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Spain Socimis

Colonial

Companies, Ibex, Spanish economy 14th November 2022

The Socimis are already trading at big discounts of 55%-65% to NAV due to rate hikes: BUY Colonial

Bankinter |The Spanish Socimis are facing a more than foreseeable downward adjustment to the value of their assets (GAV), in light of the hike in interest rates in the last few months and the potential recession. This decrease in the valuation of their portfolios will have an impact on accounting profit and on leverage, which could already be reflected in certain areas at end-year. Our analyst team’s view: Negative news,…

Spain's tourism

Spanish economy 3rd January 2018

The Socimi Hispania becomes the biggest hotel owner in Spain

Hispania has become the sole owner of Bay Hotels & Leisure by acquiring Grupo Barceló’s 19.5% of the company for an agreed price of 172,4 million euros, according to a statement filed by the socimi with the Spanish stock market regulator. Hispania is now the largest hotel owner in Spain.

Socimis' boom

Ibex, Markets 22nd August 2017

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.

Axiare performance

Spanish Small & Mid Caps 4th April 2017

Spanish Small & Midcaps: Axiare

José Benito de Vega | Axiare has outperformed the other listed Socimis, as well as the IBEX-35 since it made its market debut in July 2014. The rise in the company’s NAV per share has reflected this upbeat trend, increasing over 30% in three years.

Socimis' boom

Markets 27th December 2016

Will the Socimis recover? Everyone thinks they will

Most analysts believe the recovery in the stock prices of Spain’s  four big Socimis will continue over the coming months. Between 70% and 80% of all brokerage houses have a buy recommendation. The fact these property investment vehicles have quite high returns and there is very little competition are amongst the positive factors.