Excem Capital Partners, a company dedicated to renting rooms for young people, has been authorised to start trading on the Alternative Stock Market (MAB), a market in which it will open in the coming days at 1.40 euros per share, a price that means valuing the firm at 16.8 million euros.

The company will make its debut with a portfolio of 28 homes, with a total of 181 rooms to rent, all of them located in the centre of Madrid.

The property firm, founded in 2015, aims to invest in urban properties located in central areas of Madrid, Barcelona or any of the main Spanish cities, which are suitable for renting their rooms to students and young professionals after undergoing renovation and decoration.

Replicated by Cinco Días