Excem Real Estate, the real estate division of Excem Group, expects Excem Socimi Residencial, one of its three companies (listed real estate investment companies), will start trading on the Alternative Stock Market (MAB) between May and June. The company announced it today.
Excem Socimi Residencial calculates an initial price of 1,4 euros per share, which would mean a 40 % increase in value for the current shareholders.
The company, which has assets valued at 30 million euros, closed in March a capital increase of 4.1 million euros which was attended by forty investors.
In this context, Excem Socimi Residencial has launched Homiii, a management company specialized in the rental flats for students and young professionals.
Homiii has forty flats in Madrid, with 252 rooms, and its objective is to offer more than 3,000 rooms in the main Spanish cities.
Its strategic plan foresees that it will close 2019 with an investment of 70 million euros.