PRESS RELEASE
Montepino receives the green light to list on the Euronext Paris access
The company has set an initial listing price of €11.07 per share
The value of the portfolio of Montepino - a SOCIMI promoted by Valfondo Investment Management and Bankinter Investment SGEIC - amounted to €1,209 million at the end of 2022
Valfondo is the asset manager of Montepino, which plans to consolidate its current portfolio, diversify its presence in the Iberian Peninsula and continue to develop properties in accordance with the highest standards of sustainability, efficiency and profitability
Zaragoza, 2 June of 2023
Euronext, Europe's leading capital markets operator, today announced that the shares of Montepino Logística SOCIMI, S.A. will start trading on Euronext Access Paris on 6 June 2023. Montepino - created on 30 March 2021 - is a SOCIMI promoted by Valfondo Investment Management and Bankinter Investment SGEIC and currently has more than 1,800 shareholders, a description of which can be found in the Information Document available on its website.
The Board of Directors of Montepino has set an initial listing price of €11.07 euros per share.
Montepino's portfolio - valued at €1,209 million at year-end 2022 and with a gross leasable area of almost 1.9 million sqm - consists of 46 logistics assets, of which almost half 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 clients.
Montepino's strategy and management
Montepino's assets are managed by Valfondo Investment Management, a Real Estate investment manager company with more than 20 years of experience in the Spanish logistic real estate market. Bankinter Investment provides strategic advice to the company, ensuring at all times that the interests of investors are defended and the compliance of the investment policy.
The business strategy aims to consolidate the SOCIMI's current portfolio by finalizing and leasing the assets currently under construction and through the development of its plots of land. Montepino has established itself as one of the leading logistic real estate managers in the Iberian Peninsula. In Spain, it has a consolidated presence 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. In addition, the SOCIMI is also present in Portugal, where it is developing the largest logistics project in the country.
In parallel, the asset manager will continue to promote the development of assets in accordance with the highest sustainability standards, a strategy that has already enabled Montepino to achieve LEED certification for all of its operating properties.
Additional Information
