Spanish residential developer Neinor Homes has sold a 146- unit (build-to-rent) asset to a joint venture consisting of Harrison Street and DeA Capital for an undisclosed price. Neinor will continue to manage the asset for one year through its subsidiary Renta Garantizada.
Fully completed in Q2 2023, Soto Rental Homes consists of two identical buildings with 30 lofts, 68 two-bedroom and 48 three-bedroom apartments, while amenities include a swimming pool and vertical gardens, a state-of-the art gym, dedicated playground areas and a gastrobar for tenants.
The asset is located in San Sebastian de los Reyes with metro connection, only 1o minute from the Barajas international airport and close to the Hospital Universitario Infanta Sofia, retail assets such as the Plaza Norte Shopping Centre or The Style Outlet, the business park of Arroyo de la Vega and the European University.
Source: Property EU on the 7th of July 2023