19 REITs with assets worth €4.500M started its listing until November

19 REITs with assets worth €4.500M started its listing until November


However, if the predicted new listings are confirmed, the number of new REITs listed will surpass the 20 registered in 2017, according to III Análisis ArmabeX-ArmanexT about REIT evolution in Spain.

MAB is still the stock market of reference for REITs in Spain, with more than 64 REITs since 2013.

All together, the market value of all the assets from the 66 REITs formed in Spain and listed at MAB and Euronext from January until November 2018 has been around 17.013 million euro, compared to 12.517 million euro in 2017, which represents a 36% increase.

2018 has once again shown the diversity in asset typology which gives REITs’ portfolios a differential value and that 69% of investments are not destined to housing: offices (3.598 million euro in assets), shopping centres (2.454 million euro in assets), premises (1.953 million euro in assets), warehouses (1.086 million euro in assets) and hotels (913 million euro in assets), among others represent the majority of asset typology in which listed Spanish REITs invest.

In fact, out of the 66 REITs which started its listing, 25 have included houses for rent amongst its real estate assets and its market value represents 26.6% of real estate investment from REITs incorporated in a multilateral trading system. Until November 2018 only 8 of the 19 new REITs had houses amongst its real estate assets.


Madrid leads REIT investment

Madrid leads REIT investment having attracted 8.053 million euro in five years, of which 70.5% were invested in non housing assets.

Madrid is consolidating itself as the Spanish province where REITs invest the most. 17 of the 19 newly listed REITs in 2018, included real estate assets located in Madrid with a 2.408 million euro market value representing 53.6% of the total investment from January until November 2018.

Since 2013 Madrid has attracted 8.053 million euro in investment from REITs of which 70.5% were destined to non housing assets including offices, premises, terrains, shopping centres, warehouses, hotels and petrol stations.

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