La Presentación · the platform in fourteen slides · MMXXVI

EL SOCO

Shelters for people, in the places nobody else would build.

developed by Frest · press → to begin

01 · La Palabra

so·co

Canarian Spanish. Abrigo, refugio, lugar a propósito para resguardarse del viento. The shelter a dry-stone crescent wall makes for a single vine in La Geria.

The wall is the zoco. The shelter is the soco. We own the feeling, not the object — and every estate we build is a soco for people.

RAE · Tesoro de los diccionarios históricos · DHECan, 1924 / 1957

02 · La Isla

A quarter of the island is new ground.

Six years of eruption from 1730. A Biosphere Reserve. A grammar of whitewash and black stone protected since 1974. 3.42 million visitors a year, busiest in March and October.

Aerial visualisation of the walled compound on black lapilli — Visualisación · the compound from above

03 · La Tesis

Scarcity
is the
product.

New build on rustic land is close to impossible. A pre-existing traditional building is the only door left open. Every El Soco estate starts with one — because on this island, the ruin is the licence.

04 · El Formato

What every soco has.

1
One wall
Dry-laid volcanic stone, restored first. New volumes low and behind it, in lime.
2
Three to five keys
Each with its own gate, terrace and parking. Let whole or apart.
3
A pool and a court
Twelve metres on its own deck; a 200 m² serviced platform, padel first.
4
No neighbour, no street light
And an Atlantic wave within twenty minutes.

05 · Estate 01

Finca del Fuego, Yaiza.

A ruined finca in the malpaís below Timanfaya rebuilt as four keys, a heated pool and a floodlit court. ≈ 10,000 m², 5 km from the park gates, 25 km from the airport.

Estate profile →

Visualisation of the pool deck — Visualisación · la piscina

06 · El Modelo

Three ways to run it.

Casa entera

6.5%

on cost

Cuatro llaves

7.0%

on cost

El Club

9.3%

on cost

07 · La Pista

The only private court on the island.

Every padel court on Lanzarote belongs to a hotel or a complex. Ours sits on a level, serviced, floodlit platform with nine programmes on it — and it is forty-five metres from the nearest bed.

Visualisation of the compound with the court at the far corner — Visualisación · la pista

08 · El Capital

€1.80M

Three tranches. Three written gates. Nothing moves on the ground until the licence opinion does.

Gate	Releases	€
1 · Licence opinion	Plot, main house, services	1,050,000
2 · Campaign A topped out	Casitas, pool, gardens	545,000
3 · Court consent, two quarters	Court, pond, kitchen	205,000

09 · La Estructura

Principal first. Two co-investors. Debt behind the licence.

55%

Principal share of equity

€660k, secured on existing real estate

≤ 2

Co-investors

€540k band; they take their own weeks

€600k

Senior debt

~70% LTV, only on a permitted asset

10 · El Retorno

Ten-year hold. Highest of three values at exit.

1.83×

Downside · 7.1%

Court refused · €2.41M

2.53×

Base · 11.4%

Comparable value · €3.46M

3.29×

Upside · 14.6%

Private buyer · €4.82M

11 · La Honestidad

The honest
version.

Not yet an investable proposition — an investable option. The base and upside exits assume the estate can be sold as a residence if letting is refused. That assumption is on the cover, and it is the first question in the planning opinion.

The next step is €15–25,000 of due diligence, not a funding round.

12 · La Réplica

Own it. Co-own it. License it.

I
Prove
Finca del Fuego trades two quarters at forecast. The standard is written down.
II
Repeat
Estates 02–03 under El Soco Capital, within the same planning regime.
III
License
Third-party estates on the Atlantic islands under the name, with Frest as builder of record.

13 · La Ruta

2026 → 2036.

2026

Gate 1

Counsel's opinion, pre-application, name cleared.

2029

First revenue

Estate trading; Club El Soco opens.

2036

Year ten

Exit or refinance; five to eight socos.

14 · Al Soco

Built
for the
wind.

EL SOCO · developed by Frest · brand book · la guía · la visión