Companies aspiring to be listed on the stock exchange must meet the requirements for listing on the Spanish stock market. This process involves everything from the preparation of detailed financial reports to the valuation of assets and compliance with stock market regulations, and must ensure that everything is documented and transparent.
Inmobiliaria Marbella SOCIMI, S.A. is a family business that has been operating since 1984 and is dedicated to real estate development, property sales and rentals. It focuses its activities mainly in the province of Malaga, one of the great centres of real estate attraction in Spain. It has 196 assets, including homes, parking spaces, offices, premises, land and a warehouse, located almost entirely in Marbella (93.3%).
Gesvalt acted as an independent expert for the portfolio and company valuation process, in order to establish the basis for sustained success in the stock market..
How valuation work is carried out for a stock exchange listing
The dialogue took place in Malaga and our territorial presence and office in the capital was essential for this. We worked to facilitate and streamline the entire valuation process, adjusting to the deadlines set by the client.
Gesvalt was active in two areas of assessment:
Asset valuation. We valued the entire portfolio of assets located in Málaga and León, as required by the Stock Market. The scope of work included the valuation of 83 parking spaces, 21 commercial premises, 1 warehouse, 4 offices, 37 storage rooms and 1 set of storage rooms, 43 dwellings, 5 plots of land and 1 urban development. Our valuation was carried out in accordance with RICS Standards.
Company valuation. We value the shares that make up the
INMOBILIARIA MARBELLA SOCIMI, S.A.'s own funds. The process is carried out in accordance with the following sequence:
- Identification of assets susceptible to valuation other than for accounting purposes.
- Adjustment of equity to market value, taking into account the possible tax effect.
- Other adjustments (financial debt, debts with the group, structural costs, etc.).
- Adjusted net asset value (NNNAV).
The success of the valuation process has been key in structuring the IPO documentation, defining a reasonable price range and proving the quality of the financial information.
Our work has enabled Inmobiliaria Marbella SOCIMI, S.A. to start trading on the stock exchange. BME Scaleup, the stock market segment aimed at growth companies.
Gesvalt, reference consultancy for socimis
Gesvalt has become the real estate advisor of reference for a large number of the consolidated socimis in the market and for many that are in the process of being set up.
In recent years, it has accompanied unprecedented transactions - the first on Euronext and Portfolio SE, the first socimi of socimis and the first with international assets - and works with some of the most important funds in the market.
We spoke to Manuel Álvarez, Director of Inmobiliaria Marbella, S.L. and Gesvalt's interlocutor in this project:
Would you recommend carrying out such a project with Gesvalt?
Of course, I would highly recommend GESVALT as a valuation company in all respects, both in a Socimi project and in any other project in which a valuation is required, whether it is of a general and business nature, or to do so with particular assets. Its track record and extensive experience make Gesvalt a leading company in its sector that exudes something as important as reliability and professionalism. It has been a pleasant surprise: absolutely 5 Star Company.
Is there anything else you would like to point out about working with Gesvalt and the added value we bring?
When relying on Gesvalt, you are betting on a guarantee accreditation not only before third parties, but also before any public or private body. Gesvalt's official and homologated status means that its report has a value in itself, we could say: a safe bet.