Spain

REITs & Socimis – vehicles of Social Impact

REITs & Socimis – vehicles of Social Impact

The Iberian REIT & Listed Conference 2025 is set to host Blanca Hernández, Founder & CEO, tuTECHÔ & Magallanes Value Investors, who will deliver a keynote speech on how through corporate responsibility real estate companies can eliminate the social dilemma of homelessness. The event, organized by EPRA - European Public Real Estate Association - and Iberian Property, will take place on February 6th, 2025, at the exclusive LOOM Azca venue in Madrid.

Blanca Hernández founded tuTechô over three years ago, consolidating thus the first social SOCIMI in Spain, a vehicle that operates through the purchase of ‘ad hoc’ flats according to the needs of the social entities, which are responsible for paying the rent for the homes. As Blanca Hernández, president of the socimi, explained during the company's stock market debut last April, these are affordable rents that are around 30% below the market and that, in case of need, the social entities can ask the Techô Foundation for help to meet the payment. In this way, non-payments that could compromise the viability of the project are prevented. A project that is “viable, sustainable, profitable and scalable”.

The vehicle has investors of all kinds, from retail to large investors, including institutional investors. ‘With the exit to BME Growth, we expect more retail and private banking investors to join. The more people who join, the more flats we can buy to provide homes for more people,’ said the company's chairwoman.

She further adds that this social scourge could be tackled with more investment. ‘We don't have a ceiling for investment. If we keep adding investors, we can put an end to this problem’, she argues.

The Iberian REIT & Listed Conference, now in its 7th edition, is the region’s premier forum for discussing the opportunities and challenges in listed real estate. This year’s event will gather international leaders of the industry, making it the ideal stage to also debate the social impact the sector can have.

Don't miss out and reserve your spot now for this flagship event HERE!

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