MUTUACTIVOS APPOINTS AZZAM AS REAL ESTATE MANAGER FOR ITS FIRST RESIDENTIAL INVESTMENT PROJECT

MUTUACTIVOS APPOINTS AZZAM AS REAL ESTATE MANAGER FOR ITS FIRST RESIDENTIAL INVESTMENT PROJECT

• Mutuactivos SGIIC has appointed Azzam Vivienda S.L.U., part of the Azora Group, to manage Mutuafondo Vivienda Premium, FILPE, the first Spanish fund under the European Long-Term Investment Fund (FILPE) format with a dual purpose.
• The fund allows homeowners over 65 to sell their primary residence while continuing to live in it for the rest of their lives, providing liquidity, while also giving investors access to a diversified residential property portfolio.
• Azzam will manage all aspects of the fund, including property acquisition, tenant support, renovation and eventual resale and will represent the fund in homeowners’ association meetings to ensure smooth operations.

Madrid, 17 November 2025 - Mutuactivos SGIIC has signed a service agreement with Azzam Vivienda S.L.U., a company within the Azora Group to manage its new investment fund, Mutuafondo Vivienda Premium, FILPE, the first Spanish fund under the European Long-Term Investment Fund (FILPE) format with a dual purpose.

The fund offers a unique solution for homeowners over 65, allowing them to sell their primary residence while continuing to live in it for the rest of their lives, providing liquidity without requiring them to move. At the same time, it enables investors to participate in a diversified portfolio of residential real estate assets, creating a new market opportunity in Spain.

Azzam will provide end-to-end real estate services, covering property acquisition, tenant support, rehabilitation, and eventual resale. The company will also represent the fund in homeowners’ association meetings and manage all operational aspects to ensure smooth execution of the fund’s strategy.

Luis Ussía, President and CEO of Mutuactivos, said: “It is a pleasure to partner with Azzam, whose experience and professionalism will be key in developing this pioneering and unique project.”

Tomás Morín, CEO of Azzam, added: “The partnership with Mutuactivos reinforces our track record and leadership in property management in Spain. The project’s innovative approach and clear client benefits give us confidence of its strong potential in the market.”

Mutuafondo Vivienda Premium, FILPE, allows investments starting at €25,000 and properties will be renovated if necessary and sold once the right of occupancy expires, creating a sustainable and attractive opportunity for investors and homeowners alike.