Tag: Vistalegre Property Management

Barcino Purchases a Property in Barcelona for €2.4M

4 December 2018 – Eje Prime

Barcino is going shopping in the Catalan capital. The Socimi, which made its debut on the stock market in December, has acquired an asset comprising nine homes and one office, located at number 105 Calle Hospital in Barcelona. The operation has been closed for almost €2.4 million, according to a statement filed by the company with the Alternative Investment Market (MAB).

The company has financed the purchase using funds obtained from the capital increase that it carried out in September, amounting to €9.7 million. In addition, the occupancy rate of the asset amounts to 89%, according to a statement filed by the group with the stock market regulator.

Barcino is in the process of growing its residential portfolio. Its most recent acquisition was at the beginning of October when it purchased a property in the Catalan capital for €2.8 million. In May, the company invested €2 million in the purchase of around twenty assets, also in Barcelona, the city where it centres all of its operations. Most of its buildings are rental homes, but it also owns offices buildings and commercial premises, located throughout the metropolitan area of the Catalan capital.

Before the end of 2017, the Socimi disbursed €1.6 million to acquire a residential building on Calle Girona. The company’s Board of Directors comprises Mateu Turró, in the role of President, and Francesc Ventura and Ralph Weichelt, as directors. Barcino was valued at €19.1 million when it made its debut on the MAB.

Specialising in real estate investment and management, the Socimi is controlled (50.01%) by Barcino Management and managed by a company linked to the firm Vistalegre Property Management.

Original story: Eje Prime

Translation: Carmel Drake

Barcino Completes a €9.7M Capital Increase

6 September 2018 – Eje Prime

Barcino is financing the expansion of its residential portfolio. The Socimi has completed its latest capital increase amounting to more than €9,761,033, through the subscription of 6,731,747 new shares. The operation has been conducted in two tranches, one for 3.9 million shares and the other for 2.8 million shares, according to a statement filed by the company with the Alternative Investment Market (MAB).

The Socimi, which has been listed on the MAB since last December, is in the middle of growing its residential portfolio. In May, it invested €2 million in the purchase of twenty assets in Barcelona, the city that represents the focus for all of its operations. Most of its buildings are rental homes, but it also owns offices and retail premises located all over the Catalan capital’s metropolitan area.

Before the end of 2017, the Socimi spent €1.6 million on a residential building on Calle Girona. The company’s Board of Directors comprises Mateu Turró, in the role of President, and two directors, Francesc Ventura and Ralph Weichelt.

In its debut on the MAB, Barcino was valued at €19.1 million. Specialising in investment and real estate management, the Socimi is controlled 50.01% by Barcino Management and managed by the company linked to the firm Vistalegre Property Management.

Original story: Eje Prime

Translation: Carmel Drake

Barcino Increases its Share Capital by €10M

25 June 2018 – Eje Prime

Barcino is injecting cash into its Socimi to continue its progress in the Spanish real estate sector. The manager has increased the entity’s share capital by €10.3 million through the issue and launch into circulation of the same amount of shares with a nominal value of €1 each, according to a statement filed by the company with the Alternative Investment Market (MAB).

The Socimi, which has been listed on the MAB since December, is in the middle of growing its residential portfolio. A month ago, the company invested €2 million in the purchase of around twenty assets in Barcelona, the city in which it has focused all of its operations. Most of its buildings are rental homes, although the manager also owns office properties and commercial premises spread over the metropolitan area of the Catalan capital.

Previously, two days before the end of 2017, the Socimi spent €1.6 million on a residential building on Calle Girona. The company’s Board of Directors comprises Mateu Turró, as the President of the company, and Francesc Ventura and Ralph Weichelt, who both serve as members.

At its stock market debut, Barcino was worth €19.1 million. Specialising in real estate investment and management, the Socimi is controlled (50.01%) by Barcino Management and is managed by a company linked to Vistalegre Property Management.

Original story: Eje Prime (by J. Izquierdo)

Translation: Carmel Drake

Barcino Property: the MAB’s 46th Socimi Will Make its Debut on 27 Dec

21 December 2017 – Eje Prime

The Alternative Investment Market will close 2017 by welcoming two new Socimis on 27 December, including the Catalan manager Barcino.

Barcino Property, together with Student Properties, will close a year of almost non-stop debuts on the Alternative Investment Market (MAB). The stock market of choice for most of Spain’s Socimis will welcome the Catalan manager on 27 December. With a share price of €1.33, the 46th company to join the MAB will debut with a company valuation of €19.1 million.

Specialising in real estate investment and management, the Catalan company holds eight properties in its portfolio, all located in the metropolitan area of Barcelona. Most of its assets are rental homes, although it does also own some office buildings and retail premises.

Currently, the Socimi is controlled (50.01%) by Barcino Management and managed by the company linked to the firm Vistalegre Property Management.

Original story: Eje Prime

Translation: Carmel Drake