PRESS RELEASE

HISPANIA BUYS A RESIDENTIAL COMPLEX AND AN OFFICE BUILDING IN MADRID FOR A TOTAL AMOUNT OF 86.15 MILLION EURO

Hispania has closed two separate deals: the acquisition of an office building located in C/ Príncipe de Vergara -for €25 million euro- and the purchase of a residential complex including

284 dwellings in Sanchinarro, Madrid, for 61.15 million euro

With these transactions, Hispania has committed investments amounting to an aggregated

GAV of 877 million euro Madrid, March 30th, 2015.- Hispania Activos Inmobiliarios, S.A. through its 100% subsidiary company Hispania Real Socimi, has closed two off-market transactions in Madrid for a total amount of 86.15 million euro, fully disbursed with Hispania's own funds.

Office building in Príncipe de Vergara, 108 (Madrid)

Hispania has acquired an office building located in C/ Príncipe de Vergara, 108 in its conjunction with C/Joaquín Costa. The acquisition price has amounted to 25 million euro (3,718 €/sqm).
The asset is located in Madrid city centre and enjoys excellent visibility. The building has a GLA of 7,324 sqm distributed in 12 floors and commercial surface, as well as 68 underground parking slots.

Residential complex in Sanchinarro (Madrid)

Hispania has purchased a residential complex in Sanchinarro (Madrid) with a GLA of 39,000 sqm distributed across 284 dwellings of 2 and 3 rooms, 311 parking slots, 284 storage units and a retail unit which is currently occupied by a major supermarket chain. The dwellings are in a closed complex with garden areas.
Total purchase price amounts to 61.15 million euro. Purchase price of the dwellings -excluding annexes and a retail unit- is equivalent to 2,050 €/sqm above ground. The dwellings are currently under rent with an approximate occupancy rate of 80%. Hispania's business plan is mainly directed to investing in the asset and increasing its facilities in order to convert it into a singular asset among residential under rent in the Sanchinarro area and with the aim of optimizing its occupancy rate.
Located to the north of Madrid's city centre, Sanchinarro is one of the most dynamic residential areas in Northern Madrid. In the last few years, various companies have selected Sanchinarro and its surroundings to settle their corporate headquarters. This has increased the already strong demand for residential in the area.
"These two deals proof, once again, Hispania's ability to invest in high-quality assets through off- market deals in consolidated areas", said Concha Osácar, Board Member of Hispania.

Hispania has committed investments amounting to 877 million euro in the last 12 months

After these two transactions, Hispania has committed investments for more than 877 million euro of aggregated GAV. Hispania has a committed asset portfolio with an office GLA of 97.940 sqm -manily in Madrid and Barcelona-, 683 dwellings in Madrid and Barcelona and 22 hotels in Madrid, Barcelona, Costa del Sol, Canary and Balearic Islands and Costa de la Luz.

Office building located in Príncipe de Vergara, 108 (Madrid):



Pictures of the office building located in Príncipe de Vergara, 108 (Madrid):



Residential complex located in Sanchinarro (Madrid): Pictures of the residential complex located in Sanchinarro (Madrid):


About Hispania

Hispania is a Spanish company that became listed on the Spanish Stock Exchange on the 14th of March of 2014 raising

€550 million. Hispania was created with the objective of capturing investment opportunities in the Spanish Real Estate

markets and creating a portfolio of high quality assets in the residential, hotel and offices sectors.

In accordance with best corporate governance international practices, Hispania´s Board of Directors, chaired by Rafael

Miranda, has a majority of independent Board Members.

Hispania is externally managed by Azora, which has granted it total exclusivity for all of its investment deal flow in Spain, except for student housing.

About Azora

Grupo Azora (hereinafter "Azora") is a leading Spanish independent asset manager, founded in 2004 and with over

€3,000 million of assets under management. Azora manages Hispania through its subsidiary Azora Gestión S.G.I.I.C., S.A., a regulated asset management company under the supervision of the Spanish Stock Exchange regulator (CNMV).

Azora's platform is one of the largest in Spain, with a team close to 300 professionals with extensive experience across the Real Estate value chain, including deal origination, structuring and investment, new developments and repositioning, asset and property management as well as disposal of individual assets or portfolios. Azora is specialized in four assets classes: residential, hotels, offices and student housing. Azora currently manages the largest portfolio of residential properties under rental in Spain, comprising more than 12,000 units.

FOR FURTHER INFORMATION: Hispania's Press Room:

Noemí Sánchez: noemi@irazustacomunicacion.com

Nacho Miquel: nacho.miquel@irazustacomunicación.com

+34 91 563 41 79

Hispania's Investor Relations Director:

Ana Roldán: anaroldan@azora.es

+34 91 310 6370

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