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Vbare Completes €7M Capital Increase

3 August 2017 – Eje Prime

The Socimi Vbare has increased its share capital by more than €7 million. During the preferential subscription period, which ended on 22 July, 154,775 shares were subscribed in total, accounting for 19.63% of the total new shares offered under the framework of the capital increase.

During the discretional allocation period, which ended on 28 July, 391,914 shares were subscribed in total, accounting for 49.71% of the total new shares offered under the framework of the process.

“This capital increase has been performed in response to the demand from numerous investors to continue growing through the acquisition of a series of assets that have been identified and that fit with the company’s strategy”, said Vbare in a statement.

Last month, Vbare acquired two residential properties in Madrid as part of its portfolio growth policy. “The company is continuing to evaluate new investment opportunities in several locations”, said the company, which owns a portfolio of 196 homes in different areas of Madrid.

The company is a real estate investment vehicle, specialising in the acquisition and management of residential assets for rent. It debuted on the MAB on 23 December 2016. To date, the company has analysed assets worth more than €500 million.

Original story: Eje Prime

Translation: Carmel Drake