The Coordination and Admissions Committee of the Mercado Alternativo Bursátil (MAB) has submitted to the Board of Directors a favourable report on four REITs of INBEST PRIME INMUEBLES (INBEST I, INBEST II, INBEST III e INBEST IV), following a thorough review of all the information presented by the company.
The listing of the four REITs requires the prior approval of the Board of Directors of MAB.
The reference price set by the Board of Directors of each company is 1 euro, which brings the total value to 26.36 million euros for INBEST I; 8.59 million euros for INBEST II; 13.62 million euros for INBEST III and 36.12 million euros for INBEST IV.
These companies do not directly own real estate assets but rather indirectly through their participation in Assets I and Assets II, which are end vehicles through which properties are bought, managed and sold. At present, these vehicles have a portfolio of buildings and commercial premises mainly located in Madrid, Valencia, Bilbao and Las Palmas.
The companies´ ticker symbols will be YINB1”, “YINB2”, “YINB3” and “YINB4”, respectively. Deloitte is the Registered Adviser while Renta 4 Banco will act as Liquidity Provider.
The Informative Document on the four companies can be found on the MAB’s website (www.bolsasymercados.es/mab) and contains all the relevant information on the companies and their businesses.