Press Release

Hadley Investments SOCIMI to start trading on MAB on 15 June

13 June, 2016
  • Seventeenth 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 HADLEY INVESTMENTS SOCIMI,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 17th to be listed on the MAB’s REITs segment, is scheduled to start trading on 15 June, pending the approval by the Board of MAB.

The company’s trading code will be YHLY 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. Renta 4 Corporate is acting as Registered Adviser and Renta 4  Sociedad de Valores as Liquidity Provider. 

Based on the appraisal report by independent expert Gesvalt Sociedad de Tasación the reference value set by the company's Board of Directors for each of the shares is €6.15, which brings its  overall valuation to €30.75 million. 

HADLEY INVESTMENTS SOCIMI is the owner of three real estate assets, namely a commercial outlet in Palma de Mallorca, another commercial outlet and a warehouse in Las Lagunas (Santa Cruz de Tenerife) and a commercial outlet in Pamplona as well rights on the surfaces of houses located in Vallecas (Madrid) and La Ventilla (Madrid). 

HADLEY INVESTMENTS SOCIMI's 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.

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