Zambal Spain SOCIMI, S.A. is a Spanish real estate investment trust (SOCIMI) that specializes in the acquisition, development, and management of prime urban real estate. Externally managed by IBA Capital Partners SL, the company focuses on generating stable, long-term rental income through a portfolio of high-quality assets. Zambal's investments are geographically concentrated in the key economic hubs of Madrid and Barcelona. While the company's mandate allows for investments in various asset classes such as nursing homes, hospitals, and logistics platforms, its current portfolio is heavily weighted toward the office sector, which accounts for over 90% of its gross leasable area (GLA), alongside select high-street retail properties. The company's business model relies on securing long-term leases with blue-chip corporate tenants, ensuring recurrent cash flows and high occupancy rates. Zambal operates with a conservative capital structure, historically maintaining a portfolio without recourse to bank financing, and delivers value to shareholders through consistent dividend distributions in accordance with Spanish SOCIMI regulations.
