TESTA RESIDENCIAL SOCIMI S.A. is the largest multi-family housing SOCIMI in Spain, with a portfolio of more than 10,000 apartments. Its assets are primarily located in Madrid, while it also has a presence in other key metropolitan areas like San Sebastián, Barcelona, Las Palmas de Gran Canaria, Palma de Mallorca and Valencia.
Incorporated in 2001, TESTA has built a customized portfolio by selectively acquiring attractive properties from some of the largest portfolios in Spain, specially since 2016. The selection of properties has been consistently guided by clear criteria, consistent with our strategy of focusing on residential properties with high capital accretion potential in metropolitan areas with solid growth expectations.
The business is managed internally and led by a team of experienced senior managers. TESTA’s purpose is to generate a sustainable shareholder return through the acquisition, focused management and selective rotation of residential real estate assets. It also aims to strengthen its leaderhip in the highly fragmented Spanish residential market, taking advantage of the current favorable structural and macroeconomic trends in Spain.