Serrano 61 Desarrollo
Serrano 61 Desarrollo SOCIMI SA is a publicly listed Spanish REIT (SOCIMI) that owns and operates the ABC Serrano shopping center in Madrid's Golden Mile, generating rental income from approximately 15,000 m² of premium retail space across 7 floors with 255 parking spaces.
- Company typePublic
- Founded2017
- HeadquartersMadrid, Spain
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Serrano 61 Desarrollo does
Serrano 61 Desarrollo SOCIMI SA is a publicly listed Spanish real estate investment company (SOCIMI) incorporated in 2017. Its sole operating asset is the ABC Serrano shopping center, located in Madrid's Salamanca district on the Milla de Oro (Golden Mile) between calle Serrano and Paseo de la Castellana. The property comprises approximately 15,000 m² of leasable commercial space distributed across 7 floors, with 255 parking spaces, and holds BREEAM VERY GOOD sustainability certification and DIGA 4-star accessibility certification.
The company generates revenue exclusively through rental income from retail and service tenants occupying the ABC Serrano center. As a SOCIMI, it is required to distribute at least 80% of profits derived from rental income to shareholders, and the entity is structured as a single-asset vehicle focused on value creation through professional management of the property. Property management has been outsourced to Savills Consultores Real Estate since October 2022. No parent company is identified, and the company appears to operate as an independent listed entity with dispersed public shareholding; a notable shareholder change occurred in December 2025 when Banca March transferred its significant shareholding.
The company's go-to-market is direct leasing to retail tenants, with no online or multi-channel distribution. Investor relations are conducted through a corporate website that publishes quarterly reports, annual audited accounts, shareholder meeting documents, and material facts dating back to 2017. The company has no disclosed headcount, no subsidiaries, no patents or proprietary technology, and no AI/ML capabilities — its business model is fundamentally a passive real estate holding and rental yield vehicle.
Serrano 61 Desarrollo firmographics
Firmographics- Name
- Serrano 61 Desarrollo
- Legal name
- SERRANO 61 DESARROLLO SOCIMI SA
- Website
- https://serrano61socimi.com
- Company type
- Public
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Serrano 61 Desarrollo SOCIMI SA is a publicly listed Spanish REIT (SOCIMI) that owns and operates the ABC Serrano shopping center in Madrid's Golden Mile, generating rental income from approximately 15,000 m² of premium retail space across 7 floors with 255 parking spaces.
- Ownership category
- akta.pro rank
Serrano 61 Desarrollo industry classification
Industry- Product category
- Commercial Real Estate (Retail Shopping Center)
- NAICS
- General Merchandise Retailers (455)
- SIC
- Retail-Department Stores (5311)
- akta.pro primary industry
- Regional Department Store–Anchored Multi-Category Retail (Store-in-Store) (CRAGAFAH)
Keywords
Where Serrano 61 Desarrollo is headquartered
LocationHeadquarters
- HQ city
- Madrid
- HQ country
- Spain
- HQ region
- Europe
Offices2 records
Markets served
Serrano 61 Desarrollo business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Others
Revenue model
- Commercial Property Rental Income: The company generates revenue through rental income from tenants occupying space in the ABC Serrano shopping center. As a SOCIMI (Spanish REIT), it is required to distribute at least 80% of profits derived from rental income to shareholders.
Distribution channels1 record
Marketing channels1 record
Serrano 61 Desarrollo product offering
Product offeringCore offering
Serrano 61 Desarrollo SOCIMI SA owns and operates the ABC Serrano shopping center in Madrid's Milla de Oro (Golden Mile), located in the Salamanca district between calle Serrano and Paseo de la Castellana. The property comprises approximately 15,000 m² of leasable commercial surface area (SBA) distributed across 7 floors, with 255 parking spaces, and is leased to retail and service tenants under individually negotiated lease terms.
Product overview
Serrano 61 Desarrollo SOCIMI SA is a publicly listed real estate investment company (SOCIMI) incorporated in 2017 that owns and manages the ABC Serrano shopping center. The company operates as a single-asset vehicle focused on value creation through property management. The core product is the ABC Serrano shopping center located in Madrid's Salamanca district, offering approximately 15,000 m2 of commercial space across 7 floors with 255 parking spaces. The company also provides investor relations services, financial reporting, and shareholder information through its website.
Differentiator
Problem solved
Functional benefit
Brands
- ABC Serrano: The commercial center owned by Serrano 61 Desarrollo SOCIMI SA, located in Madrid's Salamanca district with approximately 15,000 m2 of leasable space across 7 floors.
Products and services
- ABC Serrano Shopping Center A premium commercial shopping center located in Madrid's Milla de Oro (Golden Mile), between calle Serrano and Paseo de la Castellana in the Salamanca district, offering approximately 15,000 m² of leasable commercial space (SBA) distributed across 7 floors, plus 255 parking spaces. The property is leased to retail and service tenants seeking premium commercial locations and carries BREEAM VERY GOOD energy efficiency certification and DIGA 4-star accessibility certification. Property management is handled by Savills Consultores Real Estate.
Companies that use Serrano 61 Desarrollo
Customer profileSegments1 record
Ideal customer profiles1 record
Serrano 61 Desarrollo technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Serrano 61 Desarrollo partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Savills Consultores Real Estate, SAUcoreSavills was appointed as the new property management company for the ABC Serrano shopping center in October 2022, replacing the previous manager. Savills is a global real estate consultancy providing property management, valuation, and advisory services.
Scale indicators4 records
Recent moves5 records
Expansion highlights4 records
Serrano 61 Desarrollo competitors and assessment
Company assessmentBroad incumbents
- Unibail-Rodamco-Westfield: Global leader in prime shopping center ownership and operation. Comparable in flagship/urban retail asset strategy and recurring lease-based revenue model, though materially larger and more diversified.
- Klépierre: Leading European REIT focused on continental shopping centers. Comparable in asset class (retail shopping centers) and recurring rental revenue model, though at much greater scale and geographic diversification.
Direct peers
- Merlin Properties SOCIMI: Major Spanish listed SOCIMI with a diversified portfolio including retail assets. Direct structural peer as a publicly traded Spanish REIT operating under the same tax/regulatory regime as Serrano 61 Desarrollo.
- Eurocommercial Properties: Dutch-listed REIT specializing in shopping centers in Europe. Highly comparable pure-play retail shopping center REIT with similar recurring rental income model and tenant management focus.
- Carmila: European retail REIT anchored by Carrefour hypermarkets. Comparable as a shopping center-focused listed REIT generating recurring rental income from multi-category retail tenants.
- Inmobiliaria Colonial SOCIMI: Spanish SOCIMI with prime Madrid real estate exposure (offices and retail). Comparable as a Spanish listed REIT operating in Madrid's prime districts, with overlapping tenant and capital markets dynamics.
- Mercialys: French-listed retail REIT with shopping center portfolio. Comparable in retail asset focus, lease-based revenue model, and listed-REIT structure serving as investment vehicle.
- Lar España Real Estate SOCIMI: Spanish SOCIMI specialized in retail shopping centers. Closest direct peer in business model (Spanish listed REIT focused on retail), making it the most relevant comparison for Serrano 61 Desarrollo's single-asset retail strategy.
- Castellana Properties (now Värde Partners-managed): Spanish retail property company (formerly listed SOCIMI) operating shopping centers in Spain. Highly comparable in geography and asset class, making it a strong peer for Serrano 61 Desarrollo's positioning.
Regional players
- Wereldhave: Benelux-listed REIT focused on full-service shopping centers. Comparable in retail asset strategy and rental revenue model, though focused on Benelux geography rather than Iberia.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
Serrano 61 Desarrollo social profiles
Digital presenceSerrano 61 Desarrollo compliance and trust
Trust signalCompliance2 records
Serrano 61 Desarrollo financial estimates
Financial estimateRevenue estimate
Valuation estimate
Serrano 61 Desarrollo leadership team
Management profileNumber of profiles
Serrano 61 Desarrollo funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Serrano 61 Desarrollo M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Serrano 61 Desarrollo
What does Serrano 61 Desarrollo do?
Serrano 61 Desarrollo SOCIMI SA owns and operates the ABC Serrano shopping center in Madrid's Milla de Oro (Golden Mile), located in the Salamanca district between calle Serrano and Paseo de la Castellana. The property comprises approximately 15,000 m² of leasable commercial surface area (SBA) distributed across 7 floors, with 255 parking spaces, and is leased to retail and service tenants under individually negotiated lease terms.
Is Serrano 61 Desarrollo a public or private company?
Serrano 61 Desarrollo is a public company. It is classified as public and is currently operating.
When was Serrano 61 Desarrollo founded?
Serrano 61 Desarrollo was founded in 2017. It employs 1 to 10 people.
Where is Serrano 61 Desarrollo based?
Serrano 61 Desarrollo is headquartered in Madrid, Spain, in the Europe region.
How does Serrano 61 Desarrollo make money?
One revenue line is on record: commercial Property Rental Income.
Who are Serrano 61 Desarrollo's main competitors?
Broad incumbents on record are Unibail-Rodamco-Westfield and Klépierre. Direct peers are Merlin Properties SOCIMI, Eurocommercial Properties, Carmila, Inmobiliaria Colonial SOCIMI, Mercialys, Lar España Real Estate SOCIMI and Castellana Properties (now Värde Partners-managed). Wereldhave is listed as a regional player.
Does Serrano 61 Desarrollo have an API?
No public API is recorded for Serrano 61 Desarrollo.
What industry is Serrano 61 Desarrollo in?
Serrano 61 Desarrollo's product category is Commercial Real Estate (Retail Shopping Center). Its primary akta.pro industry code is CRAGAFAH, Regional Department Store–Anchored Multi-Category Retail (Store-in-Store). Its NAICS code is 455 and its SIC code is 5311.