BME Growth approves incorporation of Inbest VI and Inbest VIII

2021-08-05T00:00:00
Spain

The board of directors of BME Growth has approved the incorporation of REITs Inbest VI and Inbest VIII

BME Growth approves incorporation of Inbest VI and Inbest VIII
August 5, 2021

The board of directors of BME Growth has approved the incorporation of REITs Inbest VI and Inbest VIII, which will start with a value of €41.1 and €23.1 million, respectively. Cuatrecasas lawyers Juan Aguayo, Javier Rovira and Graciela Garrudo advised the investment vehicles on joining BME Growth, assisting them with the legal requirements of the REIT regime and access to the capital market. The companies’ ticker symbols will be “YINB6” and “YINB8.”

Both companies acquire real estate indirectly through end-use vehicles (Assets I and Assets II in the case of Inbest VI, and Assets II in the case of Inbest VIII), through which real estate is purchased, managed and sold. Assets I currently owns a portfolio of assets consisting mainly of buildings and commercial premises located in Madrid, Valencia, Bilbao and Las Palmas. Assets II owns a single asset, the commercial space of Edificio España, located in Plaza España (Madrid).

August 5, 2021