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Única Real Estate to Invest €10M per Year Buying Commercial Premises

28 June 2018 – Eje Prime

A new roadmap for Única Real Estate following its debut on the stock market. The Socimi specialising in commercial premises has set itself the objective of investing at least €10 million each year in the purchase of new establishments in the Community of Madrid and other large Spanish cities.

Yesterday, the company made its debut on the Alternative Investment Market (MAB) at a price of €25.25 per share, according to Expansión. In addition to its debut on the stock market, the company is also planning to undertake new capital increases.

“Over the last three years we have been investing an average of around €10 million per year in assets and we would like to maintain that rhythm or accelerate it”, explained Andrés Femia, CEO at the Socimi.

Única Real Estate owns 29 commercial premises in the Community of Madrid, worth €32.5 million, which generate annual rental income of more than €1.9 million. Currently, the Socimi’s share capital is owned by 53 shareholders, including the company’s executives.

Original story: Eje Prime

Translation: Carmel Drake