Andrew Tan’s Emperador Properties to list on Spanish Stock Exchange

Philippine property and spirits tycoon Andrew Tan’s Emperador Properties is set to list on Spain’s BME Growth Stock Exchange next Monday, December 19, following regulatory approval.

Emperador Properties said it will be offered on BME Growth’s SME Stock under the “YEPSA” ticker, as approved by the Market Coordination and Incorporation Commission.

Emperador Properties currently has two listed real estate investment trust (REIT) assets with a combined gross leasable area (GLA) of 86,719 square meters.

This includes the 57-storey Torre Emperador Castellana located in the financial center of Madrid, which has floor spaces ranging from 1,200 square meters per floor at the higher levels to 1,600 square meters for the lower levels.

It also includes the 23-storey Torre Diagonal One located in the 22nd district of Barcelona, nearby a museum, a shopping center, and a beach.

“We are looking forward to seeing how Emperador Properties evolves in this new stage,” Emperador Properties chief executive officer Joan Cortés Vilardell said in an emailed statement.

“Our commitments to our employees, tenants, and partners remain as present as always in our day-to-day life,” Vilardell added.

Emperador Properties — which is not related or associated with Emperador Inc. or any of the firms under Tan’s Alliance Global Group Inc. (AGI) — also owns the 35-storey Torre Caleido Shopping Center in Madrid.

Tan’s AGI is involved in property development, food and beverage manufacturing and distribution, quick service restaurants, and tourism development.

Its subsidiaries include Emperador Inc., Megaworld Corp., Travellers International Hotel Group Inc., Golden Arches Development Corp., and Infracorp Development Inc.—AOL, GMA Integrated News