Annual Report AR-2022

Presentation

Since 2020, every year has been labelled as an “abnormal” year due to the various aspects that have unfolded (pandemic, lockdowns, constant regulatory changes, rapid inflation, war in Europe, and more). Living and managing the company within these circumstances is something we must likely get accustomed to doing. We must be a flexible and constantly adapting organization, while also being capable of charting our path in this ever-changing milieu.

We can only describe 2022 as a year of many contrasts, both in the rental and sales markets. In general terms, the activity remained very high, even reaching record levels according to official data. However, we have all seen the year shift from more to less, with a more noticeable slowdown in the last month.

Nevertheless, despite data considered quite positive, from our perspective, the issues that we have been dealing with for years have not only not improved but have worsened in 2022. Additionally, other factors such as the energy efficiency of homes, which were previously overlooked, have garnered significance and will be crucial in the forthcoming years.

Therefore, we could evaluate 2022 from two perspectives: a good year in terms of activity, but also a year in which, more than ever, the sector’s two major challenges have been brought to the forefront. On one hand, the difficult, if not impossible, housing access faced by various population segments, especially the youth. On the other hand, the need for a substantial energy transformation within the buildings and homes that make up our real estate portfolio. Both challenges concern not only the sector but society as a whole. At Amat Immobiliaris, we aim to contribute our expertise in the forthcoming years to address these challenges.

Guifré Homedes Amat Managing Director

1 Who are we?

Amat is a family-owned company.

Joan Amat. 1948.

Concepció Amigó. 1952.

Second generation: Immaculada and Joana Amat. 1990.

Third generation: Guifré Homedes takes over as CEO. 2018.

2 What are we?

The driving purpose

We aim to contribute to finding the private, public, and social balance that the real estate sector and our clients require.

Contributing to a healthy and sustainable world, actively working towards the transformation of buildings as spaces where people live and work.

Vision

Amat aims to be a reference point in the real estate sector within the business world, a catalyst for digital transformation, and in a constant state of innovation, with an unwavering commitment to the team that constitutes it, its clients, and its suppliers.

Mission

Amat’s mission is to advise, manage, and enhance the heritage assets of its clients within a framework of trust, honesty, and security, while innovating and creating new services to fulfil this purpose.

Values

Business Ethics. Consistency, transparency, confidentiality, quality, and perseverance.

Long-term vision. Knowledge, education, and innovation.

Social commitment.

Identity Traits

Passion for what we do. Personalization in our approach. Aligned with our time. Curiosity to envision the future and how to project the company and clients.

What do we do?

Rental Management and Asset Management Vision

Long-term perspective, as assets require a process of maturation, reinvestment, and sustained growth.

Amat Patrimonial

Our goal is wealth enhancement in both the rental and community realms.

We strive to grow assets through our legal, fiscal, technical, and financial expertise. We consider assets to include both rental properties and property owner associations.

The most significant endeavour for a family is acquiring their home, and our responsibility is to care for it and enhance its value.

How?

Rehabilitating and modernizing buildings and homes.

Applying management tools to ensure economic control.

Addressing the needs of our community, property owner, and tenant clients.

Providing them with cutting-edge technology, digitalization, which promotes transparency, reliability, and speed of information.

Suggesting the most suitable insurance options at all times.

Mission

Achieve a balance between the two clients, the owner and the tenant, by facilitating the legal and understanding framework so that both parties can achieve mutual loyalty, which will form the basis for establishing a long-lasting and stable relationship.

Key Service Factors

Professionalism and personalization. Trained and specialized personnel. Asset, legal, economic, and tax advisory.

Digital Transformation. Aligned with sustainability needs, we offer our clients digital solutions. Via a mobile application, tenants and owners can monitor all aspects throughout the contract or asset’s lifespan, in a fully interactive manner. Online management since 2004.

Automation through workflow processes for each management procedure. Legal-certified electronic signatures.

Digital filing, intelligent invoice processing for suppliers. Property condition management and improvement proposals. Tenant suitability analysis and contracts that safeguard the rights and obligations of both parties.

Property condition assessment document upon tenant’s move-in and move-out.

Monitoring and selection of the best providers to attend to each asset.

Wealth Consultancy

Service designed for Family Offices or internally managed heritage companies. Legal, economic, and fiscal advisory.

Communication of legislative changes as they occur and support in their implementation. Audit of followed processes and consultancy with recommendations tailored to each asset.

Physical condition analysis of properties and proposals for value-added improvements, as well as a rehabilitation or partial/ full transformation plan aimed at maximizing returns.

Analysis and valuation of market prices for heritage assets.

Property Owners’ Association Management Vision

The investment in acquiring a home is undoubtedly the greatest effort a family makes.

That’s why the management of the property owners’ association is so crucial. It encompasses all the elements of a company: capital (property), budget, clients (owners), suppliers, and leadership.

Mission

Our responsibility is to assume this leadership with the aim of taking care of the building and keeping it in the best possible condition, following sustainability guidelines that ultimately benefit the economy and the well-being of the people who reside within it.

Key Service Factors

Professionalism and personalization. Trained and specialized staff. Advisory services. Legal, fiscal, economic, maintenance, and rehabilitation.

Digitalization. According to sustainability needs, we offer digital solutions throughout the service via the app. Owners and the president can track everything that occurs throughout the year in a fully interactive manner (Online Administration since 2004). Automation through workflow processes for each management procedure.

Digital filing, intelligent invoice processing for suppliers. Legal-certified electronic signatures.

Property condition management and proposals for progress, particularly focusing on environmental care and sustainability.

Control document of visits to the community to assess its condition.

Budget control. Real-time accounting.

Monitoring and selection of the best providers for each case. Call Center: 24/7 service, 365 days a year, with providers chosen and validated by us.

AmatZonia

New department established in 2021.

Vision

At Amat, we are committed to sustainability and energy efficiency in all types of properties, as well as the ongoing maintenance of buildings to preserve their value.

Construction and buildings contribute significantly to the energy issue, accounting for 39% of CO2 emissions. We offer our clients the opportunity to be part of the solution, as we firmly believe that our goals align closely with our clients’ commitments to planet care.

Mission

In AmatZonia, we work across various domains, spanning from residential properties to industrial warehouses and corporate headquarters. We undertake tailormade projects, aligning with the specific requirements of each client and the potential offered by the building.

We conduct a comprehensive analysis of the building, encompassing everything from its envelope, facades, and roofs, to the reclamation of spaces, which are now increasingly important for families’ use and enjoyment, such as rooftops or backyards.

Key Service Factors

Qualified and specialized personnel, both internal and external. Comprehensive advisory services. Turnkey projects, technical, legal, financial, and administrative solutions. Building rehabilitation for achieving enhanced efficiency. Installation of photovoltaic panels and aerothermal systems. Next Generation Funds. We analyse and seek the most suitable solution for each building and manage the entire process. Green roofs. Enhances thermal and acoustic insulation, improves photovoltaic panel performance, boosts biodiversity, enhances air quality, creates new recreational spaces, and ultimately increases property value.

Monitoring and selection of the best providers for each case.

Amat Commercial Vision

We understand that real estate transactions related to primary residences are the most significant investments families make. Therefore, we ensure not to expose them to financial risks, providing them with continuous guidance supported by our experience and extensive market knowledge.

Mission

To advise, support, and ensure both sales and rental transactions. Our goal is to have satisfied clients on both sides.

We aim to carry out transactions, always conducting them with the utmost information, security, and guarantees.

Key Service Factors

Knowledge of the real estate market and the environments in which we operate Knowledge of segmented demand by typologies.

Transparency in information from the very beginning.

Rigour in valuation, data, and the legal situation of the property. Legal and fiscal advisory services, prior, during, and post-transaction.

Processing of preliminary documentation, energy certificates, and permits. Constant communication among all parties involved in the transaction.

Balanced negotiation between both interested parties. Greendex. For each marketed property, we provide an index indicating the quantity and quality of vegetation in its vicinity, allowing our clients to assess the quality of life that each property offers.

New construction cost per square meter 2022

New Construction Commercialization

Our value contribution is the definition of the real estate promotion model.

In-depth understanding of the surroundings, population typology, their needs, and requirements.

If possible, we participate in the conception and design of the developments.

Striving for a balance between the product, price, and financing.

Commercialization

Specialized teams training with extensive knowledge about materials, features, and characteristics.

Adaptability to the information and control systems of the promoters.

Constant Communication

With the promoter: we generate detailed and regular reports on commercial activity and outcomes.

With the buyers: quarterly communication throughout the promotion’s duration. Marketing Plan Definition. We formulate a marketing plan for each promotion.

Adapting it to different phases or changes in the market situations. Our brand lends credibility and assurance to the promotion.

Guidance for both the promoter and buyer throughout the entire process.

Vision

New construction requires a certain period of adjustment. We offer comprehensive management of incidents at the time of delivery.

Mission

Provide an effective solution to the promoter at the moment of home delivery.

Offer a detailed service to the buyer to resolve the setup of their home.

Key Service Factors

We relieve the promoter of this workload with a price controlled per dwelling.

Thorough understanding of the promotion attained through pre-delivery meetings that include technical teams and the promoter. Pre-courtesy visit property inspection conducted with technicians to identify and address potential issues before the buyer’s visit.

Reception and analysis of issues identified by the buyer. Coordination between the construction company and contractors.

Constant information on the status of incidents for both parties.

Through the App, each management can be visualized.

Service Advantages

Experience: We have agile and effective work systems to manage incidents. The promoter frees up their structure.

The promoter has flexibility in configuring the contracted services.

Attains rigorous control over the costs associated with this service. We mediate between both parties to achieve the best solutions.

Standard Commercialization

Rental Distinguishing Features

Legal Security: Continuous adaptation to published regulations, technical, fiscal, and legal norms.

Customer Safety: Legitimacy to contract, avoiding financial risk to the tenant, rent insurance, and a document for property delivery, providing assurance for both owner and tenant.

Fair Valuation: An inaccurate valuation harms the tenant, who is delayed in gaining access to the property, and the owner, who loses months of rent and, therefore, profitability.

Guidance: Throughout the entire process of marketing and contracting. Balanced contract between both parties.

Rental Distinguishing Features

Security.

Before. Acquisition and analysis of the registry note. During. Resolution of any legal, urban planning, or apparent maintenance issues. After. Monitoring, cancellation of pre-existing encumbrances. Taxation. Advisory upon request from either party. Assessment. We advise the fair price of the property; setting inflated prices poses a significant risk to the owner and the market in general.

Guidance throughout the entire marketing process.

Filtering visits for the seller’s own safety.

Amat Luxury

Experience since 1983 with the arrival of international executives to Sant Just Desvern, Esplugues de Llobregat, and Sant Cugat del Vallès. Today, we offer homes throughout Catalonia.

Specialized professionals with mastery of various languages, providing commercial, legal, and fiscal support.

Personalized service based on nationality.

Assistance in integrating into the city and in addressing educational, cultural, and recreational needs.

International Networks

We have an extensive network of collaborators around the world. We are members of Luxury Real State, FIABCI, MAYFAIR and Nac Premier. Additionally, we attend the finest international symposiums. This year, the MIPIM, in Cannes.

MIPIM, Cannes.

Season Rental New department since 2022 Vision

The demands of the new economy have prompted us to address new needs.

We are immersed in a movement of technological and scientific companies’ creation, along with all the essential entities that should be part of the Knowledge City. This complements the events that a city like Barcelona regularly hosts.

Every day, Barcelona welcomes clients in need of this type of accommodation, contributing to a high employment rate.

Mission

By establishing this new specialized department, our goal is to tackle the mobility that all of this entails. Our focus will be developing new offerings to cater to a unique demand with specific needs.

Identity traits

For the owners:

If you are a property owner seeking profitability, peace of mind, and someone to trust for renting out your flat, we can assist you in meeting your needs.

We provide a personalized and tailored service just for you. Multilingual and specialized professionals.

We will take care of your property from the moment you entrust it to us. When you decide to rent out your flat, you’re deciding much more. You decide your expectations and needs, and you decide not to take risks. And we want to accompany you in this. We furnish and equip with every detail, market them, and find the best tenants.

Typically, our tenants consist primarily of foreigners, encompassing business school students and professionals from diverse industries.

We want these clients to feel at home, where they lack nothing. That they feel accompanied and encouraged to return many times. They will be warmly welcomed and will feel happy. In essence, we take care of everything. From satisfied owners who see how their assets generate maximum profitability, to tenants who are happy to live in an open, cosmopolitan and welcoming city that is not theirs, but makes them feel as if it were.

Amat Consultancy Land Transformation

The raw material of the real estate sector, an essential player in social and environmental transformation, for a company with a commitment to longevity and presence: the essence of the real estate perspective. In its 75 years of existence, Amat has been involved in transformations throughout the territory, especially in areas where it has a physical presence. Some examples:

Urban Planning Advisory Vision

To participate in the urban development of cities, their planning, and their future.

Mission

To contribute our market knowledge to effectively meet the current and future demand of the environments in which we operate.

Identity Traits

We accompany landowner clients throughout the entirety of even lengthy plan developments. We leverage our extensive experience for the benefit of our clients, as well as municipalities and all participating institutions. We establish a framework of trust among all parties involved. We integrate into compensation boards in secretarial roles.

Garrofers Land Redistribution.

What?

Urban Planning: We promote initiatives, advise on zoning changes, derived planning.etc. We provide guidance to Owners’ Associations, individual property owners, negotiate with Regional Authorities, Municipalities, Consortia.

Intermediation for all types of land and buildings: residential, industrial, commercial, retail, hospitality, facilities.etc. Rehabilitation.

Change of use. Unique assets. Feasibility analysis for real estate projects and developments. Seeking investors, users, and partners for projects. Assessments.

Inheritances. Corporations.

Successful Stories

External advisory for the owner, leading to successful property transactions, within a transforming context, for over 1,000 residences.

Transaction of a 45,000 square meter logistics land plot in Abrera.

Transaction of a commercial space in Portal de l’Àngel, Barcelona.

Transaction of multiple buildings from a family portfolio in Barcelona.

Transaction of nearly finalized residential plots intended for development in Sant Just Desvern. Esplugues de Llobregat.

Legal and Fiscal Advisory

Vision

That our clients fulfil their legal and fiscal obligations with the utmost guarantee and security.

Mission

Analyse, advise, and provide ongoing support in the relationship with the Tax Authority or legally required institutions.

Investment Advisory

How?

We encompass the entire life cycle of all type of real estate assets, from creation to transform, enhancement, consolidation, investment, and divestment:

Identity Traits

Internal legal advice for all Patrimonial and Commercial clients.

Specialized external advice in Real Estate Law. Inheritance and wills. Deeds for new construction, divisions, segregations, consolidations, and registry and cadastral certifications. Rental income, assets, corporations, VAT, non-residents, property transfers, donations, successions.

Handling of all taxes and declarations (transactions with third parties, income assignment regime, census declarations, etc.).

Digital certificates custody and notification management. Handling requests and offering support in responding to inquiries and inspections.

Analyse and evaluate assets from all perspectives. Propose improvements. Provide legal and fiscal support to individuals, family-owned companies, families, institutions. Establish legal frameworks for assets, segregations, declarations of new construction, divisions, statutes, etc. Interact with authorities. A socially active private agent in advocating for clients’ interests. We express viewpoints. Offer guidance rooted in our convictions.

Constantly learning and evolving. Collaborating with top-tier associates.

4 Quality

Quality service is a fundamental value for Amat.

We were the first company in the sector to obtain ISO certification in 2000.

This is why we have been affiliated, involved, and members of various industry groups right from the outset.

We have insurance coverage with a guarantee of up to 2 million Euros.

Our guarantee is our clients’ peace of mind.

5 Corporate Marketing

Media presentation of our 2021 market Report

Conference for our clients on the Cadastre Reference Value and municipal capital gains, delivered by Notary Mr. José Vicente Galdón.

Conference for our clients on the subsidies from the Next Generation Fund, presented by Jordi Sanuy, Director of Building Quality and Housing Rehabilitation at the Catalan Housing Agency.

Real Estate Networking Dinners

66th Dinner, February 8th, 2022

Germà Bel

67th Dinner, April 27th, 2022

Marcos Urarte

68th Dinner, June 21st, 2022

Ricard Font

69th Dinner, July 13th, 2022

Consejero Jaume Giró

70th Dinner, September 29th, 2022

Carme Trilla

71th Dinner, November 24th, 2022

Ricard Font

6 Amat in numbers

Rental Administration and Asset Management

Arrears are at historical lows of 0.25%.

Property Owners’ Association Management

Arrears in the Community Department.

The department has also managed to control arrears and conclude 2022 at 2.16%.

By Gender

By Seniority

Training

Ongoing English classes. Sales Training

Presentation: New Cadastral Reference Value and its Effects on Capital Gains.

AC Course: Next Generation Fund Workshops Implementation of Legal Obligation for PRL and CAE in Property Owners’ Associations.

CP Course: Urban Leases (before and after the reform of RDL 7/2019).

Webinar: Civil and Criminal Issues of Unauthorized Property Occupation.

Presentation: Next Generation European Funds for Energy Efficiency Rehabilitation.

Workshop: How to Tailor My Flats for Corporate Clients?

Videoconference: Registration of Surface Rectifications in the Property Registry.

Presentation: Trimming the Tax Bill. Errors in Reference Value.

Informative session: How to Become a Promoter of Property Owners’ Association Accessibility.

Course: Management and Continuous Improvement Program.

TAAF DATA.

By Studies

We participate in and/or are members of various sector associations:

Property Administrators Association.

Bar Association.

Real Estate Agents Association.

Economists Association

Technical Architecture Association.

We are members of:

Barcelona Global Women in Real State Spain

AIJEC

Spanish-Swedish Chamber of Barcelona

COBATY

Brithish Chamber

Nac Premier Ceigrup

Mayfair

7 Where are we?

From top to bottom and from left to right: Amat Offices: Via Augusta, Barcelona (corporate headquarters). Balmes, Barcelona (Luxury office). Bonavista, Sant Just Desvern. San Cugat del Vallés.

What is our opinion?

Conference: Converting Commercial Spaces into Residences in Various Municipalities of the Barcelona Metropolitan Area.

Conference: Sustainable Development Goals (SDGs) in the Business World.

Postgraduate in Social Responsibility Management.

Territorial Housing Plan. Ongoing work of the Municipal Social Housing Council of the Barcelona City Council.

SWOT Analysis on The Power of Women in the Mundo Empresarial Magazine.

Interview with Guifré Homedes on TV3 regarding the housing issue. January 2022.

9 Culture, Belonging, and Social Responsibility

Vision

Transmission of our values to society.

Mission

Participating actively in environments where we can contribute our knowledge to make proposals for the city, equality, inclusion, youth education, and the promotion of culture.

Amat Cultura

We sponsor book presentations. Calendar always within a cultural context, this year focusing on poetry.

Gifts of books and sculptures.

Sponsorship of the book launch Asesinado en la sala Capitular by Eduard Jener.

Sponsorship of the book launch Aquella colla de fills del 68, by Toni Rodriguez.

Sponsorship of the book launch Cartes de Pau Casals, by Anna Dalmau and Anna Mora.

Amat Social

Toy collection by the Red Cross, Three Kings’ Day campaign.. Autism Spectrum Disorder awareness campaign.

Sponsorship and awareness campaign with the Spanish Association Against Cancer (AECC).

Real Equality sponsorship with FIDEM and Copersona.

Sports sponsorships. Children’s march.

Membership

President of the International Foundation of Entrepreneurial Women.

President of Copersona. Secretary of FemCat. JBoard Member of RACC. Board Member of the College of Property Administrators of Barcelona and Lleida.

Board Member of Egarsat. Board of Trustees of EADA.

Board of Trustees of the Mutua de Propietarios Foundation.

Board of Trustees of Family and Social Welfare.

Board of Trustees of Grup 7.

Advisory Council of the Metropolitan Housing Observatory.

Advisory Council of the Catalan Institute of Oncology.

Founding members of People Help.

Member of the Vint Council of the Maritime Consulate. Members of APCE.

Members of the Family Business Association.

We are ResponCat company since 2015.

We are Factor Humà company since 2015.

We are Emotionally Healthy company since 2017.

Colaboración con la AECC. Colaboración con Cruz Roja. Campaña de sensibilizión con el TEA.

Recognitions

Construction Award for Professional Career Achievement Award.

ResponCat Award for the Time Reform.

Construction Award 2022 for Professional Career Achievement.

ResponCat Award for the Time Reform.