Club, which from April onwards has outperformed all previous years. This bodes well for the upcoming peak season.
As apartments in the Hacienda Collection project are being sold, preparation of the launch of the 60 new apartments in the same area is going well. The project was previously known as Ocean View, but was renamed Altura160. In order to price both projects optimally, we estimate that the offering in Hacienda Collection should be reduced by another 10–15 apartments before the launch of Altura160.
Sales and investments in recent years have increased our focus on hotel properties. A second hotel is in the planning stage and will be built next to the Boho Club on the Centro Forestal Sueco property as soon as the municipality gives the go-ahead in the zoning process currently underway. The schedule for this work is currently difficult to estimate, but the process is moving forward.
The fact that we own and operate our properties ourselves has built up a broad and significant expertise in the company. We have chosen to focus on smaller, personal hotel properties in the luxury segment, such as Boho Club, and in this segment we are actively looking for new projects where we can create value. It is a very interesting segment with fewer competitors than traditional property management or development. Correctly implemented, the business area is also very profitable and with the expertise the company possesses today, we intend to invest and grow in this segment in the coming years.
In order to realise this growth, enable future bank/debt financing on attractive terms and take responsibility for the company in a changing world, we continue to focus on constantly improving the business and striving for good profitability and responsible
Marcus Johansson Prakt,
CEO Quartiers Properties
FINANCIAL Calendar
Annual Report
18 May
Annual General Meeting
15 June
Quarterly report for April–June 2023
14 July
Quarterly report for July–September 2023
9 November
Year-end report 2023
22 February 2024
Financial REPORTS 2023
HEADING
2023
Quarterly report Jan – Mar 2023
2022
Annual Report | 2022
Year-end report Quartiers | Jan – Dec 2022
Interim report Jan – Sep 2022
Interim report Jan – June 2022
Quarterly report Jan – Mar 2022
2021
Annual Report | 2021
Year-end report Quartiers | Jan – Dec 2021
Quarterly report July to Sep 2021
Quarterly report April to June 2021
Quarterly report Jan – Mar 2021
2020
Annual Report | 2020
Year-end report Quartiers | Jan – Dec 2020
Interim report Jan – June 2020
2019
Annual Report | 2019
Year-end report Quartiers | Jan – Dec 2019
Interim report Jan – June 2019
2018
Annual Report | 2018
Year-end report Quartiers | Jan – Dec 2018
Interim report Jan – Jun 2018
2017
Annual Report | 2017
Year-end report Quartiers | Jan – Dec 2017
Interim report Jan – June 2017
Initial public offering (IPO)
Quartiers Properties IPO Teaser
Prospectus prepared for the planned listing on Nasdaq First North
Application form – Subscription without preferential right
Special application form
2016
Annual Report | 2016
Year-end report Quartiers | Jan – Dec 2016
Interim Report Q2 | 2016
2015
Annual Report | 2015
Award-winning and exclusive hotel and restaurant project on Marbella’s Golden Mile. The restaurant has been recommended in the Michelin Guide, and the hotel has received several awards for its distinctive design. It also won the award for Spain’s best luxury boutique hotel 2021. The hotel has 40 rooms, with 2–4 beds in each room.
projects For sale
The company’s project portfolio currently consists of various projects in different phases. We sell apartments in Hacienda Collection, which has been in the company’s portfolio since the beginning. In 2023, we will start building Altura 160, an apartment project of 60 apartments.
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Live in Marbella
Boho Club is a luxury boutique hotel in the heart of Marbella.
An elegant resort with a club mentality, offering accommodation where the comforts and accessories of home blend with the service of a luxury boutique.
The perfect stay for families, friends, couples and businesses. We have 4 large swimming pools, including our infinity pool which is heated to 28°C. Stay in our newly refurbished; tastefully decorated apartments, fully equipped and with stunning views of Marbella and the sea.