Lionel Messi, the legendary Argentine footballer, has recently launched a significant new venture in the realm of real estate. Messi’s real estate investment trust (REIT), known as Edificio Rostower Socimi, has made its debut on the Spanish market with a noteworthy valuation of €223 million. This move signifies an exciting expansion of Messi’s influence beyond the football field.
A Glimpse into Edificio Rostower Socimi
The REIT, Edificio Rostower Socimi, boasts a diverse and impressive portfolio. It includes seven hotels spread across Spain and Andorra, three office spaces, five apartments in Spain, as well as properties in prestigious locations like London and Paris. Founded in 2013, Edificio Rostower Socimi has quickly established itself as a significant player in the Spanish real estate landscape.
Messi’s Leadership and Vision
Serving as the chairman of the board, Messi has a clear and ambitious vision for Edificio Rostower Socimi. His aim is to build a solid investment vehicle that offers stable returns to its shareholders. Messi’s wife, Antonela Roccuzzo, also plays a vital role as the board’s vice-president. Other notable board members include Alfonso Nebot, who oversees Messi’s family office, and Ramon Adell, a board member of the Spanish energy company Naturgy.
Market Debut and Initial Performance
The trust made its market debut at €57.4 per share, securing a market capitalization of €223 million. Despite a promising start, Edificio Rostower Socimi recorded a €1.7 million loss in 2023. However, the company remains optimistic about its future and plans to attract new investors.
Deep Roots in Spain
The majority of Edificio Rostower Socimi’s investments are concentrated in the Catalonia region of Spain. Messi has a strong connection to this area, having moved there at the age of 13 to join FC Barcelona’s youth teams. He lived in Catalonia until 2021, when he joined Paris Saint-Germain. Messi has expressed a desire to return to Barcelona with his family after retiring from professional soccer.
Future Aspirations
Messi’s venture into real estate with Edificio Rostower Socimi is part of a broader strategy to diversify his investments and ensure long-term financial security. Listing the trust on the Portfolio Stock Exchange, a European alternative market supervised by the Bank of Spain, provides the trust with operational flexibility and control. This move comes at a time when the Spanish government is contemplating an increase in the corporate tax rate for REITs, although the proposal has not yet been approved by Parliament.
In conclusion, Lionel Messi’s entry into the real estate market with Edificio Rostower Socimi highlights his business acumen and forward-thinking vision. As he continues to build his legacy both on and off the field, his real estate trust is poised to become a significant player in the Spanish market. With Messi at the helm, the future looks bright for Edificio Rostower Socimi and its investors.
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