- Twelfth SOCIMI (REIT) to join this market segment
The Coordination and Admissions Committee of the Mercado Alternativo Bursátil (MAB) has submitted to the Board of Directors a favourable report on CORPFIN CAPITAL PRIME RETAIL III,stating that the company is eligible for admission to the SOCIMIs (REITs) segment of this market, following a review of all the information presented by the company.
The company, the 12th to be listed on the MAB’s REITs segment, is scheduled to start trading next Wednesday, 27 January, pending the approval by the Board of MAB.
The company’s trading code will be YPR3 and trading will be through a price setting mechanism which will match buy and sell orders by means of two daily auction periods or “fixings”, at 12 hrs and at 16 hrs. Armabex Asesores Registrados is acting as Registered Adviser and the Spanish branch of BNP Paribas as Liquidity Provider.
Circular 2/2013, which governs the regime applicable to SOCIMIs, requires independent expert appraisals. Based on their report for Corpfin Capital Prime Retail III, each of its shares was valued by its Board of Directors at €1.6, giving the company an overall valuation of €15,534,592
Corpfin Capital Prime Retail III SOCIMI through CCPR ASSETS SOCIMI of which holds a participation of a 40%, owns a property portfolio made up of commercial premises located in Madrid, San Sebastián, Vitoria, Burgos and Valencia.
Corpfin Capital Prime Retail III SOCIMI Informative Document is available on MAB’s website (www.bolsasymercados.es/mab), where all the information about the company and its activities can be found.