Merlin Properties

Merlin Properties will be a Socimi in Portugal when the country's legislation opens up to EU firms

Merlin Properties Will Be A Socimi In Portugal When The Country’s Legislation Opens Up To EU Firms

Merlin Properties’ CEO, Ismael Clemente, said it will take advantage of Portugal’s socimi regime when the country’s legislation is open to the incorporation of the so-called ‘community passport’ for companies from other European countries. Clemente was speaking at the III Iberian REIT Conference. Merlin has been in Portugal since 2015. Together with Spain, it is the firm’s strategic market.



BofA: Consensus underestimating Merlin

Spanish real estate still has growth to deliver. Regardless of global economic slowdown, Brexit or trade tensions, we think the country’s competitive labour market should support one of the highest economic growth rates in Europe. Spanish GDP should grow at 1.7% pa over the next three years vs 1.1% in the Euro area, according to BofA economists.


Office rents in Madrid are yet to reach previous peak levels

The capital of Spain is one of the most cyclical markets in Europe and rents are still far from the previous peaks. According to Morgan Stanley, there is more upward potential in values ​​with exposure to offices in Madrid. Besides, Spain is expected to grow above the European average.



Testa aims to consolidate with its listing its position as property ‘giant’

Testa Delays Its IPO Due To Political And Market Instability

The shareholders of the Testa Residencial, Santander (37%), BBVA (26%), Acciona (20%) and Merlin Properties (17%), have finally chosen to list the Socimi on the MAB instead of making a public offer of part of its share capital. The reason behind the decision is the tensions in the financial markets over the last few days.



Socimis' boom

Socimis in Spain are experiencing a boom which is unparalleled in Europe

Almost 10 years after the big property bubble burst, Spain is once again showing how emotional it can get it with bricks and mortar in all its forms. And emotional is the word, because the ‘revival’ of the real estate sector – something which nobody was betting on three or four years ago – is so spectacular that not a day passes when there is not some sort of euphoric news emerging about it. Of course figures are figures and these are more than amazing. If we focus on the Socimis, the protagonists of the property market in this current phase, the truth is the numbers are really impressive.


Socimis

Spain’s 4 Big Socimis Are On Investors’ Radar

Fernando Rodríguez | Hispania, Axiare, Lar and, above all, Merlin are looking good. Spain’s 4 big Socimis are reflecting the favourable economic cycle, the recovery in the property market and the beneficial tax conditions they enjoy. Risks include the upward tension in interest rates and the profileration of competitors, with the stock market swarming with 30 or so Socimis of all kinds.