Barcino Property: the MAB’s 46th Socimi Will Make its Debut on 27 Dec

21 December 2017 – Eje Prime

The Alternative Investment Market will close 2017 by welcoming two new Socimis on 27 December, including the Catalan manager Barcino.

Barcino Property, together with Student Properties, will close a year of almost non-stop debuts on the Alternative Investment Market (MAB). The stock market of choice for most of Spain’s Socimis will welcome the Catalan manager on 27 December. With a share price of €1.33, the 46th company to join the MAB will debut with a company valuation of €19.1 million.

Specialising in real estate investment and management, the Catalan company holds eight properties in its portfolio, all located in the metropolitan area of Barcelona. Most of its assets are rental homes, although it does also own some office buildings and retail premises.

Currently, the Socimi is controlled (50.01%) by Barcino Management and managed by the company linked to the firm Vistalegre Property Management.

Original story: Eje Prime

Translation: Carmel Drake

The Doctors’ Mutual Company Debuts its Socimi on the MAB

22 December 2017 – Idealista

Within less than 10 days left before the end of the year, the Alternative Investment Market (MAB) is still welcoming more Socimis.

On 22 December, it is the turn of PSN Gestión, an investment vehicle controlled by the doctors’ mutual company, which will debut with a share price of €14.20 and a market value of €28.1 million.

This company holds 27 properties in its portfolio, mostly offices (although it also owns one hotel and several other premises – a clinic, a chemist, a daycare centre-…), which are located in different cities across Spain and Portugal. It has a presence in the following cities: Madrid, Barcelona, Valencia, San Sebastián, Sevilla, Granada, Oviedo, Santander, A Coruña, Lisbon, Porto and Coimbra, amongst others.

In total, its portfolio has a combined constructed surface area of 14,500 m2 and an average occupancy rate of 67%. For its stock market debut, VGM Advisory Partners is participating as the Registered Advisor and Banco Sabadell as the Liquidity Provider.

PSN Gestión will be the 44th Socimi to join the MAB (and the 17th to do so this year), although there will be two more debuts next week starring: Student Properties Socimi, the first Socimi specialising in halls of residence for students, which will make its debut with a company valuation of €12.65 million; and Barcino Property Socimi, whose portfolio comprises eight properties located primarily in the metropolitan area of Barcelona, and whose initial capitalisation will amount to €19.1 million.

Both of those investment vehicles will make their stock market debuts on 27 December, which will allow the MAB to close the year with a record 19 debuts and 46 Socimis in total.

Original story: Idealista

Translation: Carmel Drake