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Socimi Inmofam 99 Will Debut On The MAB On 21 Dec

19 December 2016 – Finanzas

The Socimi Inmofam 99 will debut on the Alternative Investment Market (MAB) on Wednesday 21 December, at a price of €17.60 per share, according to the BME.

This price values the company at €38.83 million. Inmofam 99 owns a portfolio of retail premises located on the main shopping streets of a number of Spanish capital cities, as well as one residential building in Oviedo.

The portfolio includes a shop on Calle Raimundo Fernández Villaverde in Madrid and another two on Paseo Zorrilla in Valladolid.

On the financial side, Inmofam 99 has two loans, granted by the entity Banca March and both are secured by mortgaged assets. The first, amounting to €2.48 million, expires in December 2019 and €1.72 million has been drawn down to date. The other, amounting to €3.90 million, matures in 2022 and €3.12 million has been drawn down so far.

This is the 27th Socimi to debut on the MAB in 2016 and, like its predecessors, it will begin trading by means of a price fixing system.

Original story: Finanzas

Translation: Carmel Drake