Radar > 223161

BMB Investment Management creates REIT Optimum RE Spain

BMB Investment Management crea la SOCIMI Optimum RE Spain

Intel ID : 223161
Synopsis

Spain-based MB Investment Management, which until now focused on operations in Germany, has created Optimum RE Spain as a REIT to invest in Spain, mainly in Madrid and Barcelona, which should not exceed EUR 3,500 per square meter.

Optimum RE Spain should begin to operate in September 2016. It was created with EUR 15m, and expects to reach EUR 30m soon. In addition, the company will use bank financing to invest between EUR 50m and EUR 60m in buildings.
(content in spanish)

La empresa española BMB Investment Management, que hasta la fecha centraba sus operaciones en Alemania, ha constituido la sociedad Optimum RE Spain como SOCIMI para invertir en España, especialmente edificios de Madrid y Barcelona que no excedan los EUR 3.500 por metro cuadrado.

La SOCIMI, que tiene como plazo para empezar a cotizar hasta septiembre de 2016, nace con un capital de EUR 15m y espera alcanzar los EUR 30m próximamente. Además, utilizará financiación bancaria para poder invertir entre EUR 50m y EUR 60m en edificios.

Bidder

Ultimate Owner (Buyer)


Intel ID 223161
Value ND
Native Currency Euro (EUR)
Financial Data - Optimum RE Spain
(31 Dec 2018)
Revenue: EUR 1,92m
Net Debt: EUR 104,06m
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Bidder

Name
potential
Subsector (Old TTR Sectors)
Real Estate and Construction / Real Estate (Primary)
Services and Distribution / Financial and Insurance
Primary Sector (TTRSC)
25.03.02 Real Estate Investment Trusts (REITs)
25 Financial Services / 25.03 Real Estate

Country
Description

Ultimate Owner (Buyer)

Name
verified
Subsector (Old TTR Sectors)
Real Estate and Construction / Real Estate (Primary)
Primary Sector (TTRSC)
10.01.02 Consulting & Professional Development Services
10 Business Services / 10.01 Business & Professional Support Services

Country
Website
Description

Radar

Date Title Type Intel Grade Country Subsector  

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verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.