2 December 2015 – El Economista
The Socimi Zambal, owner of the ABC Serrano shopping centre, amongst other properties, has debuted on the Alternative Investment Market (‘Mercado Alternative Bursátil’ or MAB) with a 4.84% increase, after it recorded an initial price of €1.30/share, compared with the price it set to go public (€1.24).
Zambal, the eleventh real estate firm of its kind to debut on this market, is the owner of nine office and commercial buildings in Madrid and Barcelona.
Besides the ABC Serrano shopping complex, located in the centre of the capital, the firm is the landlord of Día, Unidad Editorial, BMW Ibérica, Enagás and Vodafone España, since it leases buildings in Madrid in which these companies have their respective corporate headquarters.
In the commercial sphere, Zambal is the owner of a property in Plaza de Cataluña in Barcelona, which El Corte Inglés occupies under a lease contract.
Zambal listed on the MAB under the ticker ‘YZBL’ and its shares were traded through a fixing system. At the first auction, held at 12:00h, the company sold 1,500 shares.
Original story: El Economista
Translation: Carmel Drake