It is a public limited listed company whose main activity is the acquisition, development and rehabilitation of real estate assets for leasing.
They can invest directly in real estate or through participation in the capital of other SOCIMIs.
They are the Spanish equivalent of the REIT (Real Estate Investment Trust).
Must be listed on a Spanish or European regulated market
Requirements to incorporate a SOCIMI
Minimum share capital of €5 million
Real Estate assets, inside or outside Spain
80% of the real estate must be allocated to rental activity
Assets in portfolio for at least 3 years
Listed on a Spanish or European regulated market
Can be incorporated with only one property
Can invest in other SOCIMI or REIT
80% of income must come from rents or dividends from investments in other SOCIMI
SOCIMI’ s goals
Promote the rental market in Spain
Provide liquidity to real estate investments
