20/10/2014 – Expansion
Freshly listed Real Estate Investment Trusts, known as Socimis in Spain, have invested 80% of their Initial Public Offering funds in property market.
Merlin Properties, Lar Real Estate, Hispania (not a REIT actually but it operates on very similar basis) or Axia Real Estate, all have jointly raised more than €2.5 billion at their flotations earlier this year.
Original article: Expansión
Translation: AURA REE