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