21 February 2018 – Eje Prime
A new Socimi is going to make its stock market debut in 2018. Galil Capital, a company specialising in residential assets, has received the green light from the Alternative Investment Market’s Coordination and Incorporations Committee to start trading. Worth €20.5 million, the company still has to wait for approval from the MAB’s Board of Directors, which always has the last word.
Galil Capital RE Spain has received a favourable report from the body responsible for the entry of new companies onto the MAB, to which it has submitted a reference price for its company of €10 per share.
The company’s portfolio of real estate assets comprises five buildings located in Barcelona and Madrid, which all have commercial premises on their ground floors, also owned by the Socimi.
With this new arrival, the MAB will come close to having fifty listed companies, and that is before the debut of Témpore Properties, the Socimi owned by Sareb, which plans to ring the bell before the spring. The company’s GAV amounts to €175 million, a volume that will be added to the €773 million in assets that have made their debuts on the Alternative Investment market in recent months.
Original story: Eje Prime
Translation: Carmel Drake