DLA Piper has advised Entrecampos Cuatro, SOCIMI S.A. on the admission to trading on the Alternative Stock Market (Mercado Alternativo Bursátil - MAB). This is the first time in Spain that shares from a company investing in the real estate market (SOCIMI) have been allowed to trade.

A recent reformation of laws has resulted in this kind of transaction now becoming legal, and a number of companies in Spain have consequently registered and are in the process of preparing their future listing on the MAB.

Entrecampos, the first company to achieve this, is a family business managed by the Segura family, and shall be trading as of 28 November, at 1.59 euros per share, which implies a value for the company of approximately 87 million euros.

The DLA Piper team involved in the transaction consisted of Ignacio Gómez-Sancha, partner; and Marta Montalbán, senior associate.