- With this transaction Merlin has acquired 34% of SILICIUS and contributes with three assets: La Fira Shopping Centre in Reus (Tarragona), Thader Shopping Centre in Murcia and a Retail Park in Nassica Business Park in Getafe (Madrid).
- These contributions improve SILICIUS portfolio that will manage 41 assets with a gross value of more than €670 million.
- The approval means an important backing to SILICIUS management, growth policy and structure before its stock market debut.
3 March 2020, Madrid – SILICIUS Real Estate, SOCIMI specialised in the management of rental properties focusing on long term and stable income streams, has closed an agreement with MERLIN Properties. The company, listed in IBEX 35, will contribute with 3 commercial assets worth more than €170 million. SILICIUS will manage 38 assets with a gross value of more than €650 million.
SILICIUS has also approved in shareholders´ meeting the incorporation of a new investor (Family Office) with 3 assets and €20 million in accordance to Due Diligence. With this contribution, SILICIUS will manage 41 assets with a gross value of more than €670 million.
Merlin has contributed with La Fira Shopping Centre in Reus (Tarragona), Thader Shopping Centre in Murcia and a retail park located in Nassica Business Park in Getafe (Madrid).
These are strategic operations for SILICIUS, which will diversify its portfolio fulfilling the business plan approved by the shareholders and based on the contribution and acquisition of properties that fit with the company´s investment policy to consolidate a diversified portfolio of assets of various types (hotels, offices, commercial properties, logistics and High Street), that generate stable rents, with the aim of reaching a suitable size and optimal structure for its future stock market debut.
Shareholders were presented last week SILICIUS “Growth Plan” for 2020. It aims to exceed a gross value of €1 billion ahead of its stock market debut. SILICIUS is holding negotiations with some institutional funds that will contribute with equity to a pipeline of assets of €300 million approximately which perfectly fits with its investment policy. At the same time, SILICIUS is negotiating with various SOCIMIs and Real Estate companies that share the same philosophy and types of assets, their incorporation to SILICIUS.
“We are very pleased with these two new deals. Having the most important Spanish SOCIMI as an investor partner is a proof for our shareholders of trust and support to the growth strategy and generation of value developed by SILICIUS. It is the first contribution done by an institutional investor as planned and approved in the Growth Plan for 2020” says Juan Diaz de Bustamante, Managing Director of the company.
