Orion Rental, the Socimi based in Ángel Medina, on the right in the photo of this news, president of Cencosu Spar in Gran Canaria, has incorporated Víctor Martí Gilabert, founder of GMA, Atom Hoteles Socimi and Victoria Hotels and Resorts, as president. Regarding the financial deployment of the Canary Islands entity, there are more on the islands, whose main activity is the acquisition, promotion and rehabilitation of urban assets for leasing, either directly or through participations in the capital of other Socimis.
Sources from the financial sector highlighted that Francisco López (former director of Lopesan), Francisco López, Anil Partap Harjani, Óscar Díaz, Manuel Medina, Jesús Díaz, José Acosta Matos, Francisco Matos and Juan Francisco Falcón as secretary of the board of directors.
On the real estate level, investors from the south of Gran Canaria have planned to enter the Socimi SuTECHÔ, a social impact company created to eradicate the problem of homelessness, it will join BME Growth, the market aimed at expanding small and medium-sized companies, on Friday, April 26 with a market value of 28,6 million euros after analyzing and studying all the documentation presented by the company and the favorable evaluation report from the GME Market Coordination and Incorporations Committee.
The management of the asset portfolio is supervised by the board of directors and additionally any investment is subjected to a "rigorous" evaluation process by the investment committee composed, in addition to the members of its management team, by the real estate company Azora Capital, which has a participation percentage of 5,3%, which represents support for the identification of neighborhoods, and by Almar & Partners Consulting, to evaluate the viability of the projects.
The board of directors of the company, which is the first company to join this market this year, has taken as a reference for the start of trading the shares a price of 1,01 euro per share, which implies a valuation company's total of 28,6 million euros. The company's trading code will be “YTCH”, and the company's registered advisor is Renta 4 (BME:RTA4) Corporate, while Renta 4 Banco will act as liquidity provider.
As highlighted by BME, as it is the first BME Growth SOCIMI with a social impact to eradicate the problem of homeless people, "it has reduced rates." According to the company's information document, tuTECHÔ owns 230 properties, all of them located in Spain.
