Castellana Properties (YCPS), Spanish REIT specialized in the acquisition, management and refurbishment of retail real estate assets, received the approval by the Board of Directors of the Spanish Alternative Stock Market (MAB for its initials in Spanish) to be listed from July 25th.

After assessment of the information submitted by Castellana Properties, the Coordination and Incorporation Committee of the MAB announced the approval in terms of compliance with the prerequisites for the incorporation in the REITs segment.

Castellana Properties’ process of incorporation to the MAB will be completed through a listing, aiming at continued growth to become the referential REIT in the Spanish retail sector.

The company, listed on the MAB since Wednesday, July 25th, designated Renta 4 Corporate as the registered advisor and Renta 4 Bank as liquidity provider.

Castellana Properties Shareholders will remain as part of the capital. Currently, Vukile Properties Limited controls 97.4% of the shares, while 2.5% are in the hands of minority shareholders, and the remaining 0.1% are treasury share.