The REIT Albirana Properties started trading on the Alternative Stock Market (MAB) on 22nd March, becoming the thirty-second real estate investment company getting listed on the market this year. Based on the valuation report of the independent advisor Gesvalt, Albirana Properties started trading on the AIM with a value of €33.60 per share, which accounts for a total value of the Group of €168 million.
The trading code of Albirana Properties is “YAPS”, and it is traded through a price-fixing system.
Gesvalt, as an independent expert, was responsible for the preparation of a report with the Fair Value estimate of Albirana Properties prior to getting listed on the AIM. This valuation was conducted in accordance with internationally recognized criteria and in compliance with IFRS 13 on Fair Value Measurement.
“This type of projects with REITs require high specialization and attention to applicable regulations, and this new IPO on the AIM consolidates us as a reference advisor company in this type of projects,” says Sergio Espadero, Director of Advisory Services at Gesvalt. He adds: “We are working with a dozen REITs that intend to get listed on the AIM in the coming months.”