Montepino recibe luz verde a su incorporación a Euronext Access Paris

Euronext, Europe's leading capital markets operator, today announced that the shares of Montepino Logística SOCIMI, S.A. will start trading on Euronext Access Paris on 6 June 2023. Montepino - created on 30 March 2021 - is a SOCIMI promoted by Valfondo Investment Management and Bankinter Investment SGEIC and currently has more than 1,800 shareholders, a description of which can be found in the Information Document available on its website.

The Board of Directors of Montepino has set an initial listing price of €11.07  euros per share.

Montepino's portfolio - valued at €1,209 million at year-end 2022 and with a gross leasable area of almost 1.9 million sqm - consists of 46 logistics assets, of which almost half are operational logistics facilities (21), while the rest are plots of land for future development (16) and properties under construction (9).

Montepino is owned, among others, by Bankinter Investment (6.4%) and Valfondo Inmuebles (5.1%), while the rest of the capital is held by institutional investors and Bankinter clients.

 

Montepino's strategy and management

Montepino's assets are managed by Valfondo Investment Management, a Real Estate investment manager company with more than 20 years of experience in the Spanish logistic real estate market. Bankinter Investment provides strategic advice to the company, ensuring at all times that the interests of investors are defended and the compliance of the investment policy.

The business strategy aims to consolidate the SOCIMI's current portfolio by finalizing and leasing the assets currently under construction and through the development of its plots of land. Montepino has established itself as one of the leading logistic real estate managers in the Iberian Peninsula. In Spain, it has a consolidated presence in the central area and plans to increase its activity in different areas of Catalonia and the Mediterranean corridor, as well as to expand its business to large urban centres such as Seville and Bilbao, among others. In addition, the SOCIMI is also present in Portugal, where it is developing the largest logistics project in the country.

In parallel, the asset manager will continue to promote the development of assets in accordance with the highest sustainability standards, a strategy that has already enabled Montepino to achieve LEED certification for all of its operating properties.

About Bankinter Investment

Bankinter Investment is the Bank's Investment Banking subsidiary, an activity that the Bank has been carrying out since 2011 and from which it has promoted an important alternative investment platform that has become a benchmark in the Spanish market. Since 2016 it has successfully launched 20 alternative investment vehicles with capital committed by investors of more than €4,200 million which, including project finance, currently represents a portfolio of assets under management of more than €7,000 million, which will approach €10,000 million once all the vehicles are 100% invested. For the management of the assets, all the vehicles have followed the model of partnering exclusively with an expert in each investment segment, such as renewable energies, student residences, the hotel sector, the real estate sector, infrastructures, retail space and venture capital.

At the end of 2022 and under the new regulatory framework established by Law 18/2022, Bankinter Investment SGEIC, a Bankinter Group entity specialising in alternative asset management, was set up.

On 17 February 2023, the National Securities Market Commission (CNMV) approved the registration of Bankinter Investment Inversión Alternativa I FCR, the first alternative asset management fund in which investments of €10,000 or more can be made.

Bankinter Investment's activity is complemented by another series of activities that the Bank offers its customers, such as advice on Mergers and Acquisitions, Real Estate Investment, Capital Markets (bond issues, private placements in MARF, promissory note programmes, IPOs, capital increases); and Structured Finance: project finance transactions, acquisitions, assets, balance sheet restructuring, shareholder reorganisation, optimisation of corporate structures, etc.

 

About Montepino

Montepino is a leading SOCIMI in the Iberian Peninsula specialising in the logistics real estate sector. The company owns 46 logistics assets with a gross leasable area of 1.9 million square metres and a value of €1,209 million.

Montepino focuses on the development of logistics warehouses located in strategic corridors or sites for lease by logistics operators, packaging companies, last mile distributors or other companies that use the assets for the storage and distribution of products. The SOCIMI is one of the largest owners of logistics real estate on the Iberian Peninsula and promotes national and international solutions for the main logistics service providers operating on the Iberian Peninsula, as well as for some of the leading companies in the tertiary and industrial sectors.

Montepino - whose assets are managed by Valfondo IM - seeks to create a new construction paradigm in logistics and has an ESG strategy based on five pillars: governance management through policies that guarantee corporate governance based on ethics and good practices, the design, construction and management of sustainable buildings, the promotion of the socio-economic development of the communities in which it operates, the development of initiatives to anticipate and meet the needs of clients and the experience of a team with a differential work methodology.

 

About Valfondo IM

Valfondo Investment Management is a Real Estate investment manager company dedicated to developing, commercializing and managing logistics real estate assets. Valfondo's directors have more than 20 years of experience in the Spanish logistics sector and the company has managed investments of more than €1,000 million and generated a return for its shareholders of more than 30%. The company covers the entire value cycle of logistics assets, from land sourcing, urban management, development and property management to financial and investor management, with a focus on optimising value for all its stakeholders. Valfondo IM is currently in charge of the exclusive management of the assets of the Montepino socimi, valued at more than €1.2 billion.