Tag: Silicius

Silicius Hires Mayte Forján as the Asset Manager for its Shopping Centres

Mayte Forján has more than 25 years of experience in the management and administration of shopping centres in companies such as Merlin Properties, Unibail Rodamco and CBRE.

The Socimi Silicius, which specialises in the management of rental properties, has recruited Mayte Forján as the property manager (Asset Manager) for the shopping centres that it has under its administration. Its portfolio includes the Bahía Plaza in Los Barrios (Cádiz), the Thader in Murcia and La Fira in Reus (Tarragona).

Mayte Forján has more than 25 years of experience in the management and administration of shopping centres. She has worked for several leading companies in the sector, including Merlin Properties, Unibail Rodamco, CBRE and Cushman & Wakefield, amongst others.

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

Silicius and Merlin in Talks on Transfer of Three Shopping Centres

2 December 2019 – The socimi Silicius is close to finalising negotiations to take on three shopping centres worth €175 million from Merlin Properties. The agreement, which would involve a capital increase, to take the socimi’s total portfolio from €470 million to approximately €650 million, nearer to its goal of reaching one billion euros in assets in the first quarter of 2020.

Silicius only has debts of €200 million, and the firm is currently finalising several other possible acquisitions worth €100 million in Spain.

Original Story: El Confidencial – Ruth Ugalde

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 Acquires Retail Asset in Castellón for €12 Million

7 August 2019

Silicus, the Mazabi Group’s socimi, has acquired a retail asset in the Parque Comercial Ciudad del Transporte, in Castellón, for more than 12 million euros.

The property has an area of 8,139 square meters and is occupied by Conforama, in a long-term rental contract.

Original Story: Expansión

Adaptation/Translation: Richard D. K. Turner

Silicius with 8 New Capital Increases Worth €320 Million Since February

31 July 2019

The Mazabi Group’s socimi, Silicius, announced it has carried out eight capital increases through the incorporation of real estate valued at more than 320 million euros since February.

The non-monetary real estate contributions include Calle Carretas, 10, in Madrid, the Siemens Gamesa headquarters in Bilbao, the Hotel on San Onofre Street, 5, in Madrid and a hotel in Mallorca, among others.

The capital increases have also led to the entry of dozens of new shareholders, from Spain as well as Latin America and the rest of Europe.

Original Story: La Vanuguardia / EFE

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

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