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Grupo Ortiz plans €19M capital increase
04 April 2019 | Vanessa Sousa

To keep investing in the Spanish real estate market, Grupo Ortiz’s REIT should perform a 19.3 million euro capital increase.



During the extraordinary meeting in March, the REIT’s shareholders agreed to issue 1.24 million new shares at 4.65 euro each. With this operation the company should obtain a nominal amount of 5.75 million euro and, according to the release made available by the company at Mercado Alternativo Bursátil, it will obtain a 13.5 million euro share premium.

Future investments will be made in different sectors. Currently, the construction REIT’s portfolio includes several office buildings, industrial warehouses and garages, which have a combined value of 19 million euro.