Árima Real Estate Socimi has approved the merger by absorption of JSS Real Estate Socimi, as stated in the communication sent to the Spanish National Securities Market Commission (CNMV) on 4 November.
The agreement was approved by Árima's general shareholders' meeting on the 3rd of November, as part of the reverse merger operation through which Árima will absorb JSS Real Estate, which will be dissolved without liquidation. With this integration, the SOCIMI listed on BME Growth seeks to simplify its corporate structure, optimise the management of its assets and strengthen its financial position.
The joint merger plan, registered with BME Growth on 12 September 2025, establishes an exchange ratio of nine Árima shares, with a nominal value of €10 each, for every seven JSS Real Estate shares, with a nominal value of €1. To cover the exchange, Árima plans to increase its capital by up to €320.7 million, although the final amount could be reduced through the use of treasury shares.
According to the registered documentation, the transaction aims to streamline the corporate structure and leverage operational and financial synergies between the two companies, strengthening Árima's ability to access capital markets and manage its asset portfolio under a single entity.
With the takeover, Árima will universally succeed JSS Real Estate in all its rights and obligations, assuming all of its assets.
