Retail Socimi Única’s Profit Soared by 42% in 2018

26 February 2019 – Eje Prime

Única Real Estate is on a roll. The Socimi, which specialises in retail premises, has presented its results for 2018, revealing 42% higher earnings than a year earlier. Specifically, the company recorded a profit of €495,498, compared to €348,060 in 2017.

In parallel, Única generated revenues of €19.7 million, which translates into growth of 49% compared to its turnover a year earlier. The company’s operating result amounted to €858,105 in 2018, up by 45.6% compared to a year earlier.

The Socimi also reported that its real estate portfolio ended the year with a market value of €44.8 million, according to a valuation carried out by Savills Consultores Inmobiliarios. In total, Única has 36 commercial premises, spanning 8,655 m2 (…).

Looking ahead, Única’s forecasts involve executing the corporate operation in which it has been immersed since the end of 2018, and which involves the purchase of 100% of the company’s shares by Vitruvio Real Estate Socimi (…).

Única completed its stock market debut in 2018, and started trading on the Alternative Investment Market (MAB) on 27 June. The Socimi ended the year with a market capitalisation of €30.5 million and a share price of €26.60, up by 1.6% compared to its debut.

Original story: Eje Prime 

Translation: Carmel Drake

Vitruvio Submits €32M Bid to Acquire Única Real Estate

8 November 2018 – Eje Prime

Vitruvio is planning to grow from inside the Alternative Investment Market (MAB). The Socimi chaired by Joaquín López-Chicheri has submitted an offer amounting to €31.96 million for Única Real Estate, the manager that is also listed on the same exchange, according to a statement filed by the company with the MAB.

The bid covers 100% of Única’s share capital, for which the Socimi has established a payment of approximately €27.14 per share, on the basis of the number of shares in circulation to date and the valuation that Vitruvio has determined for the company.

The team led by López-Chicheri has agreed that the payment may be made both in cash as well as by exchanging shares in Vitruvio. Each shareholder that participates will have to accept a share exchange as the payment form for at least 25% of the shares that they sell and a maximum of 75% in cash, explained the company.

Moreover, the Socimi is offering Única the possibility of postponing the appointment of a representative to its Board. After learning about the interest of the listed company in purchasing it, the operation must be approved at the General Shareholders’ Meeting by 51% of Vitruvio’s shareholders, once the favourable reports have been received from an independent expert designated by the Mercantile Registry and following the legal, technical and financial review.

Vitruvio: profits up by 22% to June to €580,000  

The Socimi, specialising in the management of office buildings, homes and commercial premises, recorded a profit of €578,459 during the first half of 2018, up by 21.8% compared to the same period in 2017.

Supported by its 288 investors, of which only one owns more than 5% of the company, Vitruvio owns around thirty real estate assets located all over Spain. Nevertheless, the Socimi has a clear focus on Madrid, given that the Spanish capital accounts for 79% of its portfolio. The other assets are located in Bizkaia (10%), Barcelona (4%) and a number of other cities ranging from Palencia to Salamanca, and including Ourense, Badajoz and Zamora.

Original story: Eje Prime 

Translation: Carmel Drake

Única Purchases a Portfolio of 5 Assets from AM Locales for €4.6M

27 July 2018 – Idealista

The Socimis are trading assets. Única Real Estate is getting out its chequebook for the first time since it made its debut on the Alternative Investment Market (MAB) to purchase a package of five commercial establishments from the Socimi AM Locales Property for €4.6 million. The assets are located on the main commercial thoroughfares of Madrid and Móstoles.

Única Real Estate is going to add to its portfolio a store at number 30 Calle Goya, another at number 31 Calle Augusto Figueroa and a third at number 310 Calle Alcalá, all in Madrid. In Móstoles, the assets are located at number 23 Avenida Dos de Mayo.

The total price of the premises described amounts to €4.6 million, and they span a combined constructed surface area of approximately 805 m2. “This purchase has been financed using own funds and with a mortgage loan from Bankinter for €2 million”, explain sources at the group.

Única Real Estate owns 35 retail premises in the Community of Madrid, with a combined value of €32.5 million, that generate annual rental income of more than €1.9 million. Currently, the Socimi’s capital is owned by 53 shareholders, including the company’s executives.

The Socimi, specialising in retail premises, has set itself the objective of investing at least €10 million each year on the purchase of new establishments in the Community of Madrid and other large Spanish cities. Única Real Estate, which made its stock market debut in June with a price of €25.25 per share, is also planning to undertake new capital increases over the coming months.

Meanwhile, AM Locales Property made its MAB debut last summer with a portfolio of 40 properties. The Socimi started its activity in 1990 and since then, has been undertaking a variety of real estate acquisitions in Spain. The company’s assets are, for the most part, commercial premises. Its properties are managed by Inversiones GB Balboa, which is controlled indirectly by the company (100%).

Original story: Idealista (by Custodio Pareja)

Translation: Carmel Drake

Única Real Estate to Invest €10M per Year Buying Commercial Premises

28 June 2018 – Eje Prime

A new roadmap for Única Real Estate following its debut on the stock market. The Socimi specialising in commercial premises has set itself the objective of investing at least €10 million each year in the purchase of new establishments in the Community of Madrid and other large Spanish cities.

Yesterday, the company made its debut on the Alternative Investment Market (MAB) at a price of €25.25 per share, according to Expansión. In addition to its debut on the stock market, the company is also planning to undertake new capital increases.

“Over the last three years we have been investing an average of around €10 million per year in assets and we would like to maintain that rhythm or accelerate it”, explained Andrés Femia, CEO at the Socimi.

Única Real Estate owns 29 commercial premises in the Community of Madrid, worth €32.5 million, which generate annual rental income of more than €1.9 million. Currently, the Socimi’s share capital is owned by 53 shareholders, including the company’s executives.

Original story: Eje Prime

Translation: Carmel Drake