News

• The new REIT’s initial portfolio will comprise a mixed portfolio of residential, logistic and tertiary assets with an approximate initial volume of €700 Mn
  

• Banco Sabadell’s real estate arm plans to begin a round of talks with investors interested in the Spanish market during the next Barcelona Meeting Point

Solvia, Banco Sabadell’s real estate arm, is to set up an Asset Management division that, from now on, will be in charge of designing and managing its real estate investment vehicles. This new business division’s remit will be to create value in its assets and maximize participants’ return on investment through comprehensive advice and management.  

At the same time, Banco Sabadell’s real estate arm is to turn its Real Estate Investment Fund into the Spanish equivalent of what international markets refer to as REITs (Real Estate Investment Trusts) and which in Spain is known as a SOCIMI (Real Estate Investment Listed Company), to let in new institutional investors. The SOCIMI will start with a portfolio of residential, logistics and tertiary assets, and an approximate volume of €700 Mn.  

SOCIMIs are listed companies that mainly engage in the acquisition, development and renovation of urban nature assets for lease, either directly or through shareholdings of other SOCIMIs.  

Solvia’s management plans to initiate contacts with institutional investors potentially interested in investing in the Spanish market at this year’s Barcelona Meeting Point, which will be open for the professional market, from 29th to 31st October.  

Solvia’s innovative booth at the Barcelona Meeting Point  

Solvia's 200-plus square metre booth at the BMP will include two clearly distinct areas, one for sales and another for innovation. Solvia intends to take advantage of this major real estate event to highlight its industry leadership, with a value proposition based on rigour, seriousness, professionalism and innovation.  

Anyone visiting BMP will get the chance to see the Solvia Award’s finalist projects and enjoy a brand-new experience at the Solvia booth by being part of the Solvia Innova Housing Observatory, through eight interactive stations that including immersive reality and 3D prints. The full array of technology on display, with videos, interactive games and demos, mean visitors can find out what Solvia is doing, and about housing trends and future scenarios.  

Solvia's iPad-based customer service will enable it to attend to visitors beyond the booth, offering them a dynamic, path-breaking service.