NASDAQ OMX (NASDAQ:NDAQ) announced that Victoria Park AB (short name: VICP), a Small Cap company within the Financials sector, has started trading of its shares on the main market of NASDAQ OMX Stockholm. Victoria Park was previously listed at First North and is, including switches, the 14th company to list at NASDAQ OMX’s Nordic main markets in 2013 (NASDAQ OMX Stockholm; Helsinki; Copenhagen and Iceland).
Victoria Park is a real estate company that focuses on the business areas of lifestyle living and property management. Victoria Park’s real estate portfolio amounts to approximately 261,000 square metres, divided between housing (243,000 sqm) and commercial office space (18,000 sqm). Excluding land, the portfolio had a book value of approximately SEK 1,642m on 30 September 2013. Victoria Park’s aim is to establish itself as a major player in the Swedish housing market. The company invests primarily in housing projects in the growth towns of southern and central Sweden with considerable potential for value appreciation.
“Our admission to the Stockholm exchange will enhance our ability to add value to our property stock and bring about lasting growth in the value of our shares through an aggressive growth strategy and long-term property management with a social dimension,” says Peter Strand, CEO of Victoria Park. “Given our growth plans, a stock market listing is a natural next step to reach a more liquid market for real estate shares.”
”We are excited to welcome Victoria Park to NASDAQ OMX where they will join many of their industry peers in the real estate segment,” says Adam Kostyal, Senior Vice President at NASDAQ OMX. “It is always rewarding to see companies listed on our growth market First North, take the step to our main market: Since the launch of First North in 2006 around five companies per year have moved up to the main market, thus proving the efficiency of our Nordic listing model.”