Dutch finance provider NIBC has participated in a loan facility to support Greystar International with the acquisition of three newly completed co-living assets in Greater Madrid.
The loan facility was arranged & underwritten by and under the agency of Aareal Bank.
The assets, comprising 2,504 units, are operated through Greystar’s group company BeCasa. All assets have achieved BREEAM “Very Good” certificates.
The residences cater to both long and short stays, featuring all-inclusive rents and amenities like a 24h concierge, gym, padel court, workspaces, swimming pool, and cinema rooms.
The properties are located in submarkets with high rental demand in the vicinity of Madrid, including Rivas Vaciamadrid, Valdebebas and San Sebastián de los Reyes.
Last year NIBC announced the broadening of its finance offering in the residential real estate sector across a number of major cities in Europe.
The move into Spain follows the expansion of its Dutch commercial real estate financing activities into the UK, with a specific focus on the residential real estate sector.
