Spanish logistics specialist Montepino has received the green light from pan-European stock exchange Euronext for the trading of shares in Montepino Logistica Socimi in Paris as of 6 June.
The board of directors of Montepino has set an initial listing price of €11.07 per share.
Valued at €1.2 bn at year-end 2022 and with a gross leasable area of almost 1.9 million m2, Montepino’s portfolio consists of 46 logistics assets, of which 21 are operational, 16 are plots of land for future development and nine are properties under construction.
Montepino's assets are managed by real estate investment manager Valfondo Investment Management, while Bankinter Investment provides strategic advice to the company.
Montepino has over 1,800 shareholders, including Bankinter Investment (6.4%) and Valfondo Inmuebles (5.1%), while the rest is held by institutional investors and Bankinter clients.
Montepino’s current portfolio will be consolidated, by finalizing and leasing the assets currently under construction and through the development of its plots of land, while continuing asset development in line with the highest sustainability standards.
With a consolidated presence in Central Spain, Montepino will increase its activity in different areas of Catalonia and the Mediterranean corridor, and expand to large urban centres such as Seville and Bilbao, among others.
In neighbouring Portugal, the Socimi is developing the country’s largest logistics project by acquiring a 414,000 m2 plot of land with 147,000 m2 of leasable area.
