For this long process, the Spanish REIT counts on the guidance of the Comissão do Mercado de Valores Mobiliários (Securities and Exchange Commission), which will provide the necessary paperwork and requirements to move forward with the process, mentions Spanish newspaper Expansión in its print edition.
At the same time, the company is analysing the possibility of going further and integrating the 20 largest companies listed at Euronext Lisbon, which are part of the PSI 20 index. It is also considering the possibility of creating a Sociedade de Investimento e Gestão Imobiliária (SIGI), a regime recently approved which is similar to a REIT.
From 2020 onwards, Merlin should be simultaneously listed at the Madrid and the Lisbon Stock Exchange, adopting the dual listing model – which confirms the thesis announced last month. It will thus follow the company’s CEO Ismael Clemente’s intention of approaching the Iberian market as a «single market».
In Lisbon alone, the REIT has a portfolio estimated at 1.000 million euro. On the mid-term, its goal is to double this amount.
