Drago is an investment and property management platform which operates in Spain and Portugal since 2001 and in Miami since 2017. From the beginning, it has completed transactions amounting to more than €3.7 billion working with important foreign and national institutional investors. Over these years, it has launched and managed 17 investment vehicles which include more than 1,990 properties. Among the assets acquired are retail and office buildings, residential properties, commercial premises, tourist apartments and hotels.

The Drago team analyses direct investments, corporate operations with underlying property and asset portfolios, seeking to channel the investment through joint ventures and the launch of new vehicles.

In 2017 Drago was selected as the first property management and investment firm in Spain according to the Euromoney magazine.

What do we do?

Drago has launched and managed 17 investment vehicles which include more than 1,990 properties in Spain, Portugal and USA

Drago designs and implements added value strategies in order to identify investment opportunities, analyse inefficiencies and implement the necessary measures which generate greater returns than average in the property market of Iberian Peninsula and USA.

Drago has a team of professionals with wide experience in property investment in the Iberian Peninsula and USA, which has been able to carry out and satisfactorily manage investments in one of the most difficult periods which has beset this industry in recent decades.


Asset Management

Drago offers a broad range of services related to the management of property assets among which is included integral management.


  • Administrative management: rentals, income, costs taxes, etc.
  • Accounting management of real estate companies.
  • Financial management: payment of interest, commissions, amortisation of the principal, etc.
  • Property management.
  • Management of civil liability and damages insurance.
  • Coordination of architectural projects, design teams and consultants in accordance with the business plan.
  • Preparation, Monitoring and control of the entire construction process in accordance with the project.
  • Definition and implementation of the divestment and/or refinancing strategies.



Investment vehicles

Drago currently manages several investment vehicles, participated in by important institutional investors. Drago mainly manages two types of vehicles:


  • Private Capital Funds: discretional property investment vehicles participated in by several institutional investors.
  • “Managed Accounts” and “Joint Ventures”: specific vehicles aimed at covering the specific investment needs of institutional investors.



How do we do it?

The investment strategies of Drago are based on a profound knowledge of the property market which enables Drago to identify attractive opportunities. Drago analyses the market in detail and efficiently structures property investments in the whole of the Iberian Peninsula and USA.

Each asset is analysed as a long-term investment in order to have the opportunity to exit the operation at the optimum time. Thanks to the experience of Drago, the company has a network of contacts which contribute knowledge and opportunities in the market, as well as the capacity to access financial sources.

Drago is only involved in investments which comply with parameters and strict criteria in terms of property quality of the assets, their liquidity, the cash flow provisions and forecasting, and the potential to generate value.

Analysis of assets

Visit to the property, analysis of location and placement, rental analysis, checking the credit quality of the tenants, preliminary evaluation of the asset

Analysis of the market

Analysis of the local market (demographic tendencies, competence, socioeconomic parameters), identification and comparison with other property for rent and sale

Business plan

Definition of the investment thesis and the business plan which enables the generation of value for the investors, approach to the objective returns expected for the investment and for the period the investment is held in the portfolio

Due Diligence

Legal due diligence, RICS evaluation, technical and environmental auditing


Support in the closure, negotiation of the legal documentation (purchase and sale of the property, rental contracts, agreements with the shareholders, management agreements, among others), obtaining financing, implementation of the investment structure


Gran Vía 32Gran Vía, 32, MadridAn emblematic high street building measuring 36,000 sqm totally reformed by Drago which combines offices and commercial premises, including the flagship store of a prestigious retail operator
Castellana, 200, MadridA mixed use complex measuring 74,000 sqm built in 2011 and situated along Madrid’s main artery of the Castellana. The complex combines several uses: two office buildings, a commercial zone measuring […]
Avenida de la Constitución (Seville)Development of an Autograph hotel, one of Marriott’s luxury brands, with 96 rooms and a commercial zone measuring almost 2,000 sqm in a building measuring 8,300 sqm located in one […]
Parque Melilla, MelillaDevelopment of the first commercial centre located in the autonomous city of Melilla.
2150 Park Avenue, MiamiBuilding located on one of the best areas of Miami Beach and dedicated to residential tourism
250 Collins Avenue, MiamiResidential building located only 180 meters from the trendiest beach of Miami Beach

Real Estate Investment and Asset Management leaders


At Drago, we believe in building a better future as an essential value and we are committed to children’s education and fundamental rights.

Drago’s support is aimed at improving education of those who have less opportunities,  as well as to offer emotional and psychological support.

For this reason, Drago collaborates with the following initiatives:

Fundación Balia por la Infancia whose mission is to foster the social inclusion of children at risk through educational programmes. www.fundacionbalia.org

Special Education College of the Hospital San Rafael, a center belonging to the Order of Brothers of San Juan de Dios that welcomes students with motor and intellectual disabilities and other associated disorders. www.sanrafaelcolegio.com

NGO Educate Zimbabwe’s Children, which is aimed at addressing the needs of the country’s educational system and promotes different actions for children to have access to quality education. www.zimbabweschildren.org

Fundación Aladina, that provides comprehensive support to children and adolescents with cancer so they never lose their smile. www.aladina.org

Drago invites its employees, investors, clients and collaborators to support these wonderful initiatives. 


educateSan RafaelFundación Balia

logo aladina


Contact with us


Paseo Eduardo Dato 18, Piso 2. 28010 Madrid
+34 91 781 57 00
 +34 91 781 57 21


Rua da Esperança, 9. 1200-655 Lisboa
+35 1 210 106 795
 +35 1 210 106 793

Press contact

Comco Comunicación
+34 91 436 18 00

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