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Elix VR plans a €34.7M capital increase
22 September 2020 | Vanessa Sousa

REIT Elix Vintage Residential plans a 34.7 million euro capital increase, representing 50% of its current capital stock.

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This capital increase will be parcelled out over the next 5 years, but there are still some details to be discussed in this process. The amount, deadline and terms of these capital increases will be established by the Board during the next shareholders’ general meeting on the 20th of October, according to the document issued at the Mercado Alternativo Bursátil, now called BME Growth.

ELIX Vintage Residential continues its plan to expand its portfolio (estimated at 123.3 million euro at the end of last year) focused on the Madrid and Barcelona housing markets.

The REIT carried out the purchase of a 3.600 sqm residential building in the Spanish capital estimated at 12.4 million euro in January, according to a release the company sent to BME Growth.