14 June 2018 – Eje Prime
Única Real-Estate is one step closer to its stock market debut. The Socimi is finalising the procedures to start trading on the Alternative Investment Market (MAB) this month. The company owns 29 commercial premises in the Community of Madrid (25 in Madrid capital and four in other municipalities) with a combined net book value of €32.5 million and an annualised gross rental income of more than €1.9 million.
The Socimi is committed to diversifying its portfolio to ensure that no single asset exceeds 15% of the total portfolio, and for a moderate financial leverage equivalent to less than 40% of the market value of the combined investment.
Única, which defines itself as a long-term investor, was created in 2015 and financed its previous growth through capital increases. In September 2017, the real estate firm became a Socimi. The President of Única is Eduardo Paraja, who used to be the CEO of Metrovacesa and an external advisor to Habitat.
Original story: Eje Prime
Translation: Carmel Drake