Vitruvio Real Estate SOCIMI SA operates as a Spanish real estate investment trust focused on the acquisition, development, and management of urban properties for rental income. The company owns and manages a diversified portfolio of office buildings, commercial premises and parks, residential properties including buildings and individual units, and industrial warehouses, primarily located in prime areas of central Madrid, Barcelona, and the Basque Country in Spain. Founded in 2014 and headquartered in Madrid, it targets high-demand urban markets with population growth, providing liquidity solutions to property owners in shared ownership while maintaining conservative leverage with net debt at around 16% of asset value.
Its portfolio, valued at approximately 267 million euros following recent expansions, generates rental yields averaging over 5%, with 2024 collections reaching 10 million euros and occupancy supporting quarterly dividend distributions targeting 0.48 euros per share in 2025.
In 2025, Vitruvio completed the merger with Mercal Inmuebles SOCIMI, absorbing 63 million euros in commercial assets via a 2.8 million share issuance at a 15.6 euros per share exchange ratio; acquired Poligono Garza 2000 SL and the Orense 69 property; and added a residential portfolio in central Madrid plus a commercial park near Plenilunion, boosting annualized rents by 1.4 million euros at 6.6% yield.