Aedas Homes and the Sociedad Anónima Inmobiliaria Vascongada, owned by Lazora, reached an agreement for the development and purchase of two turnkey projects for rent (Build to Rent) with 288 units. The investment amounts to more than 43 million euros.
These two projects are located in Madrid and in Alcalá de Henares. Specifically, they feature 160 and 128 houses, respectively. The developer plans to deliver both developments during the first half of 2023.
«We hope that this first agreement with this company in which Lazora, Spain’s leading private sector investor in residential rental investment, will be the beginning of a relationship that involves more BtR projects », says David Martínez, CEO of Aedas Homes.
«This new partnership reinforces our leadership in the turnkey sector and confirms our management capacity as well as promoter of third-party rental projects», adds Martinez, who recalls that this month the company will deliver to ARES Management its first BtR project in Torrejón de Ardoz, composed of 103 units.