Árima Real Estate SOCIMI S.A.

Co-Lead Manager

Kempen acted as Co-Lead Manager in the successful €100 million initial public offering of Árima Real Estate SOCIMI S.A.

Initial public offering of 10 million primary shares valued at €10 per share
Gross proceeds of €100 million will support primarily the investment in commercial property, mainly offices located in the city center in Madrid and to a lesser extent, Barcelona
The company has identified an investment pipeline totaling €1.6 billion which presents a significant opportunity for value creation through renovation and other capital investments
The transaction was launched on the back of a very extensive marketing exercise indicating strong interest ahead of launch
Allocations were well balanced between long only- and real-estate specialists
Despite the challenging market conditions during the bookbuilding period, the IPO priced successfully
Kempen generated substantial demand with a strong focus on Long Only Real Estate specialist investors

Árima Real Estate SOCIMI S.A is a commercial real estate investor which launched a cash box initial public offering on the Spanish stock exchanges
Supported by the previous Axiare management team, the board brings a wealth of experience and a large network of real estate professionals in both Madrid and Barcelona