Colón Viviendas Socimi Will Debut On MAB With Value Of €19M

15 June 2017 – Invertia

The MAB’s Coordination and Incorporations Committee has submitted a favourable report to the Board of Directors regarding the debut of Colón Viviendas on the stock market, after analysing the documentation presented by the company, according to a statement issued yesterday by the Spanish Stock Exchanges and Markets (BME).

If it receives the green light from the MAB’s Board of Directors, Colón Viviendas will become the thirty-fourth Socimi to debut on this market.

The company’s trading code will be “YCOL” and its shares will be traded through the “fixing” system, which fixes their price twice a day.

Taking into consideration the valuation report prepared by the independent expert CBRE Valuation Advisory, Colón Vivienda’s Board of Directors has set a reference value for its shares of €2.13, which represents a company market valuation of €19 million.

Armabex is the Socimi’s registered advisor and BNP Paribas España is acting as the liquidity provider.

Colón Viviendas Socimi is a real estate company dedicated to investing in residential rental assets and it is managed by Azora Gestión SCIIC.

Original story: Invertia

Translation: Carmel Drake

GreenOak’s Socimi, Gore Spain Holdings, Debuts On The MAB

18 January 2017 – Expansión

The company Gore Spain Holdings Socimi will debut on the Alternative Investment Market (MAB) on Thursday (19 January), after the MAB’s Board of Directors approved its incorporation into the Socimi segment, having analysed the information presented by the company and after the Coordination and Incorporation Committee issued a favourable assessment report.

On the basis of the share valuation report prepared by the independent expert CBRE Valuation Advisory, the company’s Board of Directors has set a reference value of €14.58 for its shares, which represents a total market capitalisation of €144 million.

Gore Spain Holdings Socimi will be the twenty-ninth Socimi to join the MAB. The company’s trading code will be “YGRE” and its shares will be traded through a price fixing system.

According to a statement by the Spanish Stock Exchange (BME), Renta 4 Corporate is the Registered Advisor for the operation and Renta 4 Banco is the Liquidity Provider.

Gore Spain Holdings Socimi is the parent company of a group that comprises 18 fully owned subsidiaries, of which 17 have opted to operate under the Socimi structure, designed for the acquisition and rental of properties in Spain. The group currently owns 20 assets and has a single shareholder, GreenOak Spain Investment.

Original story: Expansión

Translation: Carmel Drake