Our strategy for seeking income from retail property, plus the potential for future growth and improvement, rests on the forensic analysis of opportunities followed by the careful development and management of assets. Our portfolio has shown significant Net Operating Income (NOI) improvements since acquisition due to re-merchandising, reconfiguring cost structures, and expansions.
The fast-moving area of student housing real estate is mature in the U.S., the U.K. and parts of Northern Europe, yet is in its infancy in Spain and Portugal. Since entering the market in 2016, we have moved quickly to ensure that we can accommodate the rising demand from students across the globe. Temprano Student Living has almost 2,000 beds under development with a robust pipeline in place for forthcoming opportunities.
Temprano’s platform for prime residential properties in Madrid is Richelieu Developments. It offers new build and comprehensively refurbished properties in the most sought-after districts of the city. Richelieu properties are distinguished by a commitment to the very highest levels of design and quality. In partnership with fund manager Europa Capital Partners, Richelieu has created the MPRP (Madrid Prime Residential Platform).