Gore Spain Holdings SOCIMI to start trading on MAB on 19 January
The 29th REIT to list on MAB
The Board of Directors of MAB has approved the listing of GORE Spain Holdings SOCIMI on the SOCIMI (REITs) segment of this market, following a thorough review of all the information presented by the company and after the favourable assessment report on its listing issued by MAB’s Coordination and Admission Committee.
The company - the 29th REIT to list on MAB - is scheduled to start trading on Thursday, January 19th.
The company’s trading code will be “YGRE” 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”. Renta 4 Corporate is acting as Registered Adviser and Renta 4 Banco as Liquidity Provider.
Based on the appraisal report by independent expert CBRE Valuation Advisory, the reference value set by the company's Board of Directors for each of the shares is €14.58, which brings its overall valuation to €144 million.
GORE Spain Holdings SOCIMI is the dominant player in a group comprising 18 fully owned subsidiaries, of which 17 have opted for the SOCIMI scheme dedicated to the acquisition and leasing of real estate in Spain. At present it owns 20 assets. The company has a sole shareholder, GreenOak Spain Investment.
The Informative Document of GORE Spain Holdings SOCIMI is available on MAB’s website (www.bolsasymercados.es/mab), where all the information about the company and its activities can be found.
