Prime Yield presents “Investment Guide for SOCIMIs and SIGIs 2019” in Lisbon
Prime Yield, part of Gloval, and DLA Piper have presented the “INVESTMENT GUIDE FOR SOCIMIs AND SIGIs 2019” in Lisbon. This ground-breaking initiative provides a comparative analysis of SOCIMIs, a huge success in Spain, with the recently-launched Portuguese SIGIs. The guide comprises 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 took place at DLA Piper headquarters in Lisbon, on June 5th, hosting a session with the participation 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. Manuel Puerta da Costa, member of the board of APFIPP and president of APAF, has opened the session in Lisbon.
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 Madrid, the day before, at June 4th.