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Almagro closes €16M capital increase
08 August 2019 | Vanessa Sousa

The REIT specialised in senior real estate concluded last week a 16.3 million euro capital increase.

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According to the release sent to Mercado Alternativo Bursátil, 15 million shares were issued, 4.6 million were subscribed during the preferential subscription period, 4.2 million during the additional subscription period and 6.2 million during the discretionary subscription period.

This amount will be the fuel which will feed the REIT’s expansion, since, according to Eje Prime, the company is now looking for investment opportunities within the Spanish capital’s prime areas.

Currently, its portfolio is constituted by 26 assets with a total combined area of 3.606 sqm.