Silicius Real Estate Completes €22-Million Capital Increase

11 December 2019 – The Socimi Silicius Real Estate has finalised a further €22-million capital increase. The increase is aimed at “the continuation of the investment plan set out in the Company’s Business Plan.” Current shareholders took up the new shares, along with 13 new investors.

The firm also acquired 29% of Shark Capital, which is also managed by Mazabi. Shark invests in real estate focusing on long-term, stable income streams. It currently owns properties in London, Amsterdam and Luxembourg.

Original Story: Merca2 – Javier Rosell

Adaptation/Translation: Richard D. K. Turner

Silicius Starts Spending: Buys Four Buildings in Central Madrid

2 December 2019 – The socimi Silicius Inmuebles has finalised the acquisition of four properties in central Madrid for more than 35 million euros. The socimi, which is controlled by the Spanish financial group Mazabi, intends to renovate the four buildings for the residential rental market. The assets have a total surface area of ​​7,466 m2, including 5,000 m2 for 25 flats, 1,635 m2 for four stores and an 829-m2 pavilion.

The acquisition is Silicius’s first of residential assets in Spain. The firm is looking to increase and diversify its asset portfolio to reach the optimal size for its expected IPO early next year.

Original Story: Merca2 – J.R.

Adaptation/Translation: Richard D. K. Turner

Mazabi to Invest €40 Million in New Co-Living Development in Madrid

8 November 2019 – The Spanish asset management Mazabi intends to invest a total of €40 million in converting the properties located at Calle de los Madrazo, 6, 8 and 10 into 25 luxury co-living flats with a total of between 60 and 80 rooms.

Mazabi is currently negotiating with potential partners to operate the development. The firm is looking to focus on three-to-twelve month rental contracts, with the development opening in the second half of 2020.

The building, which the firm acquired three years ago, has 8,000 square meters of surface area for flats, with another 2,300 m2 for stores. Of the latter, Mazabi is looking to create a flexible workspace, stores and restaurants.

Original Story: Eje Prime – Marc Vidal Ordeig

Adaptation/Translation: Richard D. K. Turner

Silicius Looks to List on Spain’s Continuous Market

18 September 2019 Silicius, the socimi controlled by Mazabi, is seeking to raise €1 billion in gross investments in preparation for its debut on Spain’s Continuous Market during the first semester of 2020. That market would provide a level of liquidity that is not present in the MAB. Silicius focuses its investments in the hotel and retail sectors.

Original Story: Merca2 – Carlos Lospitao

Adaptation/Translation: Richard D. K. Turner

Silicius Adds Bahía Plaza Shopping Centre to Portfolio in Non-Monetary Capital Increase

28 July 2019 – Richard D. K. Turner

The socimi Silicius, managed by Mazabi, has finalised a third capital increase of more than 20 million euros through the addition of the Bahía Plaza Shopping Center (Los Barrios, Cádiz) to its asset portfolio of assets. The shopping centres previous owners joined Silicius as new shareholders.

The centre, which has a gross leasable area of 19,190 m2, has an occupancy rate of 98%. Its current tenants include Burger King, Foster’s Hollywood , La Tagliatella, 100 Montaditos and Odeon.

Original Story: Idealista

Solicius Acquires Office Building Housing BBVA in Vitoria

17 July 2019 – Richard D. K. Turner

Solicius, the socimi owned by the Mazabi Group, has acquired a property in Vitoria. The asset is a building located at Calle Eduardo Dato, 12, in one of the most consolidated areas of the city. The almost 2,500-m2 building is valued at more than 10 million euros and is currently fully leased to BBVA.

The socimi is currently building up its portfolio of properties before an intended stock market listing sometime next year. Solicius’ goal is to reach €1 billion in assets. At the moment, its diversified portfolio consists of more than twenty properties.

Original Story: Idealista

 

Silicius Plans Stock Market Listing in 2020

29 June 2019

Sicilius, a socimi currently valued at 168 million euros, is planning on a listing on the MAB or even the Spain’s porincipal stock market, once it reaches its goal of €700 million to €1 billion under management. The firm is busily increasing its portfolio, while looking for additional partners to help it reach its goal.

Mazabi, which owns the socimi, is also planning to transfer up to 740 million euros in assets to the firm by the end of the year.

Original Story: Merca2 – Carlos Lospitao

Silicius Sells an Office Building in the Centre of Madrid

3 June 2019 – Eje Prime

Silicius has taken another step in its strategy to debut on the stock market. The Socimi owned by Mazabi has sold an office building in the centre of Madrid to an investment vehicle created by Tenigla Real Estate for more than €9 million. The property spans a surface area of 3,648 m2 and is leased in its entirety to several tenants.

To undertake this purchase, Tenigla has created an investment vehicle together with several private investors. Following the operation, the company now has €90 million in assets under management.

Ahead of its debut on the MAB, Silicius is planning to create a portfolio worth €740 million by the end of 2019. Currently, the Socimi owns 17 assets worth €160 million, which generate annual income of more than €8 million.

Original story: Eje Prime

Translation/Summary: Carmel Drake

Mazabi to Grow its Socimi to Make Stock Market Debut with €1bn in Assets

18 March 2019 – Expansión

Mazabi, the firm that manages the wealth of 35 family offices and which owns €1.54 billion in assets, is getting its ducks in a row ahead of the planned debut of its Socimi Silicius. The intention is for that entity to take ownership of the majority of the firm’s rental properties and whereby grow its portfolio to at least €1 billion before its IPO.

Currently, Silicius owns 17 assets, spanning 71,244 m2, worth €156 million in the office, retail, hotel and logistics segments. During 2019, new properties will be transferred to it to increase its portfolio to €740 million by the end of the year, with an associated debt of €240 million.

Moreover, 80% of the operations that the manager executes over the coming months will also be transferred to the Socimi. Mazabi typically invests between €100 million and €150 million per year, according to its CEO, Juan Antonio Gutiérrez (pictured above).

New investors

At the same time, Mazabi is looking for investors who want to get involved in its project. To this end, it has engaged KPMG to find an investor to acquire a stake in the Socimi before it is listed. At this stage, the firm has not decided whether Silicius will make its debut on the MAB or the main stock market. The timings have not been confirmed either, but if Silicius is registered as a Socimi in July, then it would make its debut on the MAB no later than July 2021.

Original story: Expansión (by Rebeca Arroyo)

Translation/Summary: Carmel Drake

Mazabi Sells Fever’s New HQ in Central Madrid for €6M

14 January 2019 – Expansión

The Spanish family office Mazabi has decided to sell an office building that it owns along the Prado-Recoletos thoroughfare in Madrid, next to the Congress of Representatives.

The property, which has a surface area of 1,400 m2, spread over the basement and six upper floors, is located on Calle Santa Catalina, 4. Mazabi acquired the property three years ago as a value-added investment, and during this period, it has renovated it and found a new tenant to now sell it for a profit.

Specifically, the property is soon going to be home to the headquarters of the US social platform Fever in Spain. The company, which has headquarters in New York, London and Madrid, has decided to relocate to these new offices in light of its major growth plans. Fever’s employees are expected to move in once the renovation and design work for the new offices has been completed, in a period of approximately nine months.

The operation, which has been brokered by the real estate consultancy Catella, has been closed for €6 million. The buyer is a Spanish family office (…).

Original story: Expansión

Translation: Carmel Drake