24 September 2015 – Europa Press
Corpfin Capital Prime Retail, the Socimi that manages retail premises on several Spanish high streets, will make its debut on the Alternative Investment Market (‘Mercado Alternativo Bursátil’ or MAB) this Friday 25 September, at a price of €1.60 per share, representing a company market value of €23.28 million.
Corpfin will be the tenth Socimi to go public on MAB after Autonomy Spain Real Estate, which is due to debut today (Thursday).
Corpfin manages 12 retail premises in total, located on the main shopping streets in Madrid, San Sebastián, Vitoria and Burgos.
In the capital, its assets are located on the so-called “Golden Mile”, in other words, on Calles Serrano and Goya, as well as on Calles Princesa and Fuencarral.
Corpfin explains that it “fully owns” the properties in which its retail premises are located, with the exception of the two buildings on Princesa and Goya.
Corpfin’s tenants include brands from the textile group Inditex, Mango, Décimas, Vodafone and La Sureña.
The company is seeking to raise funds through its debut on the MAB, which it will use to finance its future growth and purchase new assets, as well as to open itself up to new investors.
Corpfin Capital Real Estate is led by Javier Basagoiti Miranda, a former director of Ferrovial Inmobiliaria and Martinsa Fadesa, who has 28 years of experience in the real estate sector. Mr Basagoiti Miranda is currently also a Senior Advisor at KPMG in the Corporate Finance & Real Estate team.
Original story: Europa Press
Translation: Carmel Drake