Locare will launch a “low cost” and 100% sustainable rental project

Locare will launch a “low cost” and 100% sustainable rental project

Locare, the real estate asset manager, is moving towards sustainable construction in the residential market. 

The footprint 0 project, which is still in a very incipient phase, would be the first fully sustainable promoted by the firm, which has already launched other 'green' projects together with the promoter Tectum, all of them located in the Community of Madrid .

The objective of sustainable construction is to reduce the CO2 emissions that the construction industry leaves in the environment, which amount to 38% of global emissions, according to data from the United Nations Environment Program ( UNEP) corresponding to 2020. How is the carbon footprint reduced? Making efficient use of energy, water or other natural resources or using sustainable materials.

One of Locare's latest sustainable projects is located in Móstoles (Community of Madrid). It is a promotion of 124 industrialized high-rise homes that the real estate manager has put on the market together with the developer Tectum. The houses are rented from 650 euros per month and are currently at 50% occupancy.

The industrialization of construction reduces the production of waste on site, cuts water consumption by up to 30% and raw materials and concrete by up to 50%, according to the firm's calculations. In addition, it also avoids noise pollution in 50% and 25% of CO2 emissions.

Locare and Tectum raised 240 million euros in a fund at the beginning of the year to buy land and build more than 1,000 homes in the Community of Madrid. The land acquired is located in Villaverde, in the Madrid capital and in Rivas Vaciamadrid. In this last location, the firm will build 90 homes.

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