GBS Finance has acted as the financial advisor to Árima Real Estate in the friendly takeover bid (OPA) launched by JSS Real Estate, valued at 245 million euros. This transaction represents a 39% premium over the closing price of Árima’s shares on the day prior to the announcement.
The operation generated a significant revaluation of Árima’s shares, highlighting the robustness and attractive valuation of the company in the real estate market. The OPA was formulated at a price of 8.61 euros per share, a figure that has driven a 34% increase in Árima’s stock price on the Continuous Market.
Details of the Operation
The proposal from JSS Real Estate, controlled by the Swiss bank J. Safra Sarasin, does not require notification to the European Commission or the National Commission on Markets and Competition (CNMC), and is exempt from the Government’s anti-takeover shield as it does not involve any critical infrastructure.
Strategic and Financial Advisory
GBS Finance has worked closely with Árima to ensure a thorough and strategic evaluation of the offer. Our team has been instrumental in structuring the transaction, ensuring that the interests of Árima’s shareholders are preserved and value is maximized for all involved.
About GBS Finance
GBS Finance is an independent investment bank founded in 1991, leading in financial and strategic advisory with extensive experience in complex corporate transactions. Our mission is to provide customized solutions that drive growth and value for our clients.
About Árima Real Estate
Founded in 2018 by Luis Alfonso López de Herrera-Oria, Árima has established itself as a prominent REIT in the Spanish real estate sector, specializing in office and logistics assets in Madrid. The company went public with an initial capitalization of 100 million euros and has shown constant growth in the value of its asset portfolio, reaching 359 million euros in 2023.
About JSS Real Estate
JSS Real Estate is a Spanish company based in Madrid, mostly owned by JSS Global Real Estate Fund, part of the Swiss banking group J. Safra Sarasin Fund Management. Since its listing on the BME Growth in 2020, JSS has pursued a strategy of expansion and consolidation in the European real estate sector.
GBS Finance is proud to have played a key role in this important transaction and remains committed to providing excellent financial advisory services to its clients.