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Inversa Prime SOCIMI celebrates its fifth anniversary on BME Growth

It is five years since Inversa Prime, previously called Almagro – a leading European company in the development of home reversion in Spain–debuted on the BME Growth market. In these five years, the company has developed a new market that allows the elderly to liquidate their real estate assets, remaining in their homes for life while simultaneously generating a fair return for its shareholders
February 13, 2024

Since its debut on BME Growth and according to the latest data published, the SOCIMI (REIT) has invested more than 118 million euros in a portfolio of prime assets valued at 158.3 million euros, which has grown from 12 properties to the current 244. The properties are mainly located in the prime locations most liquid areas of Madrid and Barcelona, and in some of the main cities such as Bilbao, Malaga, Seville and Valencia.

In this period, Inversa Prime SOCIMI has also met its profitability target. The company’s NAV[MPO1]  per share growth exceeded 9% in the period from 2019 to 2024 [MPO2]  and it had an average return on divestments of over 12%.  In 2023 Inversa Prime SOCIMI distributed the first dividend against to 2022, a milestone that will be recurrent in the coming years thanks to the rotation of assets as the portfolio matures.

According to  Juan Jordano, Chairman of Inversa Prime SOCIMI, "Inversa Prime SOCIMI's listing on BME Growth has given us the confidence that investors look for in growth companies. The latest capital increase was carried out in 2021 for an amount of 50 million euros and was oversubscribed by 91%, pointing out the confidence of investors in the company's project and in BME Growth as a supervisor. This has help us to develop a product with a clear social orientation,  become the most liquid SOCIMI in its market and the only one listed on the 'continuous market' .

BME Growth is a platform that enables growth SMEs to access the capital markets. In Spain, this is especially critical given that 99% of the country's companies are SMEs.  These account for 65% of Spain’s GDP and employ 80% of the local workforce. However, the possibility of listing on the platform is open to these companies regardless of their geographic location.  While participation in BME Growth is not limited to any particular  sector, companies operating in the technology, biotech and health, engineering, telecoms and renewable energy sectors are all well represented. 

In addition to having the highest standards of transparency and oversight, the BME Growth market offers advisory services to SMEs to guide them through the listing process and beyond. There is also a growing group of qualified investors who support, trust and follow the organic and inorganic growth plans presented by companies.

BME Growth has been instrumental in fostering and contributing to the success of Inversa Prime and other leading companies in the SME sector by providing them with financing, liquidity and invaluable advice.

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