Dazia Capital and Eurazeo spent €33M on 3 assets in Madrid

Dazia Capital and Eurazeo spent €33M on 3 assets in Madrid

2 of these assets are newly built and the third one is in need of refurbishment; they are all located in Las Delicias in the centre of Madrid and have a total combined area of 6.000 sqm. All three assets are destined for the housing market.

This is one more investment from the Dazeo joint venture, which was created in 2018 by Spanish Dazia Capital and French Eurazeo. Since then, they have partnered on 5 different projects.

For Daniel Mazín, Dazia Capital’s CEO, «this operation shows the confidence investors have on the Spanish real estate market. At Dazia Capital, and in this case, at our joint venture Dazeo, we reinforced our commitment towards the market and will keep betting on developing dwellings which will revitalise city centres», he stated in an interview to Europa Press.

Dazeo should spend between 30 and 35 million euro in new acquisitions until the end of the year.

€100M for rental

Dazia Capital has 100 million euro to invest and strengthen its growth in the rental housing market in the coming months.

The Spanish company expects to place on the market 3 projects it is currently developing in Madrid, at the barrios of Malasaña, Chamberí and La Latina, for a total of 40 dwellings. Daniel Mazín told newspaper Expansión that these will be the «embryos of a rental housing program», which should also be extended towards the suburbs of the big urban centres.

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