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Go Madrid Benz should leave the MAB in June
07 May 2020 |

After more than one year listed at the Mercado Alternativo Bursátil, REIT Go Madrid Benz, controlled by American GreenOak, will take a step back and stop being listed, starting in June.

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According to the document issued at the MAB, the final decision should be taken during a shareholder’s meeting scheduled for the 4th of June, and the document also revealed that the first theme to be discussed will be «the exclusion from the Mercado Alternativo Bursátil and, if approved, the purchase of shares from minority shareholders».

This process takes place after the REIT sold the Las Mercedes Business Park, located in Madrid, last November, for 205 million euro to American Starwood Capital Group.

With this sale, the REIT led by asset management company GreenOak reached a consolidated result of around 69.66 million euro last year, according to its statement of accounts made available at the same platform.