The group that manages the stock markets of Paris, Amsterdam, Milan, Brussels, Lisbon, Oslo and Dublin is preparing to welcome a new member. Euronext was the market chosen by GENESIS R.E.I.T SOCIMI, S.A. for its debut as a listed company.
The socimi, which focuses its operations mainly on assets located in Madrid, needed a specialised partner with experience in its European listing process (EURONEXT) to provide comprehensive support and ensure that the company maximises the success of its IPO.
Genesis relied on Gesvalt as an independent expert. for the valuation process of its portfolio with the development of a report that will serve as a tool for its listing on EURONEXT and, at the same time, lay the foundations for sustained success on the stock market.
Strategic advice has enabled Genesis to ensure compliance with market regulations, as well as ensuring that investors receive reliable and legally compliant information prior to its IPO.
Genesis has decided to continue its collaboration with Gesvalt to support its annual recurring valuations as a listed company.
About GENESIS R.E.I.T SOCIMI, S.A.
Génesis is a real estate company established in 2016 in Spain. It specialises in the acquisition, development and leasing of real estate assets located mainly on the M-30 ring road in Madrid.
It prioritises the rehabilitation of its assets, including the refurbishment of living spaces and common areas, the installation of lifts, improving accessibility and obtaining the necessary building permits to reconfigure individual buildings into multi-apartment units, in compliance with local regulations.
Genesis' portfolio currently comprises approximately 100 units and is expected to grow by 20% over the next two years. The composition of the investments is mainly focused on residential units, but also includes commercial, hotel and other segments.
Why list on Euronext?
It is one of Europe's leading stock markets, with a presence in several countries.
By being listed on Euronext, socimis have access to a wider range of investors and a more geographically diversified market, which may increase their visibility and attractiveness to international investors.
We spoke to Ariel Mazoz, CEO and partner of GENESIS R.E.I.T SOCIMI, S.A:
1. Would you recommend carrying out a project of these characteristics with Gesvalt?
We would definitely recommend working with Gesvalt on this type of project. Their team has demonstrated a high level of professionalism, with a precise and structured approach that guarantees an agile, efficient service adapted to our needs.
2. Is there anything else you would like to point out about working with Gesvalt and the added value we bring?
We particularly appreciate the availability and proximity of the team, as well as their in-depth knowledge of the market, which has been key to the success of the project. Their transparency and flexibility have facilitated a smooth collaboration, providing tailor-made solutions and high quality results.
How Gesvalt helps SMEs to go public
At Gesvalt we have a team specialised in advising and accompanying SMEs in the quotation process. We have led the incorporation of more than 40 companies to BME Growth, Euronext and Porfolio Exchange.
Our independent expert opinion has supported the launch of the Euronext and Portfolio Exchange markets with their first listed companies.