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REIT Torimbia enters MAB
23 July 2019 | Vanessa Sousa

The Comité de Coordenación e Incorporaciones (Coordination and Incorporation Committee) from the Mercado Alternativo Bursátil (MAB) green lighted, last Friday, the entry of one more REIT: Torimbia, a company specialised in operating and renting real estate assets.

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According to MAB’s release, «the company’s Managing Board set the shares’ value at 27.40 euro each, which represents a total of 140 million euro in terms of the company’s total valuation».

The REITs portfolio currently consists of 8 assets located in Madrid, with a total combined area of 34.620 sqm which are estimated at 221 million euro.

Torimbia currently operates 3 five star hotels: the 6.155 sqm NH Collection Paseo del Prado, which has 113 rooms; the 8.396 sqm Hotel Urso, with 78 rooms; and the 7.438 sqm NH Collection Palacio Conde de Tepa, with 85 rooms.

The portfolio also includes 3 street shops – the 1.475 sqm Serrano 88;  the 697 sqm Pintor Rosales 18, and the 574 sqm Descubridor Diego Ordás 1 – and also two offices:  number 88 Calle Serrano (5.530 sqm) and number 24 Calle Goya (4.355 sqm).