20 July 2019 – Richard D. K. Turner
The socimi Torimbia will debut on Madrid’s alternative stock market (MAB) after receiving the necessary approvals from the MAB’s board of directors. The company will trade under ‘YTRM’, with Renta 4 Corporate listed as the registered advisor and Renta 4 Banco as Liquidity Provider. The listing would set the firm’s shares at 27.40 euros, giving the socimi a total value of 140 million euros.
Torimbia, which incorporated in 1966, controls and operates eight real estate assets including three hotels, three commercial premises and two offices in Madrid, with a total gross leasable area of 34,620 square meters.
Original Story: Valencia Plaza