The SOCIMI Albirana debuts on the MAB with Gesvalt as consultants

The SOCIMI Albirana debuts on the MAB with Gesvalt as consultants

Using the valuation report from Gesvalt as reference, Albirana Properties debut with a share value of 33.60 euros which presupposes a total group value of 168 million euros.

Gesvalt, as an independent expert, has undertaken the task of producing a report with the fair estimation of the value of the Grupo Albirana Properties for its debut on the stock exchange. This valuation was reached in accordance with recognised international criteria and conforms to the NIIF 13 of Medición de Valor Razonable.

“These types of project with SOCIMI require a high degree of specialisation and attention to the relevant regulations, and this new MAB debut give us consolidation as a top rate consultancy in this kind of project”, comments Sergio Espadero, director of Advisory Services at Gesvalt, who goes on to say “we are working with a dozen socimis who are considering coming out on MAB in the next few months”.

Albirana, currently managed by Anticipa Real Estate, has more than 5,000 assets on the rentals market, spread over Spain, although especially concentrated in Cataluña and Madrid. It controls the SOCIMI Budmac Investment, which has 3,039 homes for rent in the province of Barcelona, as well as Lambeo Investment, with 337 properties in Madrid, and Treamen Investment, who manage a further 1,588 homes throughout the country.

Albirana’s strategy is based on managing this portfolio of homes to "maximise profits for shareholders", although the firm is "open to various investment or disinvestment opportunities which present themselves on the market”.


With the incorporation of  Albirana into the stock market, about 30% of present members are SOCIMIs, whose joint market value comes to 1,700 million euros. Among the assets on the market, shopping centres, offices, housing and logistic warehousing are highlighted, many of which are located in the main prime zones of the principal Spanish cities.

At the same time as the good phase which the real estate sector is currently experiencing, the leaders in the sector believe that in future months more societies will become listed with the creation of socimis linked to the hotel sector being the most expected.



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