Post by account_disabled on Mar 13, 2024 0:20:34 GMT -5
The Milepro Logística de Última Mile Socimi, promoted by the manager Azora, debuts on the stock market after receiving the 'green light' from the Market Coordination and Incorporations Committee of BME Growth. This is the fourth company and second REIT to join this market so far this year.
As confirmed by the platform, MilePro is going big this May 26 at a price of 26 euros per title, which implies a total valuation of the company of 62.3 million euros, and Renta 4 acts as both registered advisor of the investment vehicle and liquidity provider.
This SOCIMI, which was established in 2021 between Phone Lead Azora and Indosuez Wealth Management, already has a total of 4 operating assets located in Madrid, Barcelona and Seville, which have 100% occupancy. Among its tenants are companies such as Dachser, Palibex or the food group Froiz. In addition, it has a finalist plot, also located in the first ring of Madrid, where it plans to develop a 12,081 m² project designed under the highest standards of quality and sustainability, since it will have a BREEAM® Excellent certification.
In total, its current portfolio totals 56,097 m2 and, according to the consulting firm CBRE, its valuation is around 59.9 million euros. The warehouses are located in Villaverde (Madrid), Alcalá de Guadaira (Seville), Getafe (Madrid) and Gélida (Barcelona) and all are managed by Azora.
Looking to the future, the company continues to very actively analyze investment opportunities in the main markets of the Peninsula. Specifically, in Madrid, Barcelona, Malaga, Valencia, Seville, Bilbao, Zaragoza and Lisbon.
MilePro is focused on consolidating a portfolio of high-quality logistics assets in terms of locations, construction and operational qualities, and strength of its tenants. And its main objective is to create a portfolio of real estate assets related to the logistics sector with a last mile focus , which also has the purpose of investing in the improvement and transformation of said sector in order to offer a better quality of service to both people and companies that require logistics services.
The listing of the Socimi, as explained by Javier Picón, partner responsible for logistics at Azora, "is one more step in our strategy to expand our investments in logistics and confirms our commitment to continue investing in consolidated markets with solid fundamentals, always in in line with the general market situation and remaining very selective in terms of the quality of assets and tenants.
As confirmed by the platform, MilePro is going big this May 26 at a price of 26 euros per title, which implies a total valuation of the company of 62.3 million euros, and Renta 4 acts as both registered advisor of the investment vehicle and liquidity provider.
This SOCIMI, which was established in 2021 between Phone Lead Azora and Indosuez Wealth Management, already has a total of 4 operating assets located in Madrid, Barcelona and Seville, which have 100% occupancy. Among its tenants are companies such as Dachser, Palibex or the food group Froiz. In addition, it has a finalist plot, also located in the first ring of Madrid, where it plans to develop a 12,081 m² project designed under the highest standards of quality and sustainability, since it will have a BREEAM® Excellent certification.
In total, its current portfolio totals 56,097 m2 and, according to the consulting firm CBRE, its valuation is around 59.9 million euros. The warehouses are located in Villaverde (Madrid), Alcalá de Guadaira (Seville), Getafe (Madrid) and Gélida (Barcelona) and all are managed by Azora.
Looking to the future, the company continues to very actively analyze investment opportunities in the main markets of the Peninsula. Specifically, in Madrid, Barcelona, Malaga, Valencia, Seville, Bilbao, Zaragoza and Lisbon.
MilePro is focused on consolidating a portfolio of high-quality logistics assets in terms of locations, construction and operational qualities, and strength of its tenants. And its main objective is to create a portfolio of real estate assets related to the logistics sector with a last mile focus , which also has the purpose of investing in the improvement and transformation of said sector in order to offer a better quality of service to both people and companies that require logistics services.
The listing of the Socimi, as explained by Javier Picón, partner responsible for logistics at Azora, "is one more step in our strategy to expand our investments in logistics and confirms our commitment to continue investing in consolidated markets with solid fundamentals, always in in line with the general market situation and remaining very selective in terms of the quality of assets and tenants.