Tikehau Capital, Almond Real Estate and Elix have teamed up to invest in residential assets in Spain’s capital.

The real estate investors have created an investment strategy to buy and refurbish residential units in urban areas in Madrid.

The refurb-to-rent investment strategy will buy vacant assets on a one-by-one basis with the aim of building a substantial portfolio, the companies said.

Tikehau Capital is acting as a significant shareholder in the newly created venture.

Carmen Alonso, the head of Iberia and UK at Tikehau Capital, said: “We are proud to be able to enhance housing accessibility in Madrid through the launch of this strategy, particularly in the challenging context of rising inflation and financing costs.

“This investment demonstrates our ongoing dedication to expanding Tikehau Capital’s real estate strategy through diverse asset classes and investment strategies in Iberia.”

Alejandro Ramos, co-founder and Co-CEO at Almond Real Estate, said: “This project marks another step towards in the consolidation of this granular market, a niche that we aim to lead, and that is positioned to be one of the most promising in the real estate sector.

”This granular sector will undoubtedly play a key role in increasing the supply of housing in city centres and providing high-quality housing that focuses on both design and energy efficiency.”

To read the latest edition of the latest IPE Real Assets magazine click here. 

Topics