Lionel Messi Launches Real Estate Investment Trust in Spain

December 31, 2024 - 12:45

A new real estate investment trust initiated by Argentine soccer icon Lionel Messi has officially entered the Spanish market, debuting at a share price of 57.4 euros. This launch has resulted in a significant market capitalization of 223 million euros, equivalent to approximately $232.12 million.

Messi, who currently plays for Inter Miami and is renowned for his successful tenure with FC Barcelona, has been appointed as the chairman of the board for Edificio Rostower Socimi. This information was disclosed in official documents released by the Portfolio Stock Exchange, which operates under the oversight of the Bank of Spain.

Edificio Rostower boasts an impressive portfolio that includes seven hotels located in Spain and Andorra, three office spaces, and five residential apartments within Spain. Additionally, the trust holds properties in prominent cities such as London and Paris, indicating a diverse investment strategy aimed at capitalizing on various real estate markets.