Ktesios, chaired by Henry Gallego, has started trading on BME Growth with a capitalization of over 20.4 million.
Ktesios, the leading SOCIMI in investment in affordable rental residential assets in non-prime areas, today celebrated its successful incorporation of BME MTF Equity into BME Growth with a revaluation of its securities of 0.71% compared to the initial starting price, set at 14 euros per share. Ktesios SOCIMI seeks to develop its growth and continue implementing its strategic plan to identify and bet on investment opportunities in affordable rental housing in non-prime populations that have a favorable microeconomy and a wide potential for revaluation.
At 12 o’clock the president of the company, Henry Gallego, has made the traditional bell ringing at the Palacio de la Bolsa de Madrid. The quotation of securities has been carried out through the dual-listing procedure, in which the shares are listed simultaneously on two different markets, BME Growth and Euronext in Lisbon.
“We are very proud of our project and the potential it has, both socially and economically. During the last years, we have managed to become a benchmark of our activity and advance with our strategic plan at a good pace, more, taking into account the situation of economic uncertainty in which we find ourselves. Today we have taken a new step forward and I have no doubt that, together with the excellent team that makes up Ktesios SOCIMI, we will meet our objectives”, says Henry Gallego, Chairman of Ktesios SOCIMI.
This operation will help Ktesios SOCIMI to become the catalyst for small REITs in the country and continue with its organic strategic plan while continuing to address the growing need for affordable rental properties in non-prime areas of Spain. Founded in 2019, Ktesios is a purely residential SOCIMI specialized in the acquisition and management of assets in non-prime areas, offering affordable long-term rentals. In this way, Ktesios facilitates access to quality housing and contributes to boosting the economy of small towns with great potential.
About Ktesios SOCIMI
Founded in 2019, Ktesios is a purely residential SOCIMI specialized in the acquisition and management of assets in non-prime areas, offering affordable long-term rentals. In this way, Ktesios combines the trinomial profitability, risk and social impact. The SOCIMI has a patrimonial and prudently management approach, aimed at investors seeking stability with recurring returns. Currently, the SOCIMI has a diversified portfolio of more than 609 assets in more than 21 municipalities and 9 provinces. The SOCIMI relies on delegated and efficient management through RKS-AM, a comprehensive servicer and leader in the management of real estate assets for funds and investment vehicles very specialized in residential and non-prime areas.