Olimpo Real Estate Portugal, SIGI, S.A. (ORES Portugal), a Real Estate Investment and Asset Management Company (SIGI) launched by Bankinter and Sonae Sierra at the end of last year, will be admitted tomorrow, 24 June, to Euronext Access Lisbon.
Currently, 12% of the SIGI’s capital is held by Bankinter and 5.14% by Sonae Sierra, with the remaining 82.86% distributed among small shareholders. With the admission to listing on Euronext Access, any investor will now be able to purchase shares in ORES Portugal and have access to an alternative instrument for their investments.
Isabel Ucha, CEO of Euronext Lisbon, highlights: “I would like to congratulate ORES Portugal, Sonae Sierra and Bankinter for listing the first real estate investment company under the new SIGI legislative regime on Euronext Access. We hope that this listing will enable the company to deploy its investment strategy in Portugal, innovating and expanding the business.”
For Alberto Ramos, Country Manager of Bankinter Portugal: “The listing of ORES on the stock exchange demonstrates that Bankinter continues to provide innovative financial instruments and services in Portugal, expanding the range of investment options available to our Clients and the general public. This pioneering operation in Portugal also reaffirms our commitment to Portugal’s economic development and represents an important contribution to boosting one of its most relevant sectors.”
Alexandre Fernandes, Head of Asset Management Europe of Sonae Sierra, adds: “The creation of the first SIGI in Portugal and its subsequent listing on the stock exchange are very important steps for Sonae Sierra, as part of our strategy of increasing exposure to new real estate investment vehicles. We are very pleased with this initiative and with our strategic partnership with Bankinter, which will no doubt revitalise Portugal’s capital market as well as the real estate investment market.”
