Azora announces the listing of MilePro on BME Growth

  • The company has a portfolio of 5 last-mile logistics assets, totaling 56,000 m².
  • MilePro starts trading under the 'YMIL' ticket and with a price of €26 per share.

Madrid, May 24, 2023 – MilePro Logística Última Milla SOCIMI, S.A. ("MilePro"), a logistics REIT specializing in last mile logistics, will start trading on the BME Growth on May 26, 2023. The listing will take place within 2 years of the company's admission to the REIT regime, in 2021. MilePro starts trading under the ticker 'YMIL' and with a price of €26 per share.

MilePro, which was formed in 2021 between Azora and Indosuez Wealth Management, is focused on consolidating a portfolio of high-quality logistics assets in terms of locations, construction and operational qualities, and tenant strength.

The company already has a total of 4 operating assets located in Madrid, Barcelona, and Seville, with 100% occupancy. Its tenants include companies such as Dachser, Palibex, and the Froiz food group. In addition, it has a finalist plot, also located in the first crown of Madrid, where it plans to develop a 12,081 m² project designed under the highest quality standards, and with a firm commitment to energy efficiency and sustainability, as it will have a BREEAM® Excellent certification.

MilePro's next development in Getafe, Madrid.

In line with its strategy, the company continues to actively analyze investment opportunities in the main submarkets of the Iberian Peninsula: Madrid, Barcelona, Malaga, Valencia, Seville, Bilbao, Zaragoza, and Lisbon.

Javier Picón, partner in charge of logistics at Azora, commented: “The listing of MilePro is a further step in our strategy to expand our logistics investments and confirms our commitment to continue investing in consolidated markets with solid fundamentals, always in line with the general market situation and remaining very selective in terms of asset and tenant quality.”