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Mazabi wants to increase Silicius’ capital in €300M
12 March 2020 | Vanessa Sousa

In order to get its REIT Silicius listed at the Spanish Continuous Market with 1.000 million euro in assets, management company Mazabi is negotiating with international investment funds the financing of around 300 million euro.

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This information was advanced by Mazabi’s CEO himself Juan Antonio Gutiérrez, in an interview to Idealista/news, where he further informed that «there are two institutional investors who want to provide financial resources – meaning, cash – in order to face internal purchases of some shares in societies on which we do not have the full 100%, besides new investments to diversify our portfolio». Under its radar are 7 to 8 operations which will allow the REIT to reach the base capital to enter the Madrid Stock Exchange.

This news appears one week after Silicius announced a non-monetary operation with Merlin Properties, which received a 34% share of the REIT including 3 shopping centres from its portfolio estimated at 170 million euro: Fira, Thader and the Nassica in Getafe, Madrid.

The company announced its latest results in February which revealed that its Gross Asset Value increased 4 times during that period, reaching 442 million euro.