A new player is about to enter the Spanish stock market. The investment fund Masa Rental, established by the influential Quesada Mendiola family, has received approval to list its shares. This family founded the well-known real estate development group Masa in Alicante, which has been active since 1973. Originally focused on housing construction and sales, the company has since expanded its business into urban planning, property management, and even agriculture.
The Market and Corporate Coordination Committee has already given the green light for a listing on BME Scaleup — a dedicated platform for growing small and medium-sized companies. Masa Rental is expected to become the eleventh newcomer to this platform in 2025. While the exact debut date hasn’t been announced, some key details are already known: the initial share price is set at 114 euros per share. This will give the company a market capitalization of an impressive 100 million euros at the time of listing.
The investment division’s main strategy is to acquire real estate throughout Spain for long-term leasing. The portfolio covers cities such as Alicante, Murcia, Madrid, Valladolid, Barcelona, and Albacete. As of October 2024, during the most recent assessment, the portfolio counted 65 properties with a total value of nearly 110 million euros. The lion’s share — about 73% — is concentrated in the province of Alicante, another 23% is in Murcia, and the remainder is spread between the capital and other regions.
Currently, the company’s portfolio has slightly expanded and now includes 68 assets. Among them are 24 commercial spaces, 22 residential properties, 16 urban land plots, two hotels, an aparthotel, an office, and two garages. According to the submitted documents, the share capital is divided equally among siblings: Justo, Cristina, Manuel, and María José Quesada Mendiola. Justo Quesada Mendiola also serves as CEO and chairman of the board. In terms of financial results, the parent group posted a profit of €1.18 million for the first half of the year, while the Masa Rental fund itself registered a small loss of €32,515, which is typical for an initial phase.
