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Silicius Closed 2022 With a 20% Increase in Gross Rental Income to €30.9 Million

Last year, the residential and hotel segments led the rise in Silicius's gross rental income, with increases of 138.3% and 101.6%, respectively.

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Silicius has released its preliminary results for 2022, ahead of the issuance of the audit report by its auditor. The Socimi Silicius Real Estate, which specialises in the management of long-term, stable-income properties, closed 2022 having increased its gross rental income by 19.8% to 30.9 million euros. According to the firm, this is due to new commercialisations —38 new lease contracts were signed last year corresponding to a total contracted surface area of 38,324 square metres – and to contracted rent increases.

In his assessment of the company’s results over the past year, the CEO of Silicius, Juan Diaz de Bustamante, highlighted that “2022 was the year that demonstrated the consolidation and robustness of our REIT’s real estate portfolio, especially with the delivery and opening of large assets that will generate stable long-term rental income, such as the 5* Hotel UMusic Teatro Albéniz in Madrid and the 5* Hotel Iberostar Cala Domingos in Mallorca, amongst others”.

Read the full article in Spanish.

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