Montepino lists on Euronext Access Paris

• Market capitalisation of €951 million

• 24^th listing on Euronext in 2023

• 5^th international listing^[1] on Euronext in 2023, and 4^th listing of a Spanish issuer on Euronext in 2023

Paris – 6 June 2023 – Euronext today congratulates Montepino, a Spanish leader in logistics real estate, on its listing on Euronext Access Paris (ticker code: MLMTP).

Montepino’s assets are managed by Valfondo Gestión, a real estate investment management company dedicated to developing, commercializing and managing logistics real estate assets, while Bankinter Investment provides strategic advice to the company. Montepino owns 46 logistics assets through which it focuses on the development of logistics warehouses located in strategic corridors or sites for lease by logistics operators, packaging companies, last mile distributors or other companies that use the assets for the storage and distribution of products. The company promotes national and international solutions for the main logistics service providers operating on the Iberian Peninsula, as well as for leading companies in the tertiary and industrial sectors. Montepino aims through its listing on Euronext, to pursue its mission to build a new construction paradigm in logistics based on its ESG strategy, as well as to increase its activity in different areas of Catalunya and the Mediterranean corridor, and to expand its business to large urban centres.

Montepino’s listing on Euronext Access Paris was completed through the admission to trading on 6 June 2023 of 85,988,040 ordinary shares, through the technical listing procedure. The reference price was set at €11.07 per share. Market capitalisation was approximately €951,887,602.8 on the day of listing.

Juan José Vera, Managing Director of Valfondo IM, said: "Montepino's listing on Euronext is a milestone for a company with family origins which is now positioned as a leader in the logistics real estate sector in the Iberian Peninsula. The step we are taking today will undoubtedly support Montepino's ongoing progress towards achieving our targets for the coming years as we continue to work with our trademark determination and our unwavering commitment to the economic, social and sustainable development of the communities in which we operate”.

Fernando Moreno, Chairman of the Montepino Board of Directors and Managing Director of Business Banking at Bankinter, said: “We are delighted with this important step forward by Montepino today in its positioning as part of the leading platform for alternative investment vehicles, created and developed by Bankinter Investment since 2016. I am fully convinced that Montepino will enjoy robust growth over the years ahead”. 

Caption: Fernando Moreno, from Bankinter, and José Vera and his team, rang the bell during a ceremony this morning, in the presence of Delphine d’Amarzit, CEO of Euronext Paris, to celebrate the listing of the company.

About Montepino

Montepino is a leading SOCIMI in the Iberian Peninsula specialising in the logistics real estate sector. The company owns 46 logistics assets with a gross leasable area of 1.9 million square metres and a value of €1,209 million.

Montepino focuses on the development of logistics warehouses located in strategic corridors or sites for lease by logistics operators, packaging companies, last mile distributors or other companies that use the assets for the storage and distribution of products. The SOCIMI is one of the largest owners of logistics real estate on the Iberian Peninsula and promotes national and international solutions for the main logistics service providers operating on the Iberian Peninsula, as well as for some of the leading companies in the tertiary and industrial sectors.

Montepino - whose assets are managed by Valfondo IM - seeks to create a new construction paradigm in logistics and has an ESG strategy based on five pillars: governance management through policies that guarantee corporate governance based on ethics and good practices, the design, construction and management of sustainable buildings, the promotion of the socio-economic development of the communities in which it operates, the development of initiatives to anticipate and meet the needs of clients and the experience of a team with a differential work methodology.

About Valfondo IM

Valfondo Investment Management is a real estate investment manager company dedicated to developing, commercializing and managing logistics real estate assets. Valfondo's managers have more than 20 years of experience in the Spanish logistics sector and the company has managed investments of more than €1 billion and generated a return for its shareholders of more than 30%. The company covers the entire value cycle of logistics assets, from land search, urban management, development and property management to financial and investor management, with a focus on optimizing value for all its stakeholders. Valfondo IM is currently in charge of the exclusive management of the assets of the Montepino, a SOCIMI valued at more than €1.2 billion.

About Bankinter Investment

Bankinter Investment is the bank's Investment Banking subsidiary, an activity that the bank has been carrying out since 2011 and from which it has promoted an important alternative investment platform that has become a benchmark in the Spanish market. Since 2016 it has successfully launched 20 alternative investment vehicles with capital committed by investors of more than €4,200 million which, including project finance, currently represents a portfolio of assets under management of more than €7,000 million, which will approach €10,000 million once all the vehicles are 100% invested. For the management of the assets, all the vehicles have followed the model of partnering exclusively with an expert in each investment segment, such as renewable energies, student residences, the hotel sector, the real estate sector, infrastructures, retail space and venture capital.

At the end of 2022 and under the new regulatory framework established by Law 18/2022, Bankinter Investment SGEIC, a Bankinter Group entity specialising in alternative asset management, was set up.

On 17 February 2023, the National Securities Market Commission (CNMV) approved the registration of Bankinter Investment Inversión Alternativa I FCR, the first alternative asset management fund in which investments of €10,000 or more can be made.

Bankinter Investment's activity is complemented by another series of activities that the Bank offers its customers, such as advice on Mergers and Acquisitions, Real Estate Investment, Capital Markets (bond issues, private placements in MARF, promissory note programmes, IPOs, capital increases); and Structured Finance: project finance transactions, acquisitions, assets, balance sheet restructuring, shareholder reorganisation, optimisation of corporate structures, etc.