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The First Social Housing Socimi in Spain is Created

The Socimi Primero H will start life with 170 homes for social rental; its founders want to take the company public within the next two years.

Javier Basagoiti presidente de ASOCIMI y Marian Juste Presidenta del patronato de Fundacion Hogar Si 1024x768 1
Javier Basagoiti, President of ASOCIMI, and Marian Juste, Chairperson of the Board of Fundación Hogar Si, at the signing of the constitution of Primero H.

On Thursday, Marian Juste, President of Hogar Sí, and Javier Basagoti, President of Asocimi, the trade association for Spanish Socimis, unveiled Primero H, a project aimed at combatting homelessness using the Socimi investment vehicle formula.

The Socimi, which will officially begin operating at the end of March, will start life with 170 homes for social rental. Its founders want to take the company public within the next two years.

Read the full article in Spanish.

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