Messi's Real Estate Trust Debuts in Spain with 223 Million Euro Market Cap
MADRID - A real estate investment trust, initiated by soccer legend Lionel Messi, has made its debut on the Spanish market with a share price of 57.4 euros, giving it a total market capitalisation of 223 million euros (about 232.12 million USD).
Lionel MessiReal EstateSpainMarket DebutEdificio Rostower SocimiReal EstateDec 31, 2024
The trust, named Edificio Rostower Socimi, opened at 57.4 euros per share, translating to a market capitalisation of 223 million euros (approximately 232.12 million USD).
Lionel Messi, currently playing for Inter Miami and a former star of FC Barcelona, is listed as the chairman of Edificio Rostower Socimi’s board in documents submitted to the Portfolio Stock Exchange.
This European alternative market is supervised by the Bank of Spain, adding a layer of regulatory oversight to the investment.
Edificio Rostower, founded in 2013, boasts a diverse portfolio of properties.
The company owns seven hotels in Spain and Andorra, three office spaces, and five apartments in Spain.
Additionally, it has investments in apartments located in London and Paris.
Despite its extensive portfolio, the company reported a loss of 1.7 million euros in 2023, as per the documents published by the Portfolio Stock Exchange.
The trust debuted on Monday, and as of the latest updates, Edificio Rostower has not responded to requests for comment regarding its market debut.
Most of the company’s investments are concentrated in the Spanish region of Catalonia, where Messi, now 37, moved in 2000 at the age of 13 to join FC Barcelona’s youth teams.
He lived in Barcelona until 2021 when he made an unexpected move to Paris St Germain (PSG) due to financial constraints at FC Barcelona, which were bound by La Liga’s financial fair play rules.
Messi, an eight-time Ballon d’Or winner, has often expressed his intention to return to Barcelona with his family after he retires from professional soccer.
Messi’s wife, Antonela Roccuzzo, serves as the vice-president of the board, while other board members include Alfonso Nebot, who manages Messi’s family office, and Ramon Adell, a board member of the Spanish energy company Naturgy.
The decision to venture into real estate reflects Messi's strategic approach to financial planning and diversification beyond his football career.
($1 = 0.9607 euros)
Frequently Asked Questions
What is Edificio Rostower Socimi?
Edificio Rostower Socimi is a real estate investment trust launched by Lionel Messi that made its debut on the Spanish stock market with a market capitalisation of 223 million euros.
What properties does Edificio Rostower own?
Edificio Rostower owns seven hotels in Spain and Andorra, three office spaces, and five apartments in Spain, as well as apartments in London and Paris.
How much was Edificio Rostower's loss in 2023?
Edificio Rostower reported a loss of 1.7 million euros in 2023, according to records published by the Portfolio Stock Exchange.
Who are the board members of Edificio Rostower Socimi?
The board members of Edificio Rostower Socimi include Lionel Messi as chairman, Antonela Roccuzzo as vice-president, Alfonso Nebot, and Ramon Adell, a board member of Spanish energy company Naturgy.
Where did Messi move in 2000 and why?
Messi moved to Barcelona in 2000 at the age of 13 to join FC Barcelona’s youth teams, marking the beginning of his illustrious football career.
Related News Articles
Budget 2024: Government's Focus on Housing Sector to Stimulate Real Estate Market
The Union Budget 2024 has provided a significant boost to the real estate sector, with a focus on urban development and affordable housing.
Revitalising India's Urban Landscape: The Rise of Redevelopment
India's real estate sector is witnessing a new trend as redevelopment gains momentum in major cities like Mumbai, Delhi-NCR, Surat, and Bengaluru.
Rajiv Bajaj's Rishabh Family Trust Acquires Prime Land in Pune for Rs 72 Crore
In a significant real estate deal, Rishabh Family Trust, one of the prominent family trusts managed by Rajivnayan Bajaj, has purchased a land parcel in Pune's upscale Koregaon Park for a whopping Rs 72 crore.
Trump Organisation Joins Forces with Dar Global for Luxurious Real Estate Ventures in Riyadh
The Trump Organisation, a renowned real estate firm, has partnered with Dar Global to launch new luxury projects in Riyadh. This collaboration builds on their previous successful ventures, including a golf resort in Oman and projects in Dubai and Jeddah.
From Setback to Success: Kiran Joshua and the Rise of Bhandhan Properties
In Bengaluru, the real estate industry is often marred by fraudulent practices, but Kiran Joshua's journey with Bhandhan Properties stands out as a beacon of trust and growth.
New Tax Regime: An Advantage for Gen X - Money News
The new tax regime introduced by the government aims to benefit Gen X by only taxing incomes above ₹12 lakh. This has significant implications for real estate investments like Airbnb rentals.