Árima

• Árima is a Spanish real estate investment company (SOCIMI) listed in the Mercado Continuo since October 2018.
• The company’s strategy consists of identifying assets with high revaluation potential to invest in their repositioning and commercialisation through a value added strategy.
• The business has an internally managed investment vehicle (team exclusively dedicated to Árima) with the aim of generating annual total shareholder returns of 12% to 15%.

Visit Árima official website

• Target: After deploying the funds raised in the October 2018 IPO (€100m), Árima required additional funds to execute its advance stage pipeline of opportunities.
• The transaction consisted of a €40 million (+40% of the pre-money Equity) capital increase without rights, where the shares were issued at €10/share, a figure in line with the share price as of the deal date and similar to December 2018 NAV.
• Confidence in the Management Team expertise and ability to generate value was valued by both current shareholders – who already invested in the IPO – and by new institutional shareholders, allowing Árima to consolidate a diversified investor base.

• Deal successfully closed and oriented to both existing Árima shareholders and new investors with strong interest in Spanish Real Estate, contributing to: i) expand Árima’s shareholder base and; ii) increase liquidity.
• Mirabaud’s access to top institutional real estate investors, through our specialised real estate sales team based in London, was crucial to rise +40% of the pre-ABO equity just six months after the IPO (October 2018).
  • Mirabaud was ranked 2^nd in terms of orders placed on the book among the 6 banks advising in the deal.
  • Mirabaud brought the 2^nd largest order of the Transaction (1^st shareholder of the Company after the ABO).
• Demonstrated capacity to identify investors. Final book order vs. meeting “hit ratio” of 50%; the highest among the banks involved in the Transaction.