GGC Will Debut on MAB becoming the second largest SOCIMI

GGC Will Debut on MAB becoming the second largest SOCIMI

GGC will be the greatest SOCIMI on MAB with a market capitalization of ca. €2,000M. This SOCIMI owns 6 shopping center in Spain and more than hundred real state, all for rent. GCC will make its stock market debut at a value of €79 per share.

By market capitalization it would be the second largest SOCIMI, in Spain, after Merlin and above Hispania and Lar, among others.

It's a SOCIMI without debts, with own capital, and never needed bank funding for its development. It has a turnover of €87M approx. It has its activity from the start of the value chain, with the acquisition of plots, construction of properties with similar construction companies, and the promotion of it with the best developers of the area.

Tomás Olivo owns more than 99% of the shares, who ranks, with this operation, as one of the leaders of this sector in Spain.

The new SOCIMI will include new shopping centers such as: Parque Comercial La Cañada, in Marbella; Parque Comercial Nevada, in Armilla (Granada);Centro Comercial Mataró Parc, in Mataró (Barcelona); Parque Comercial Gran Plaza, in Roquetas de Mar (Almería); Centro Comercial Mediterráneo, in Almería; Parque Comercial Las Dunas, in Sanlúcar de Barrameda (Cádiz).

Iberian Property logoIberinmo logo
Iberian Property is the best platform for investment in Spain & Portugal. Created for those who seek reliable information about players and deals happening in Iberia. Through updated database, reports, market indicators and daily news, we report “Who’s Who” in Iberian Real Estate!. Iberian Property is also proud to organize the most important international real estate investors’ meeting in Iberia - Portugal Real Estate Summit!