The Coordination and Admissions Committee of the MAB market has submitted to the Board of Directors a favourable report on ADVERO PROPERTIES SOCIMI, following a thorough review of all the information presented by the company.
The reference value set by the company’s Board of Directors for each of the shares is 6.5 euros, which brings its overall valuation to 10.6 million euros.
The ticker symbol will be “YADV” and it will be traded through the “price fixing” system. Solventis is the company’s Registered Adviser and will also act as Liquidity Provider.
ADVERO PROPERTIES SOCIMI was established in August 2017 with the mission of facilitating access to quality rental housing in middle-income areas in Spain. The company’s portfolio consists of five buildings with a total of 76 residential units, located in municipalities of Barcelona. The company is analysing incorporating new real estate assets in other regions of Spain.
The Informative Document on ADVERO PROPERTIES SOCIMI can be found on the MAB’s website (https://www.bolsasymercados.es/mab/ing/Home.aspx) and contains all the relevant information on the company.