INSUBCONTINENT EXCLUSIVE:
Soccer superstar Lionel Messi has made a bold move into the real estate market
The Argentine player listed his property portfolio as a Real Estate Investment Trust (REIT) in Spain
It includes seven hotels in Spain and Andorra
The portfolio also features commercial spaces for shops and offices
They were listed on the Portfolio Stock Exchange, a small digital-only Spanish bourse
This choice of exchange surprised many, as most Spanish REITs prefer the more prominent BME Growth index.Messi serves as the chairman of
His wife, Antonela Roccuzzo, holds the position of vice-president
(Photo Internet reproduction)Despite its impressive valuation, Rostower faces some challenges
The company reported losses in both 2022 and 2023
It came shortly after a blocked attempt by the Spanish government to increase taxes on REITs
This move allows Messi to benefit from the current favorable tax regime for such trusts in Spain.Lionel Messi Ventures into Real Estate with
It reflects his deep ties to the region where he spent most of his career
It shows a shift from his traditionally low-key approach to business investments
property investments in culturally rich areas
