Lionel Messi launches Real Estate company in Stock Market: Share Price, How to Buy, Directors - All you need to Know

Add as a preferred source on Google

Lionel Messi has now stepped into the world of real estate investment. The Inter Miami star and former FC Barcelona forward recently debuted his real estate investment trust (REIT), Edificio Rostower Socimi, on the Spanish market.

The Argentina legend, who won the World Cup in 2022, has already launched his trust in the Spanish market.

What is Edificio Rostower Socimi?

Edificio Rostower Socimi is a real estate investment trust that owns a diverse portfolio of properties across Europe. According to documents published by the Portfolio Stock Exchange, the company owns:

• Seven hotels in Spain and Andorra
• Three office spaces and five apartments in Spain
• Residential properties in London and Paris

The REIT primarily focuses on investments in the Spanish region of Catalonia, where Messi lived for over two decades during his time with FC Barcelona.

Founded in 2013, Edificio Rostower Socimi made its stock market debut on Monday at a price of 57.4 euros per share, giving it an impressive market capitalization of 223 million euros ($232.12 million).

Who Runs the Company?

Lionel Messi chairs the board of Edificio Rostower Socimi, with his wife, Antonela Roccuzzo, serving as vice president. Other board members include Alfonso Nebot, the head of Messi's family office, and Ramon Adell, a director at Spanish energy firm Naturgy.

The Financials

Despite its strong portfolio, the company posted a 1.7 million euro loss in 2023, as reported by the Portfolio Stock Exchange. However, its entry into the public market could pave the way for further growth and expansion.

What is the share price of Edificio Rostower Socimi?

The shares debuted at 57.4 euros each, so investors should consider market fluctuations and trends before purchasing.

Can Indians buy the shares of Lionel Messi's company?

Yes, Indian investors can buy shares in Lionel Messi's company. To make that happen, one will have to facilitate the trade with an Indian broker who offers international trading. The prices in Indian currency for each stock is Rs 5107.