ABOUT Quartiers Properties
Quartiers Properties is a Swedish-owned real estate development company listed on Nasdaq First North in Stockholm. The company’s business is geographically focused on Spain. Quartiers mainly invests in properties aimed at an affluent international target group.
Quartiers is the only publicly listed property company in Sweden whose entire business is geographically focused on Spain. The company is active in two main segments: property development and operator activities.
The company draws on its Nordic background, with expertise in design and customer service that generates value in its property portfolio. Its products are created with a focus on a discerning Scandinavian target group. This helps to ensure the high quality of the company’s projects, as well as an attractiveness that also appeals to numerous nationalities, including the local Spanish population.
In property development, the company invests in property projects in the premium segment. The company aims to maintain a well-balanced project portfolio with a continual return and cash flows in the form of realised sales.
Operator activities, which consist of hotel and restaurant management, generate current revenue while contributing to the creation of value in those of the company’s projects in which operational management is an important part of property development.
For example, the Boho Club concept, which the company created, is already in use at one of the company’s properties and is contributing to improved net operating income, resulting in increases in value. The company intends to replicate this model at more properties.
In 2022, revenue from operator activities grew by 38%, despite a general downturn in the tourism market in the autumn, which can be linked to the macroeconomic situation. However, the underlying demand for Marbella as a tourist destination is strong.
During the autumn, we have also seen clear effects of the investments in increased services in the restaurant section implemented in 2022. Combined with the 10 new bungalows that will be incorporated into Boho Club’s hotel operations upon scheduled completion in April 2023, contributing to increased high-margin revenues, we expect continued growth in 2023.

OUR Business idea
We create value in the property portfolio through value-enhancing business development in and around the properties.

Strategy 2023-2025
Focus on hospitality properties including, among others, hotels, restaurants and apartments.
IMPORTANT Milestones
year 2014
The founders, led by Andreas Bonnier, find the abandoned Hacienda del Señorio de Cifuentes complex in Benahavís, a neighbouring municipality to Marbella. The company was founded under the name Flexshare because the initial idea behind the apartment purchase in Benahavís was to develop timeshare accommodation. The company was later renamed to Quartiers Properties, a name that derived from Andreas’ background in France and the fact that the apartment complex is like a neighbourhood in itself. Quartier is the French word for neighbourhood.


year 2015
Quartiers Properties is acquiring 99 completed apartments, two unfinished buildings and a plot with building rights for 60 new apartments.
The acquisition is financed by a loan from the Spanish bank Banco Popular (now part of Banco Santander) and equity capital raised by the company from the Swedish capital market. This means that the first external investors have joined the company’s list of owners.
year 2016
Quartiers lists its preference shares on NGM Nordic MTF.
The 99 apartments that the company acquired in Hacienda del Señorio de Cifuentes are put into operation for letting. Rentals contribute to cash flow that is then invested in the property to increase the value of the property.
Current CEO, Marcus Johansson Prakt is hired as CFO after previously assisting the company as a financial advisor since 2015.


year 2017
The property Centro Forestal Sueco, located on the so-called golden mile in Marbella is acquired. It is on part of this property that Boho Club has developed and currently operates. To finance the acquisition, the company carries out a new issue of ordinary shares. The ordinary shares as well as the preference shares are then listed on Nasdaq First North in Stockholm.
year 2018
The company completes the two unfinished buildings it acquired in 2015 and successfully sells them.
The current CEO is appointed, having previously been CFO of the company since 2016.
Bank financing is obtained from Banco Sabadell for part of the renovation of what is now the Boho Club. Renovation and business development begins.
The company expands its land ownership in connection with Centro Forestal by purchasing an additional 3,800 square metres of land for future hotel development.


year 2019
The company extends financing for the renovation of Boho Club as planned via two new loans with the Spanish investment bank Arcano Partners and the investment fund Frux Capital. The renovation is completed.
The Boho Club restaurant will open in early September and the hotel will open on 15 December.
year 2020
The company starts the year with final negotiations with a major Spanish bank to refinance the loans taken to finance the renovation. When the Covid-19 pandemic hits with full force, this financing is cancelled.
The company manages to quickly adapt its operations, cut costs and find a solution to finance the loans anyway, plus cash flow for the foreseeable future. The solution is another loan with a US asset manager, DeShaw.


year 2021
Quartiers manages to manoeuvre the business well despite the continuing pandemic and frequent closures.
Despite all the challenges, Boho Club is named Spain’s best luxury hotel by the Spain Luxury Hotel Awards.
year 2022
The D.E.Shaw loan is refinanced with a more competitive Alantra loan of EUR 18.5 million.
29 apartments are sold during the year and operations begin the process of normalisation.
The company breaks the 200 million barrier in turnover measured in Swedish kronor.


year 2023
Quartiers is selling the Altura160 project in Benahavís to Taylor Wimpey de España S.A.U (“Taylor Wimpey”) as planned.
The transaction has a value in EUR equivalent to 107.2 MSEK, which marks an important milestone for Quartiers and testifies to the Company’s ability to create and realize value in its projects.
IMPORTANT Milestones
year 2014
The founders, led by Andreas Bonnier, find the abandoned Hacienda del Señorio de Cifuentes complex in Benahavís, a neighbouring municipality to Marbella. The company was founded under the name Flexshare because the initial idea behind the apartment purchase in Benahavís was to develop timeshare accommodation. The company was later renamed to Quartiers Properties, a name that derived from Andreas’ background in France and the fact that the apartment complex is like a neighbourhood in itself. Quartier is the French word for neighbourhood.

year 2015
Quartiers Properties is acquiring 99 completed apartments, two unfinished buildings and a plot with building rights for 60 new apartments.
The acquisition is financed by a loan from the Spanish bank Banco Popular (now part of Banco Santander) and equity capital raised by the company from the Swedish capital market. This means that the first external investors have joined the company’s list of owners.

year 2016
Quartiers lists its preference shares on NGM Nordic MTF.
The 99 apartments that the company acquired in Hacienda del Señorio de Cifuentes are put into operation for letting. Rentals contribute to cash flow that is then invested in the property to increase the value of the property.
Current CEO, Marcus Johansson Prakt is hired as CFO after previously assisting the company as a financial advisor since 2015.

year 2017
The property Centro Forestal Sueco, located on the so-called golden mile in Marbella is acquired. It is on part of this property that Boho Club has developed and currently operates. To finance the acquisition, the company carries out a new issue of ordinary shares. The ordinary shares as well as the preference shares are then listed on Nasdaq First North in Stockholm.

year 2018
The company completes the two unfinished buildings it acquired in 2015 and successfully sells them.
The current CEO is appointed, having previously been CFO of the company since 2016.
Bank financing is obtained from Banco Sabadell for part of the renovation of what is now the Boho Club. Renovation and business development begins.
The company expands its land ownership in connection with Centro Forestal by purchasing an additional 3,800 square metres of land for future hotel development.

year 2019
The company extends financing for the renovation of Boho Club as planned via two new loans with the Spanish investment bank Arcano Partners and the investment fund Frux Capital. The renovation is completed.
The Boho Club restaurant will open in early September and the hotel will open on 15 December.

year 2020
The company starts the year with final negotiations with a major Spanish bank to refinance the loans taken to finance the renovation. When the Covid-19 pandemic hits with full force, this financing is cancelled.
The company manages to quickly adapt its operations, cut costs and find a solution to finance the loans anyway, plus cash flow for the foreseeable future. The solution is another loan with a US asset manager, DeShaw.

year 2021
Quartiers manages to manoeuvre the business well despite the continuing pandemic and frequent closures.
Despite all the challenges, Boho Club is named Spain’s best luxury hotel by [See quarterly reports for source].

year 2022
The D.E.Shaw loan is refinanced with a more competitive Alantra loan of EUR 18.5 million.
29 apartments are sold during the year and operations begin the process of normalisation.
The company breaks the 200 million barrier in turnover measured in Swedish kronor.

year 2023
Quartiers is selling the Altura160 project in Benahavís to Taylor Wimpey de España S.A.U (“Taylor Wimpey”) as planned.
The transaction has a value in EUR equivalent to 107.2 MSEK, which marks an important milestone for Quartiers and testifies to the Company’s ability to create and realize value in its projects.
