Prime Yield presents “Investment Guide for SOCIMIs and SIGIs 2019” in Madrid
Prime Yield, part of Gloval, and DLA Piper have presented the “INVESTMENT GUIDE FOR SOCIMIs AND SIGIs 2019” in Madrid, in an event that took place in DLA Piper’s headquarters at the Spanish capital on June 4th. This ground-breaking initiative provides a comparative analysis of SOCIMIs, a huge success in Spain, with the recently-launched Portuguese SIGIs, comprising a legal approach to these vehicles that promote real estate investment, besides of giving an overview of the Portuguese and Spanish real estate markets.
The event was opened by Roberto Rey Perales, President and CEO of Prime Yield, hosting a session with the key findings of the Guide, with the participations of Nelson Rêgo (Prime Yield), who presented the current moment of the Iberian real estate market; Luís Filipe Carvalho (DLA Piper Lisboa), responsible for presenting the legal context of SIGI, and Orson Alcocer (DLA Piper Madrid), who detailed the legal framework of the Spanish SOCIMIs
Now that Portugal is taking its first steps into the Real Estate Investment Trust (REITs) market, with the recent creation of SIGIs (the national designation for real estate listed companies), and that Spain is consolidating as one of the world’s most relevant markets for this type of investment (the so-called SOCIMIs, in the country), Prime Yield, part of Gloval, and DLA Piper launched this Investment Guide as roadmap for investors in REITs with an interest in the Spanish and Portuguese real estate markets.
The Guide was also presented in Lisbon, the day after, at June 5th.