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The ‘La Ermita de Madrid’ Shopping Centre Makes its MAB Debut as a Socimi

The Socimi Desarrollos Ermita del Santo, owner of the shopping centre of the same name in the historic centre of Madrid, has received the go-ahead for its MAB debut with a valuation of 21 million euros.

A new listed real estate investment company is preparing to make its debut on the stock market in 2020. Following in the footsteps of Home Capital, Gavari Properties and Nextpoint, Desarrollos Ermita del Santo will be the fourth Socimi to go public on the MAB this year (and the fifth company in general).

The real estate company controlled by Alberto Enrique Finol Galué will make its debut on the MAB on 31 July valued at 21 million euros, equivalent to 424 euros per share, whereby becoming the firm with the most expensive shares on that market.

Read the full article in Spanish.

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