Carmel Drake

The Socimi, which specialises in the purchase and subsequent rental of homes for the elderly, lost €805,238 in 2019, despite multiplying its property portfolio by 3, in the midst of its business expansion.

In February, 36,050 mortgages were constituted on homes, up by 16.1% compared to the same month in 2019, according to INE. The volume of capital loaned soared by 64.8% in inter-annual terms, albeit pre-coronavirus.

The real estate company controlled by Carlos Slim has convened its shareholders for their annual meeting on 2 June.

With an investment of €311 million, the real estate company owned by the Larios family is planning to transform 250 hectares of agricultural land into a luxury hotel, residential and golf complex.