Real estate “proptech” Libeen took shape in 2020 when entrepreneurs Sofia Iturbe and José Manuel Cartes found a working business model formula. It builds a bridge between renting and owning through savings services that make it easier for young people to access increasingly complex housing. Five years later, in collaboration with multiple partners, his efforts reach a turning point and an organizational phase begins. Listing on the stock market and the structure of the listed real estate investment company (Soshimi).
The Spanish company’s stock market adventure has become a reality as of this Thursday with its debut on the Portfolio Stock Exchange, an alternative stock exchange for listing technology and real estate companies. In the first stage, we will do this through our investee Socimi. Acquisition of 130-150 houses for 25 million euros It is distributed in more than 10 cities in Spain, including Madrid, Valencia, Barcelona and Malaga. In the second phase, the company plans to invest more than 100 million euros, which will enable it to reach more than 1,000 homes in 2026. The plan is part of a roadmap to 2030, under a model called “smart housing”. We aim to deliver over 10,000 homes by 2030 From 2027, the model will be reproduced at European level, landing in Lisbon and Porto for the first time.
Libeen joins the trading floor after a thorough process. due diligencethrough auditing and structuring, Initial capital: 4.1 million euroscorresponds to capital To date, it has invested in its property portfolio and plans to invest €25 million. It should be noted that the initial public offering was a goal that was already considered several years ago and became possible thanks to the appearance of profiles such as: Juan Velayosformer CEO of Neinor, currently serves as Chairman of the Investment Committee.
In this new phase, the Board of Directors of the SOCIMI operating company will Enrique Linares (Co-founder of Letgo, Partner at Plus Partners) Alvaro Falco. Additionally, our key partners and investors include: and bank (via Actyus and MyInvestor), German Funds cusp capital (Investors in companies like Zalando, Klarna or Delivery Hero), benjamin hellweg (sold US Libeen competitor to Blackstone) and entrepreneurs such as Inigo Juantegui (Co-founder of La Nevera Roja).
But how does the service actually work? In the SmartHousing model, users can choose the home they want to buy, and Libeen will buy it for them. From there, ITenants pay approximately 1,250 euros per month (depending on the price of the house). Up to 30% of that fee accumulates as savings for future purchases. Using this system, customers can access mortgage loans and It takes an average of 3 to 7 years to become an owner.. The company guarantees that 100% of users who complete the program will receive mortgage financing, achieve average savings of more than 50,000 euros and improve each customer’s credit history.
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