—which is not raising fresh capital from the market debut—owns and manages properties in the country including the 57-story Torre Emperador Castellana and the 35-storey Torre Caleido Shopping Center, both of which are in Madrid, and the 23-story Torre Diagonal One in Barcelona. The assets are worth €1 billion , according to its website.
The company—which is structured as a REIT—will start trading on December 19 in Spain's BME Growth Stock Exchange, Emperador Properties said in a statement. The market debut provides Emperador Properties a bigger platform to achieve a more efficient financing mechanism to further expand its real estate portfolio in the country, it said.
"To be listed in the Spanish Stock Exchange is, for any company, an important milestone,” Joan Cortés Vilardell, CEO of Emperador Properties, said in the statement. “We are looking forward to seeing how Emperador Properties evolves in this new stage.” Tan—the controlling shareholder of Philippine real estate giant Megaworld Properties and liquor maker Emperador Inc.—bought the Torre Emperador skyscraper in 2015, the same year Emperador acquired Bodegas Fundador, the world’s largest brandy maker. He has been stepping up the group’s global expansion since then.
He needs to let me be his driver. 37 years with no accidents... Yeah I'm that guy
HH
Will it be tied to EPHE?