Meridia Real Estate III, SOCIMI, S.A. announced that it expects to receive €14.209668 million in funding
September 20, 2018
Share
Real Estate III, SOCIMI, S.A. (BME:YMRE) has entered into an agreement for private placement of 13,036,393 ordinary shares at a price of €1.09 per share for proceeds of €14,209,668 on September 21, 2018. The shares have a face value €1 and will be issued at a premium. Out of the proceeds, €1,173,275 corresponds towards issue premium. The transaction has been approved by the board of directors of the company, under the authorization conferred by the general shareholders meeting on June 29, 2018.
Meridia Real Estate III Socimi SA is a Spain-based real estate investment trust. The Company invests in all types of real estate, especially in office and logistic assets, as well as retail (shopping centers) and mixed-use properties, with a focus on value added projects in Madrid, Guadalajara and Barcelona. The Company has engaged the alternative investment fund manager, Meridia Capital Partners, SGEIC, S.A., for the identification of the potential investments, as well as their acquisition, management strategy and divestment.
MERIDIA REAL ESTATE III, SOCIMI, S.A. 
