Ivanhoé Cambridge becomes reference shareholder in Árima Real Estate SOCIMI

Ivanhoé Cambridge has become a shareholder of Árima Real Estate, a Spanish listed real estate investment trust (SOCIMI).

“Madrid office market is anticipating a sustained rental growth, and we believe Árima is the right investment vehicle to take advantage of that cycle,” said Karim Habra, head of Europe and Asia Pacific for Ivanhoé Cambridge.

The capital increase of €150 million ($t166 million) has been mainly subscribed by Ivanhoé Cambridge as reference shareholder, for an amount of €60 million ($67 million).

Ivanhoé Cambridge, through a British affiliate, becomes the main shareholder in Árima and will appoint Stanislas Henry, head of strategic partnerships, Europe, at Ivanhoé Cambridge, as member of the board of directors of Árima as well as the audit and control committee and remuneration and appointments committee. Ivanhoé Cambridge will also participate in the investment committee of the company.

This significant contribution will