12 January 2018 – Expansión
The listed real estate investment company (Socimi) Tander Inversiones has debuted on the Alternative Investment Market (MAB) with no change to its initial price, which was fixed at €9.50 per share.
Tander Inversiones, which is trading under the code “YTAN”, was listed through the fixing contracting system, which sets prices twice a day, in such a way that the next variation will be published at 16:00.
The starting price of €9.50 per share, which had been established by the Socimi’s Board of Directors, represents a company valuation of €49.8 million.
Renta 4 Corporate served as the registered advisor, whilst Renta 4 Banco was the liquidity provider.
Tander Inversiones Socimi is a company dedicated to investment in properties, primarily retail premises allocated for rent.
The Socimi owns a portfolio of assets comprising five retail premises in Barcelona and another one in Santander.
Original story: Expansión
Translation: Carmel Drake