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Barcino Property: the MAB’s 46th Socimi Will Make its Debut on 27 Dec
21 December 2017 – Eje Prime
The Alternative Investment Market will close 2017 by welcoming two new Socimis on 27 December, including the Catalan manager Barcino.
Barcino Property, together with Student Properties, will close a year of almost non-stop debuts on the Alternative Investment Market (MAB). The stock market of choice for most of Spain’s Socimis will welcome the Catalan manager on 27 December. With a share price of €1.33, the 46th company to join the MAB will debut with a company valuation of €19.1 million.
Specialising in real estate investment and management, the Catalan company holds eight properties in its portfolio, all located in the metropolitan area of Barcelona. Most of its assets are rental homes, although it does also own some office buildings and retail premises.
Currently, the Socimi is controlled (50.01%) by Barcino Management and managed by the company linked to the firm Vistalegre Property Management.
Original story: Eje Prime
Translation: Carmel Drake