The shares are going to be traded at an initial value of €21.10, which presupposes the allocation of a value of 105.5 million to the only asset they hold: the ABC Serrano shopping centre, right in the centre of Madrid.
According to the information leaflet, the objective of entering the MAB is to attract capital to develop a strategy designed to “maximise” returns generated by the centre in the medium term and, in this way, “make the investment already put in more profitable”.
Located in one of the most valued streets in Madrid for setting up a shop, ABC Serrano has 15,000 m² of ABL over seven floors above ground, as well as four underground floors for parking.