- The capital increase is the result of completing a merger by absorption of three new assets for Silicius: two retail parks in Parque Oeste, Alcorcón, and Las Matas building which includes a hotel and 12 commercial premises, all located in Madrid.
- As a result, SILICIUS counts with four new shareholders.
26 October 2020, Madrid– SILICIUS Real Estate, SOCIMI specialised in the management of rental properties focusing on long term and stable income streams, has closed a €19,7 million capital increase operation after acquiring Ibérica Inmobiliaria through a merger by absorption. SILICIUS has three new assets in its portfolio: two retail parks in Parque Oeste, Alcorcón, and Las Matas building, all located in Madrid.
SILICIUS has notarised the capital increase approved by its shareholders in the meeting held last July. The final capital increase results in €19,7 million. The increase is aimed at the continuation of the investment plan set out in the Company´s Business Plan. With this operation, SILICIUS has 4 new shareholders that are part of the company and rely on its business plan.
“Despite the current situation, we do not forget our aim of growth. This operation and those to come are the right steps that will help us achieve our goal prior to quotation, adding new shareholders who believe in our long-term project and who contribute with assets that fit our investment policy” says Juan Diaz de Bustamante. SILICIUS has diversified both the types and location of its assets.
In the current context provoked by the COVID-19 pandemic, SILICIUS continues with its business plan, generating confidence among all its groups of interest: It has reached agreements with 90% of its tenants on the payment of the rents through extensions or writing off the debt and has also incorporated new assets to its portfolio.
Some of the new assets are two retail parks in Parque Oeste, Alcorcón, a tertiary service centre with two industrial units, a 300 sqm central corridor, 40 parking spaces shared by the two industrial units and cargo loading and unloading areas. Both units sum up 4,681 sqm. One of the retail parks is rented to Muebles Boom and has a built area of 1,879 sqm. The other is a 1,505 sqm retail park ready to be rented. A third building is located in Las Matas, Madrid, a consolidated urban area with a total surface of 7,210 sqm and 179 parking spaces. The Las Matas Hotel is housed in this building. The Hotel has 57 rooms, 2.605 sqm of common areas and 12 commercial premises on the ground floor, four of which are united in one. The biggest commercial premise (1,100 sqm) is rented to Supersol, recently acquired by Carrefour. The rest are smaller premises (between 40 and 100 sqm) rented to several service companies (beauty, vets, restaurant).
