23 January 2019 – Eje Prime
Urban View is finalising its debut on the MAB. The rental home Socimi is going to start trading on the Alternative Investment Market (MAB) on Friday for a price of €7.20 per share, which represents a valuation of €38 million.
The group, created in March 2017, is owned by the Urban Group holding company, which specialises in the acquisition and management of residential real estate assets. The firm will make its debut on the MAB with a portfolio of 454 assets, including homes, garages, commercial premises and a warehouse, through a dozen family Socimis.
The assets owned by Urban View Development are distributed across five autonomous regions: Cataluña and Madrid, which account for 96% of the portfolio; the Balearic Islands, Andalucía and the Community of Valencia. Currently, 31.7% of the company’s homes are leased.
Original story: Eje Prime
Translation: Carmel Drake