5th listing of 2023 on Euronext Milan
Eurocommercial Properties brings the total number of companies listed on Euronext Milan to 223
Milan – 16 May 2023 – Borsa Italiana, part of the Euronext Group, today congratulates Eurocommercial Properties N.V. on its listing on Euronext Milan.
Eurocommercial Properties is a Real Estate Investment Company already listed on Euronext Amsterdam and Euronext Brussels, with a market capitalisation of €1.1 billion as of May 15th. The Company, which currently owns and operates 24 shopping centres in Belgium, France, Italy and Sweden, is one of Europe’s shopping centre specialists.
Eurocommercial Properties represents the fifth listing since the beginning of the year on Euronext Milan and it brings the total number of firms currently listed on Euronext Milan to 223. Eurocommercial Properties will retain its listing on Euronext Amsterdam and Euronext Brussels, in addition to Euronext Milan.
Evert Jan van Garderen, CEO of Eurocommercial Properties N.V., said: “We are delighted that today our company, Dutch shopping centre specialist Eurocommercial Properties N.V., is admitted to listing on Euronext Milan, the Italian regulated market by Borsa Italiana. Italy is a very important and strategic country for Eurocommercial as 43% of its property portfolio is invested in Italy. The Italian portfolio comprises three Italian flagship shopping centres and five dominant suburban shopping centres, all located in Northern Italy. The Euronext Milan listing is expected to contribute to the visibility, reputation and brand awareness of Eurocommercial in the Italian markets and to Eurocommercial’s Italian business. Next to its home listing at Euronext Amsterdam, the company is also listed on Euronext Brussels. We look forward to a successful trading in our shares and would like to thank Borsa Italiana and Euronext for their support to realise this dual listing.”
Caption Evert Jan Van Garderen, CEO of Eurocommercial N.V., Roberto Fraticelli, CFO of Eurocommercial N.V., Salvatore Occini, Country Manager Eurocommercial Italy, and Luca Lucaroni, CFO of Eurocommercial Italy, rang the bell during the market open ceremony this morning to celebrate the Initial Public Offering of the company.
Eurocommercial Properties Eurocommercial Properties N.V. is a Euronext-quoted property investment company and one of Europe’s shopping centre specialists. Founded in 1991, Eurocommercial currently owns and operates 24 shopping centres in Belgium, France, Italy, and Sweden with total assets of about €3.8 billion. https://www.eurocommercialproperties.com/