Afirma Grupo Inmobiliario SA is a Spain-based company principally engaged in the real estate sector. It specializes in the acquisition, purchase, management, construction, rent and sale of residential and non-residential properties. The Company is also involved in the promotion and exploitation of land development projects. The Company’s portfolio includes such properties as residential and offices buildings, holiday apartments, hotels and retirement homes, among others. As of December 31, 2008, the Company owned a number subsidiaries and affiliates operating in Madrid and in the Spanish provinces of Valencia, Madrid, Zaragoza and Castello, as well as it was a parent of three controlled entities with activities established in Hungary, Romania and Brazil.