Global property consultancy Knight Frank has brought a €100 mln Spanish forward-funding opportunity to market, which comprises both build to rent (BTR) and flex living assets.
The portfolio consists of three sites in Malaga and Barcelona totalling 379 units.
The first asset is a BTR block in Malaga comprising 108 residences and spanning 8,526 m2. The unit mix comprises 18 one-bedroom, 62 two-bedroom and 28 three-bedroom apartments.
The second asset, a 143-unit flex living scheme, is also located in Malaga. The block extends across 7,762 m2 and consists of 52 studios, 39 one-bedroom, and 26 two-bedroom apartments.
The Barcelona asset, a 10,890 m2 BTR scheme, is located in the south-western part of the city. The 126 units at this site comprise a mix of 71 two-bedroom and 57 three-bedroom apartments.
Construction on all sites is expected to begin in Q3 2024.
Elaine Beachill, head of Spain Living Sectors at Knight Frank said: 'This portfolio offers the opportunity to acquire both build to rent and flex living assets in strategic locations in two key Spanish cities, which are being delivered by a highly experienced, institutional development team. Given the strong fundamentals underpinning all three sites, we are seeing strong investor interest in this forward funding opportunity.'
