The 35th REIT to list on MAB
The Coordination and Admissions Committee of the Mercado Alternativo Bursátil (MAB) has submitted to the Board of Directors a favourable report on GENERAL DE GALERIAS COMERCIALES SOCIMI,stating that the company is eligible for admission to the market, following a review of all the information presented by the company.
The company - the 35th REIT to list on the MAB - is scheduled to start trading on 4 July, pending the approval by the Board.
The company’s trading code will be “YGGC” 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”. Armabex Asesores Registrados is acting as Registered Adviser and Banco Sabadell 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 €79, which brings its overall valuation to €2 billion.
GENERAL DE GALERIAS COMERCIALES SOCIMI is a real estate investment company dedicated, almost exclusively, to the development of the entire value chain associated with Shopping Centres, which aims to maximise medium-term income and the return on investments of portfolio real estate assets linked to shopping Centres. At present, the portfolio of the company is composed, among others, of seven Shopping Centres.
The Informative Document of GENERAL DE GALERIAS COMERCIALES SOCIMI is available on MAB’s website (www.bolsasymercados.es/mab), where all the information about the company and its activities can be found.