(Tiper Stock Exchange) – Arras Group it’s from today listed on Euronext Growth Milan – professional segment (EGM PRO), the segment of the SME market dedicated to professional investors. It’s about a second home real estate development company, mainly in Sardinia; structured as an operating holding company, Arras develops each initiative with an ad hoc real estate vehicle controlled 100% by the same, maintaining all the central services such as feasibility studies, design and marketing under the responsibility of the Arras Group, with the aim of becoming the point of reference for those who want to buy an exclusive property.
“We are very pleased with the listing, as we have had one great response from shareholdersachieving the objectives that we had set ourselves – he told Finance theAD Enrico Arras – Now we are sure that the growth path will be much faster and will allow us to greatly accelerate the projects in the pipeline”.
“Expansion projects are first of all about respecting the industrial plan and accelerating the projects in the pipeline – explained the manager – the second step is to replicate the business model of Arras Group in other regions of Italy, but also in other nations overlooking the Mediterranean Sea”.
In the placement phase Arras Group has raised 1.9 million eurosresulting in a market capitalization at the start of trading of over 5.3 million.
“We have no real competitors on the market who develop second homes – Arras explained – there are perhaps local competitors, but there are no real players who like wildfire build and develop projects far and wide, for example as we did in the Sardinia region but as we are also starting to look at other regions of Italy”.
“The plans for 2024 are above all to comply with the industrial plan and give a significant response to our shareholders – continued the CEO – We went public to give the company the right foundation, because in any case a listed company on the stock exchange it is always an institution, it is a hallmark to offer ourselves to customers, and above all to those arriving from abroadas they now cover around 95% of our of our requests.”
Arras Group represents the twenty-first listing since the beginning of the year on Euronext Growth Milan, and brings the total number of companies currently listed on this segment to 200. In addition, it is the 42nd listing of the year up Euronext.