Italian asset manager DeA Capital has joined forces with Harrison Street to acquire 430 build-to-rent (BTR) units across two new assets in Madrid and Alicante, Spain, for an undisclosed amount.
The property in Madrid, located in the desirable San Sebastián de los Reyes neighborhood, comprises 146 units with high-quality amenities, including a swimming pool, gym, coworking area, concierge, events kitchen and underground parking.
The Alicante property, located in Benissaudet, comprises 284 units with two phases of renovation planned, which is expected to be completed by Q4 2025. Harrison Street and DeA Capital will manage the properties under the Lavidda brand.
Source: propertyeu.info on the 21st of September 2023