PRESS RELEASE
Montepino debuts on Euronext Access Paris
The SOCIMI has been listed at a reference price of €11.07 per share
Montepino listed 85,988,040 shares, bringing its market capitalisation to €952 million
Paris, 6 June of 2023
Montepino, a leading real estate SOCIMI in the Iberian Peninsula, promoted by Valfondo Investment Management and Bankinter Investment, has today debuted on Euronext Access Paris, Europe's leading capital markets operator.
Fernando Moreno, Chairman of the Board of Directors of Montepino and General Manager of Corporate Banking at Bankinter; Juan Vera, Director of Montepino and non executive Chairman of Valfondo Investment Management; and Juan José Vera, Director of Montepino and Managing Director of Valfondo Investment Management, rang the opening bell for trading. The company listed 85,988,040 shares at a reference price of €11.07 per share, bringing Montepino's market capitalisation to €952 million.
The SOCIMI has a portfolio valued at €1,209 million at year-end 2022 and has a gross leasable area of almost 1.9 million sqm. Montepino's portfolio comprises 46 logistics assets, almost half of which are operational logistics facilities (21), while the rest are plots of land for future development (16) and properties under construction (9).
Montepino is owned, among others, by Bankinter Investment (6.4%) and Valfondo Inmuebles (5.1%), while the rest of the capital is held by institutional investors and Bankinter's clients.
The SOCIMI's assets are managed by Valfondo Investment Management, a real estate investment management company with more than 20 years' experience in the Spanish logistics real estate sector. Bankinter Investment provides strategic advice to the company, becoming actively involved in the most important decisions it takes and, in short, ensuring that the interests of investors are defended and the compliance of the investment policy.
Juan José Vera, Managing Director of Valfondo IM, said: "Montepino's listing on Euronext Paris Access is a milestone for a company with family origins which is now positioned as a leader in the logistics real estate sector in the Iberian Peninsula". "The step we are taking today will undoubtedly support Montepino's ongoing progress towards achieving our targets for the coming years as we continue to work with our trademark determination and our unwavering commitment to the economic, social and sustainable development of the communities in which we operate," he explained.
Fernando Moreno, Chairman of the Board of Directors of Montepino and General Manager of Corporate Banking at Bankinter, commented: "We are pleased to see Montepino today taking a step forward in its evolution within the leading platform of alternative investment vehicles created and promoted by Bankinter Investment since 2016". "I’ m firmly convinced that Montepino will drive its growth in the coming years”, he added.
Montepino's business strategy is focused on the consolidation of its current portfolio by finalizing and leasing the assets currently under construction and through the development of its plots of land, with the aim of continuing to lead the logistics real estate sector in the Iberian Peninsula..
The SOCIMI has a consolidated presence in Spain in the central area and plans to increase its activity in different areas of Catalonia and the Mediterranean corridor, as well as to expand its business to large urban centres such as Seville and Bilbao, among others. It is also present in Portugal, where it is developing the largest logistics project in the country.
In addition, Montepino will continue to develop its assets in accordance with the highest sustainability standards, a strategy that has already led to LEED certifications for all of its operating properties.
