GA_P advises Mutua Madrileña on Spain’s first ELTIF for premium housing aimed at people over 65

Gómez-Acebo & Pombo has advised Mutua Madrileña, through its asset management company Mutuactivos SGIIC, on the launch of Mutuafondo Premium Housing ELTIF (European Long-Term Investment Fund).

This is the first investment fund of its kind to be established in Spain. It is a pioneering vehicle that invests in residential properties in major Spanish cities—with an initial focus on Madrid—and combines a dual objective: on the one hand, providing liquidity to individuals over 65 who own their primary residence, which they can transfer to the fund while continuing to live in it; on the other hand, offering investors interested in participating the opportunity to invest in a diversified portfolio of residential real estate assets with potential for appreciation.

With this product, Mutuactivos becomes the first Spanish asset manager to launch a FILPE of this kind, thereby strengthening its leadership in financial innovation and the design of long-term investment solutions.

The GA_P team was composed of Guillermo Guerra, partner, Corporate; Valentina Rodríguez, counsel, Corporate; Enrique Isla, partner, Real Estate; Jaime Hidalgo, senior associate, Real Estate; Javier Vinuesa, partner, Tax; and Iván Escribano, senior associate, Tax.