72 Socimis Have Made €50 Billion in Investments Since 2012

5 July 2019 – Richard D. K. Turner

A new study by the Bolsas y Mercados Españoles (BME) and JLL, called ‘Socimis. Stability and investment in the real estate sector. Market Report 2019,’ emphasised the growing importance of socimis in the Spanish economy and capital markets. Socimis have provided an alternate source of financing for the real estate market, coming at an opportune time after the financial crisis at the beginning of this decade.

Since the regulatory framework governing the investment vehicles, similar to REITs in the United States, was established in 2012, investors have created 72 socimis. Those firms have a total current real estate investment volume of 50 billion euros and a capitalization of more than 22.3 billion euros. Those same socimis have generated more than €2.1 billion in rents (+ 25% y-o-y) and net profits of 2.37 billion euros, with a dividend yield of 3.8% last year.

Original Story: Valenciaplaza

 

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