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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.

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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.