The SOCIMI has a portfolio of eight properties that add up to around 600 serviced apartments and 300 hostel beds
All Iron RE I SOCIMI, a company promoted by the entrepreneurs Ander Michelena and Jon Uriarte, will start trading on the Alternative Stock Market in the coming days, once it has received the favorable evaluation report on compliance with the
incorporation requirements by the Coordination and Incorporation Committee of said market.
The company informs that its strategy is focused on investment and repositioning of properties that will be used as alternative urban remoteness to traditional hotels, and with a clear commitment to technology as a lever to optimize
operations. For this, the company relies on 3 pillars: strict compliance with regulations; professional and scaled management and technology support as a means of maximizing return on investment. Two
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According to All Iron's market analysis, the lodging industry is undergoing a profound transformation globally, supported by a growing demand for accommodations that offer new experiences such as integrating into the community or benefiting from
feeling at home. This process is accelerating with the development of internet platforms that promote the collaborative economy and, as a consequence of this, we currently find ourselves with a fragmented and unscaled offer of alternative urban
accommodation, generated in a changing regulatory framework.
Faced with this current offer, the value proposition of All Iron RE I SOCIMI is aimed at the acquisition of complete properties for urban accommodation alternatives to traditional hotels with a business model based on a differential offer, mainly
serviced apartments, destined to cover short and medium-term stays for both business and tourism clients.
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The SOCIMI currently has a total of eight assets, valued at more than 70 million euros, in the cities of San Sebastián, Madrid, Bilbao (2), Vitoria, Valencia, Córdoba and Budapest. This portfolio totals around 600 serviced apartments and 300
hostel beds. In this sense, its business plan includes an active policy of growth through the acquisition of new assets in the main Spanish capitals –with a focus on the urban centers of Madrid, Barcelona, Seville, Malaga and Valencia, among others–,
as well as its subsequent international expansion.
The company opens on the MaB with a share capital of 57.2 million euros, taking as a reference price 10 euros per share. This capital is distributed among more than a hundred private shareholders. The company's trading code will be
YAI1. VGM has acted as the Registered Advisor to the company