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Socimis Warn of the Negative Impact of Covid on Their Liquidity

Sources at Asocimi warn that Socimis will see a decrease in the value of their assets due to the resolution of contracts, the payment of aid to tenants and the fall in demand for rental properties.

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Asocimi, an association that represents 34 Socimis listed on BME Growth (formerly the MAB), has warned that the impact of the Covid crisis has caused a deterioration in the value of the equity of its member companies and that it could affect their liquidity in the future.

The President of the association, Javier Basagoiti, explained at a meeting organised by Grant Thornton and Renta 4, that “the economic situation emerging as a result of the Covid-19 pandemic is impacting the value of the assets managed by the Socimis that operate in the Spanish market ”.

Read the full article in Spanish.

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