Orion Rental has made history by becoming the first affordable housing Socimi in the Canary Islands to debut on the Portfolio Stock Exchange. Valued at €13.4 million, this listing represents a major step forward for the Islands’ real estate sector, standing out as a key opportunity for investors looking to access the affordable housing market. Incorporated in June 2023 and chaired by Víctor Martí, founder of GMA Corporate, it becomes the first Canary Islands SOCIMI dedicated to the development of subsidised affordable rental housing to be listed on a Spanish market.
It currently manages 9 buildings in Granadilla de Abona, Tenerife, with a total of 315 subsidised housing units, and is backed by Canarian companies from various fields committed to the economic and social development of this community.
The company not only seeks to mitigate the shortage of protected housing in the Canary Islands, but also contributes to solving the problem of accommodation for employees in the tourism sector in the main areas of the archipelago, a vital activity for the regional economy and social welfare.
To guarantee a professional management, Orion Rental relies on the services of AGM Canary Asset Management, a company specialized in the investment and management of real estate assets, led by professionals with more than 30 years of experience in the sector.
Orion Rental presents itself as an innovative alternative, focused on responding to the urgent need for affordable housing, especially in a market where rents are constantly on the rise. With this debut, Orion Rental not only consolidates its position in the real estate market, but also opens the door to new investment opportunities that could benefit both the Canary Islands economy and the housing market in general.
The news has been widely covered by various media outlets, highlighting the impact of this milestone for the local economy and the real estate industry. Among the main sources that have echoed this achievement are media outlets such as Expansión, Europa Press, Intereconomía, and El Español, highlighting the strength of Orion Rental’s business model and the importance of this move in a context of growing demand for affordable housing.
Do you want to know more about Orion Rental and their future projects? Check out their official website and find out more about their projects.
Discover how Orion Rental is redefining the real estate market in the Canary Islands!
