Lisbon – 3 September 2020 – Euronext is announcing today that 7.5 million shares of RSR Singular Assets Europe Socimi (“RSR Singular”) will be listed on Euronext Access Lisbon on 4 September 2020, further demonstrating Euronext’s leading position as a benchmark market for European Real Estate companies.
RSR Singular will be listed with a reference share price of €12.98 and a market capitalization of €97.3 million.
RSR Singular Assets Europe SOCIMI is a real estate investment vehicle with its core business in hotels and touristic apartment buildings located in Spain and Portugal main cities. The company is managed since its creation by Caler Advisory and Asset Management, and its strategy includes the acquisition of high-quality assets: hotels and residential buildings in urban prime locations of Spain, Portugal and main European cities, leased to consolidated touristic operators.
Carmen Escrivá de Romaní, CEO of Caler Advisory & Asset Management said: “RSR Singular's admission to Euronext guarantees the company's access to European capital markets and constitutes a very positive step for its expansion plan.”
The admission process of RSR Singular to the Euronext Access market was advised by the Fellow Funders as Listing Sponsor on Euronext for the Paris, Lisbon and Brussels markets.
Benchmark market for the real estate sector
Euronext is a reference market for European Real Estate companies with ca.100 issuers in this sector, representing a market capitalisation of around €89 billion at end of June 2020. Euronext offers companies access to an investor base of over 800 active institutional investors in this sector based in over 40 countries, primarily in the United Kingdom (29%), France (24%) and the United States (17%). These investors cover a wide array of investment profiles and invest across different growth phases of real estate companies and offer a unique liquidity pool. Real Estate companie listed on Euronext markets have raised an aggregated €10.7bn in follow-ons and €27bn in bonds issuances at end of June 2020 since 2014.
Caption: Mariano Colmenar (Senior Partner Fellow Funders), Susana de António (Head of of EU Tech Hub - Spain Representative Euronext), Carmen Escriva de Romani (CEO - Caler Advisory), Alvaro Escriva de Romani (Partner - Caler Advisory), and Isabel Ucha (CEO Euronext Lisbon) rang the bell this afternoon to celebrate the listing of RSR Singular Assets Europe Socimi