Investors from Mexico and Venezuela will create Spanish real estate companies
Madrid is the preferred location for real estate investment mainly focused on homes and offices
Big Mexican and Venezuelan investors are preparing to create Listed Companies of Real Estate Investment (SOCIMIS in Spanish) in Spain, a decision that on the part of Venezuela seeks to follow the steps of high representatives of the Caribbean country such as Miguel Ángel Capriles, creator of the Agartha Real coworking Socimi.
For its part, Mexico, very familiar with the Socimis, waited a year to analyze the functioning of the incorporation of Spanish companies into the pan-European stock market. However, the projections point to the stock market operator Euronext, where the great Mexican and Venezuelan fortunes will be quoted.
According to the president of the Armanext stock market advisory, Antonio Fernández, who advises a dozen of the 20 or 25 Socimis that are expected to go public in 2020, Mexican and Venezuelan investors are “coming massively”, attracted by the legal security offered from Europe, and with the intention of relocating part of its investments in real estate.
According to an analysis carried out by Armanext, the interest in the European multilateral trading system is gradually growing. This could be evidenced by reflecting the 22 Socimis that have been incorporated in 2019 (seventeen to the MAB and five to Euronext).
The “socimi media” account in its portfolio between six and twenty properties valued at 223.9 million euros and is made up of 50% by non-resident shareholders, while 19.5% of the investment comes from family groups, and 30.8% of other shareholders.
K. Villarroel
Source: bancaynegocios
