Ores Group

ORES SOCIMI focuses on the acquisition and management of commercial real estate assets in Spain and Portugal, sponsored and managed by Bankinter and Sonae Sierra.

THE COMPANY

The main business of ORES Socimi is the acquisition and management of commercial real estate assets in Spain and Portugal.

The company has its shares incorporated for trading on the Bolsas y Mercados Españoles (BME) and is a Spanish public limited company operating under the special SOCIMI (real estate investment trust) tax regime (11/2009 Act of 26th October, modified by the 16/2012 Act).

Sonae Sierra will be the real estate manager of the Socimi, having more than 30 years of experience in the field. Sonae Sierra currently manages approximately 140 assets with a value of 6.2 billion euros, and 15 investment vehicles. Sonae Sierra has an established platform and local teams in Europe, Latin America and North Africa, providing services in over 50 countries.

The objective of ORES Socimi is to acquire real estate assets with long-term growth potential in the Portuguese and Spanish markets, to generate value for its clients, using the knowledge and experience of its managers Sonae Sierra and Bankinter.

Background
Information
Financial
Information
Significant Events Until 10/05/2020
General Shareholders Meeting
Other Relevant Information

Information Memorandum of Incorporation at MBA (in spanish)

Internal Rules of Conduct (in spanish)

Bylaws (in spanish)

Annual Accounts 2016 (in spanish)

Financial Information First-Half 2017 (in spanish)

Annual Accounts 2017 (in spanish)

Financial Information First-Half 2018 (in spanish)

Annual Accounts 2018 (in spanish)

Financial Information First-Half 2019 (in spanish)

Annual Accounts 2019 (in spanish)

Financial Information First-Half 2020 (in spanish)

Annual Accounts 2020 (in spanish)

Financial Information First-Half 2021 (in spanish)

Annual Accounts 2021 (in spanish)

Financial Information First-Half 2022 (in spanish)

Annual Accounts 2022 (in spanish)

Financial Information First-Half 2023 (in spanish)

Annual Accounts 2023 (in spanish)

Financial Information First-Half 2024 (in spanish)

Annual Accounts 2024 (in spanish)

Assets Acquisitions (in spanish)

Assets Acquisitions – Complements publication of 23-3-2017 (in spanish)

Degree of Business Plan Compliance (in spanish)

Incorporative Expenditures to the Alternative Stock Market – MAB (in spanish)

Change secretary of the Board of Directors (in spanish)

Audited Annual Accounts 2016 and Organizational Structure, Internal Control System (in spanish)

Acquisition of Media Markt Store – Braga – Potugal (in spanish)

Acquisition of Mercadona supermarket – Oviedo – Spain (in spanish)

Acquisition of Retail Park in Portimão – Portugal (in spanish)

Activity Report (in spanish)

General Shareholder Meeting 2017 (in spanish)

General Shareholder Meeting 2017, 27-6-2017 (in spanish)

Significant Shareholdings 2017-06-30 (in spanish)

Capital Decrease Announcment (in spanish)

Acquisition of an Aldi supermarket in Sanlúcar de Barremeda – Cádiz (in spanish)

Acquisition of a Pingo Doce supermarket in Lisbon (in spanish)

Novación del Contrato de Gestión Administrativa (in spanish)

Acquisition of 4 hypermarkets (in spanish)

Acquisition of Decathlon Berango – Bilbao (in spanish)

Acquisition of 1 hypermarket and 3 supermarkets in Portugal (in spanish)

Activity Report 9M2017 (in spanish)

Degree of Business Plan Compliance (in spanish)

Significant Shareholdings 2017-12-31 (in spanish)

Acquisition of 2 hypermarket, 2 supermarkets and 2 retail units in Portugal (in spanish)

Assets Acquisition – Mercadona Mejorada del Campo (in spanish)

Asset Acquisitions – Financing Explanation (in spanish)

Activity Report 12M2017 (in spanish)

Degree of Business Plan Compliance – March 2018 (in spanish)

Financing – Long-term loan (in spanish)

Assets Acquisitions – Tim Hortons in Madrid (in spanish)

Assets Acquisitions – Mango in León (in spanish)

Assets Acquisitions – 4 asset in Vigo, Vitoria, Pamplona and Mallorca (in spanish)

Activity Report first 18 months (in spanish)

Distribution and calendar of dividend payment (in spanish)

Dividend Payment 2018 (in spanish)

General Shareholder Meeting Agreements 2018 (in spanish)

Significant Shareholdings 2018/06/30 (in spanish)

Acquisition Retail Park “Milenium” in Majadahonda (in spanish)

Activity Report first 21 months (in spanish)

Degree of Business Plan Compliance – Octubre 2018 (in spanish)

Financing – Long-term loan (in spanish)

Asset Acquisition in Santander (in spanish)

Assets Acquisitions in Humanes de Madrid y Getafe (in spanish)

Payment agreement of dividend on the result account of the financial year 2018 (in spanish)

Asset Acquisition in Vigo (in spanish)

Significant Shareholdings 2018/12/31 (in spanish)

Activity Report – to 2018/12/31 (in spanish)

Degree of Business Plan Compliance – March 2019 (in spanish)

Assets Value – december 2018 (in spanish)

General Shareholder Meeting 2019 (in spanish)

Asset Acquisition in Burgos (in spanish)

Activity Report – to 2019/03/31 (in spanish)

Asset Acquisition in Granada (in spanish)

General Shareholder Meeting Agreements 2018 (in spanish)

Dividend Payment 2018 (in spanish)

Asset Acquisition in San Sebastián (in spanish)

Significant Shareholdings 2019/06/30 (in spanish)

Activity Report to 2019/06/30 (in spanish)

Dividend Payment 2019 (in spanish)

Activity Report to 2019/09/30 (in spanish)

Significant Shareholdings 2019/12/31 (in spanish)

Activity Report to 2019/12/31 (in spanish)

Activity Report to 2020/03/31 (in spanish)

All
2017
2018
2019
2020
2021
2022
2023
2024
2025

General Shareholder Meeting 2017 (in spanish)

General shareholders meeting agreements, 27-6-2017 (in spanish)

Capital Decrease Announcment (in spanish)

General Shareholder Meeting 2018 – Announcement (in spanish)

General Shareholder Meeting 2018 – Annual report on directors remuneration (in spanish)

General Shareholder Meeting 2018 – Report on capital increase delegation (in spanish)

General Shareholder Meeting 2018 – Statutory modification report (in spanish)

General Shareholder Meeting 2018 – Card model (in spanish)

General Shareholder Meeting 2018 – Remuneration policy (in spanish)

General Shareholder Meeting 2018 – Proposals of agreement (in spanish)

General Shareholder Meeting 2019 – Announcement (in spanish)

General Shareholder Meeting 2019 – Attendance, delegation and absentee ballots instructions (in spanish)

General Shareholder Meeting 2019 – Card model (in spanish)

General Shareholder Meeting 2019 – Remuneration policy (in spanish)

General Shareholder Meeting 2019 – Proposals of agreement (in spanish)

General Shareholder Meeting 2020 – Announcement (in spanish)

General Shareholder Meeting 2020 – Proposals of agreement (in spanish)

General Shareholder Meeting 2020 – Card model (in spanish)

General Shareholder Meeting 2020 – Attendance, delegation and absentee ballots instructions (in spanish)

General Shareholder Meeting 2020 – Remuneration policy (in spanish)

General Shareholder Meeting 2021 – Announcement (in spanish)

General Shareholder Meeting 2021 – Proposals of agreement and Reporting (in spanish)

General Shareholder Meeting 2021 – Card model (in spanish)

General Shareholder Meeting 2021 – Attendance, delegation and absentee ballots instructions (in spanish)

General Shareholder Meeting 2021 – Remuneration policy (in spanish)

General Shareholder Meeting 2022 – Announcement (in spanish)

General Shareholder Meeting 2022 – Proposals of agreement and Reporting (in spanish)

General Shareholder Meeting 2022 – Card model (in spanish)

General Shareholder Meeting 2022 – Attendance, delegation and absentee ballots instructions (in spanish)

General Shareholder Meeting 2022 – Remuneration policy (in spanish)

General Shareholder Meeting 2023 – Announcement (in spanish)

General Shareholder Meeting 2023 – Card model (in spanish)

General Shareholder Meeting 2023 – Attendance, delegation and absentee ballots instructions (in spanish)

General Shareholder Meeting 2023 – Proposals of agreement (in spanish)

General Shareholder Meeting 2023 – Proposal application of result (in spanish)

General Shareholder Meeting 2023 – Remuneration policy (in spanish)

General Shareholder Meeting 2024 – Announcement (in spanish)

General Shareholder Meeting 2024 – Card model (in spanish)

General Shareholder Meeting 2024 – Attendance, delegation and absentee ballots instructions (in spanish)

General Shareholder Meeting 2024 – Proposals of agreement (in spanish)

General Shareholder Meeting 2024 – Proposal application of result (in spanish)

General Shareholder Meeting 2024 – Remuneration policy (in spanish)

General Shareholder Meeting 2024 – Informative document about the value enhancement strategy (in spanish)

General Shareholder Meeting 2025 – Announcement (in spanish)

General Shareholder Meeting 2025 – Attendance, delegation and absentee ballots instructions (in spanish)

General Shareholder Meeting 2025 – Card model (in spanish)

General Shareholder Meeting 2025 – Proposals of agreement (in spanish)

General Shareholder Meeting 2025 – Remuneration policy (in spanish)

General Shareholder Meeting 2025 – Proposal application of result (in spanish)

General Shareholder Meeting 2025 – Informative document about the value enhancement strategy (in spanish)

General Shareholder Meeting 2017 (in spanish)

General shareholders meeting agreements, 27-6-2017 (in spanish)

Capital Decrease Announcment (in spanish)

General Shareholder Meeting 2018 – Announcement (in spanish)

General Shareholder Meeting 2018 – Annual report on directors remuneration (in spanish)

General Shareholder Meeting 2018 – Report on capital increase delegation (in spanish)

General Shareholder Meeting 2018 – Statutory modification report (in spanish)

General Shareholder Meeting 2018 – Card model (in spanish)

General Shareholder Meeting 2018 – Remuneration policy (in spanish)

General Shareholder Meeting 2018 – Proposals of agreement (in spanish)

General Shareholder Meeting 2019 – Announcement (in spanish)

General Shareholder Meeting 2019 – Attendance, delegation and absentee ballots instructions (in spanish)

General Shareholder Meeting 2019 – Card model (in spanish)

General Shareholder Meeting 2019 – Remuneration policy (in spanish)

General Shareholder Meeting 2019 – Proposals of agreement (in spanish)

General Shareholder Meeting 2020 – Announcement (in spanish)

General Shareholder Meeting 2020 – Proposals of agreement (in spanish)

General Shareholder Meeting 2020 – Card model (in spanish)

General Shareholder Meeting 2020 – Attendance, delegation and absentee ballots instructions (in spanish)

General Shareholder Meeting 2020 – Remuneration policy (in spanish)

General Shareholder Meeting 2021 – Announcement (in spanish)

General Shareholder Meeting 2021 – Proposals of agreement and Reporting (in spanish)

General Shareholder Meeting 2021 – Card model (in spanish)

General Shareholder Meeting 2021 – Attendance, delegation and absentee ballots instructions (in spanish)

General Shareholder Meeting 2021 – Remuneration policy (in spanish)

General Shareholder Meeting 2022 – Announcement (in spanish)

General Shareholder Meeting 2022 – Proposals of agreement and Reporting (in spanish)

General Shareholder Meeting 2022 – Card model (in spanish)

General Shareholder Meeting 2022 – Attendance, delegation and absentee ballots instructions (in spanish)

General Shareholder Meeting 2022 – Remuneration policy (in spanish)

General Shareholder Meeting 2023 – Announcement (in spanish)

General Shareholder Meeting 2023 – Card model (in spanish)

General Shareholder Meeting 2023 – Attendance, delegation and absentee ballots instructions (in spanish)

General Shareholder Meeting 2023 – Proposals of agreement (in spanish)

General Shareholder Meeting 2023 – Proposal application of result (in spanish)

General Shareholder Meeting 2023 – Remuneration policy (in spanish)

General Shareholder Meeting 2024 – Announcement (in spanish)

General Shareholder Meeting 2024 – Card model (in spanish)

General Shareholder Meeting 2024 – Attendance, delegation and absentee ballots instructions (in spanish)

General Shareholder Meeting 2024 – Proposals of agreement (in spanish)

General Shareholder Meeting 2024 – Proposal application of result (in spanish)

General Shareholder Meeting 2024 – Remuneration policy (in spanish)

General Shareholder Meeting 2024 – Informative document about the value enhancement strategy (in spanish)

General Shareholder Meeting 2025 – Announcement (in spanish)

General Shareholder Meeting 2025 – Attendance, delegation and absentee ballots instructions (in spanish)

General Shareholder Meeting 2025 – Card model (in spanish)

General Shareholder Meeting 2025 – Proposals of agreement (in spanish)

General Shareholder Meeting 2025 – Remuneration policy (in spanish)

General Shareholder Meeting 2025 – Proposal application of result (in spanish)

General Shareholder Meeting 2025 – Informative document about the value enhancement strategy (in spanish)

General Shareholder Meeting 2020 (in spanish)

Assets Value – december 2019 (in spanish)

General Shareholder Meeting Agreements 2020 (in spanish)

Dividend Payment 2020 (in spanish)

Significant Shareholdings 2020/06/30 (in spanish)

Activity Report 2Q20 (in spanish)

Treasury stock transactions (in spanish)

Activity Report 3Q20 (in spanish)

Significant Shareholdings 2020/12/31 (in spanish)

Activity Report 4Q20 (in spanish)

Assets Value – december 2020 (in spanish)

General Shareholder Meeting 2021 (in spanish)

General Shareholder Meeting Agreements 2021 (in spanish)

Dividend Payment 2021 (in spanish)

Activity Report 1Q21 (in spanish)

Resignation and appointment of a non-director secretary (in spanish)

Sale of property located in Vigo (in spanish)

Significant Shareholdings 2021/06/30 (in spanish)

Activity Report 2Q21 (in spanish)

Changes in the Board of Directors (in spanish)

Activity Report 3Q21 (in spanish)

Asset swap and dividend distribution for fiscal year 2021 (in spanish)

Significant Shareholdings 2021/12/31 (in spanish)

Activity Report 4Q21 (in spanish)

Sale of property located in Pamplona (in spanish)

Financing Modification Information (in spanish)

Assets Value – December 2021 (in spanish)

General Shareholder Meeting 2022 (in spanish)

Activity Report 1Q22 (in spanish)

General Shareholder Meeting Agreements 2022 (in spanish)

Dividend Payment 2022 (in spanish)

Significant Shareholdings 2022/06/30 (in spanish)

Activity Report 2Q22 (in spanish)

Activity Report 3Q22 (in spanish)

Dividend distribution for fiscal year 2022 (in spanish)

Significant Shareholdings 2022/12/31 (in spanish)

Assets Value – December 2022 (in spanish)

Activity Report 4Q22 (in spanish)

General Shareholder Meeting 2023 (in spanish)

Dividend Payment 2023 (in spanish)

General Shareholder Meeting Agreements 2023 (in spanish)

Activity Report 1Q23 (in spanish)

Significant Shareholdings 2023/06/30 (in spanish)

Activity Report 2Q23 (in spanish)

Announcement of decease of the Board Member D. Francisco Javier Sánchez Calvo (in spanish)

Activity Report 3Q23 (in spanish)

Dividend distribution for fiscal year 2023 (in spanish)

Significant Shareholdings 2023/12/31 (in spanish)

Assets Value – December 2023 (in spanish)

Activity Report 4Q23 (in spanish)

General Shareholder Meeting 2024 (in spanish)

Dividend Payment 2024 (in spanish)

General Shareholder Meeting Agreements 2024 (in spanish)

Activity Report 1Q24 (in spanish)

Significant Shareholdings 2024/06/30 (in spanish)

Activity Report 2Q24 (in spanish)

Transfer of registered office (in spanish)

Activity Report 3Q24 (in spanish)

Dividend Payment 2024 December (in spanish)

Significant Shareholdings 2024/12/31 (in spanish)

Assets Value – December 2024 (in spanish)

Activity Report 4Q24 (in spanish)

General Shareholder Meeting 2025 (in spanish)

Dividend Payment 2025 (in spanish)

General Shareholder Meeting Agreements 2025 (in spanish)

Activity Report 1Q25 (in spanish)

Sale of property located in Mallorca (in spanish)

Significant Shareholdings 2025/06/30 (in spanish)

Sale of property located in León (in spanish)

Sale of property located in Madrid (in spanish)

Activity Report 2Q25 (in spanish)

Sale of property located in Calahorra and Galaria (in spanish)

OUR TEAM

Fernando Moreno Marcos

Board of Directors

Fernando Moreno Marcos is the Director of Commercial Banking at Bankinter and a member of its Executive Committee. The areas under his authority include Private Banking, Personal Banking, Retail Banking, Online Banking, etc.

Fernando Moreno has spent practically all of his professional career at Bankinter, where he has held various posts and responsibilities in business areas.

He has a degree in Law and Business Studies (E-3 double-degree programme) from Comillas Pontifical University (ICADE Business School), and successfully completed the MDP (Management Development Programme) at Harvard Business School (Boston, USA).

In 2004 he also passed the Senior Executive Programme at ESADE Business School.

Luis Mota Duarte

Board of Directors

Investment Committee

Vice-Chairman of the Board of Directors of ORES Portugal.

Luís Mota Duarte is currently Deputy Chief Executive Officer (Deputy CEO) at Sonae Sierra, which he joined in 2018 after serving as Head of M&A at Sonae SGPS since 2014. Luis also continue to lead the Investment Management and the Strategy and Debt teams.

Prior to joining Sonae, Luis spent 14 years in London, most recently as a Director at Bridgepoint Capital, a leading European private equity firm.

Luís is currently an Adjunct Professor at Nova School of Business & Economics in Private Equity and was, until 2020, an Associate Fellow at Saïd Business School, Oxford University.

Luís holds an MBA (with distinction) from INSEAD and a degree in Business Administration, Universidade Católica Portuguesa

Jaime Iñigo Guerra Azcona

Board of Directors

Iñigo is currently General Manager of Bankinter and Bankinter Investment, a position he has held since 2013.

Between 2004 and 2013, he held the position of Secretary-General of Bankinter (Legal Area, Tax Area and Regulation and Corporate Compliance Area).

In addition, he has been a Attorney of the Kingdom of Spain since 2000.

Iñigo holds a degree in Law and Management (E-3) from Universidad Pontificia Comillas (ICADE) and PLD (Program for Leadership Development) from Harvard Business School (Boston-MASS).

Javier Nieto Jáuregui

Board of Directors

Javier Nieto Jáuregui served on the boards of Motalvo, Preventiva, Aleteo and E-Flow (2013–2015). He was Managing Director at Unicasa (2009–2012) and Safei (2000–2002), and General Manager at Banco Central Hispano (2002–2008), Financo Group (1996–2000), a Banco Hispano Americano–Nixdorf JV (1992–1996) and Unifan (1990–1992).

Earlier, he worked at Citicorp and Manufacturers Hannover Trust (1980–1990), helping design and launch G.D.P. to divest toxic real-estate assets.

Education: Degree in Economics and Business (Complutense University of Madrid) and master’s-level training in risk analysis (Citicorp & Manufacturers Hannover Trust).

Alfonso Cárcamo Gil

Secretary

Alfonso has 17+ years’ experience across the public sector (State Attorney/Abogado del Estado) and private practice.

He has served as Director-General of Legal Services and Board Secretary at Spain’s CNMV, Secretary of the Governing Committee and Head of Legal at the FROB, General Secretary at BMN, and Corporate Director of Affiliates & Associated Businesses’ Legal at Bankia. He has also been director/secretary at insurers (e.g., Caser) and consumer-finance firms.

Before joining Ramón y Cajal Abogados, he worked at Cerberus Capital Management.

Vitor Freitas Duarte

Investment Committee

Vítor Freitas Duarte is Senior Director of Real Estate Investment Management at Sonae Sierra, based in Porto. He has over 20 years of experience in the European real estate market, with a strong track record in transactions with institutional investors and family offices.

Since joining Sonae Sierra in 2004, he has held several leadership roles in investment management, corporate control, and strategic planning. Before his current position, he served as Corporate Controller, overseeing European operations and leading efficiency and strategic projects.

Vítor holds a degree in Business Administration from the University of Porto, an MBA from ESADE/NYU Stern, and an AMP from INSEAD.

Borja Uriarte Villalonga

Investment Committee

Borja Uriarte Villalonga is Deputy Director General of Bankinter. He currently holds the position of Managing Director and head of Alternative Investment Area of Bankinter Investment.

He has 25 years of experience at Bankinter having been, among others, Director of Capital Markets, Director of Product and International Business Division, Director of “Europea de Titulización, S.A., S.G.F.T”, Director of Bankinter Asset Management and Managing Director and head of Capital Markets in Investment Banking.

Borja Uriarte holds a degree in Economic and Business Sciences from the University College of Financial Studies (CUNEF Madrid), Executive MBA by IESE and PLD (Program for Leadership Development) by Harvard Business School (Boston-USA).

Arántzazu Sánchez Janáriz

Investment Committee

Arántzazu Sánchez Janáriz is Director of Bankinter’s Real Estate Unit, responsible for divesting foreclosed assets, among other mandates. She has 20+ years in real estate, with roles including Head of Legal for Southern Spain at Ferrovial Inmobiliaria (1998–2001), Director of Legal Counsel and Board Member at El Reino de Don Quijote, Central Spain Manager at Acciona Inmobiliaria (2004–2009), and Central Spain Manager at Banco Santander–Altamira (2009–2015), managing a €2.2bn portfolio.

Education: LL.B., Autonomous University of Madrid; Master’s in Urban Studies, Autonomous University of Madrid (Pablo de Olavide faculty).

Alexandre Pessegueiro

Investment Committee

Alexandre Pessegueiro is Head of Asset Management for Sonae Sierra in Spain since July 2015, overseeing the group’s assets in the country. He joined Sonae in 2000 as Reporting Assistant; from 2004–2007 was Financial Services Coordinator; later Coordinator for Treasury Management and the Pan-European Shared Service; and, from 2008, Asset Manager in Spain.

Education: LL.B., Autonomous University of Madrid; Master’s in Urban Studies, Autonomous University of Madrid (Pablo de Olavide faculty).