Over the weekend, newly eased restrictions were published for Andalusia, where Quartiers operates. The new guidelines make it easier to travel to Marbella and increase the permitted capacity in the hotel and restaurant sector in the region.
The UK announced today that the country plans to begin vaccinating against Covid-19 next week. Quartiers’ CEO Marcus Johansson Prakt considers it particularly positive that the UK is the first country to approve the Covid-19 vaccine following extensive trials.
Quartiers, listed on Nasdaq First North in Stockholm, has adapted its operations on the basis of the new restrictions from the Spanish government, and has decided to keep its Boho Club (luxury hotel and restaurant on the Golden Mile in Marbella) facilities and the Quartiers Marbella Apartments hotel open.
The net asset value of Quartiers Properties, a property company with operations in Spain, continues to rise. The increase compared to year-end 2018 amounts to 11 percent, and the net asset value per ordinary share is now stated at SEK 8.26. The share is thus being traded at a net asset value discount of 48.7 percent, given the closing price on 27 February 2020.
