Socimi Vitruvio Will Debut On The MAB On 8 July

7 July 2016 – Europa Press

The Socimi Vitruvio will debut on the Alternative Investment Madrid (MAB) on Friday, 8 July, at a price of €12.63 per share, which represents a market capitalisation for the company of €38.5 million, according to the BME.

The company owns a portfolio containing four residential buildings, five offices and four retail premises in Madrid, as well as one penthouse apartment in Ibiza.

Vitruvio is the nineteenth Socimi to debut on the MAB, with the ultimate aim of raising funds to finance growth.

Vitruvio’s share capital is divided between around 121 shareholders, however four of them control around 28% of the total capital. According to the prospectus for the IPO, these four shareholers are: Eva Martínez Ertl, Antonio Martínez-Cabrera, Juan Acero-Riesgo and Matías Ortiz de Saracho.

The Socimi’s Chairman and CEO is Joaquín López-Chicheri, a professional who has combined his career in private banking with academic work and who, since 2013, has also chaired the fund CorA Investment.

Vitruvio’s portfolio of real estate assets includes a residential building for rent in Calle Ayala in Madrid, in the neighbourhood of Salamanca, and another on Calle Sagasta, in Chamberí.

In addition, it owns several retail premises on Calles Goya, Bravo Murillo and López de Hoyos, an office building on Fernández de la Hoz and a restaurant in Centro Colón.

Vitruvio closed 2015 with a profit of around €433,000, 51% higher than the previous year when its results were penalised by certain tax effects. Its revenues from rental income rose by 12% to €667,000.

The Socimi will debut on the MAB under the ticker symbol YVIT and its shares will be traded under the price fixing system

Original story: Europa Press

Translation: Carmel Drake

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