Argis, a management company focused on the development of flexible residential solutions, plans to expand its flex living portfolio to 5,000 units within three years. According to El Economista, the company will deliver 1,500 flats under this model this year, in a context marked by the transformation of urban living habits and a growing demand for temporary stays.
The growth strategy is based on an active pipeline of projects and land, as well as the conversion of existing properties. In 2024, Argis acquired four office buildings with the aim of converting them into flex living properties, three of them for rental and one for sale. In addition, it is finalising land operations with an estimated investment of 150 million euros, mainly focused on expanding its presence in the flex segment.
These investments are part of the company's second fund, endowed with 250 million euros of capital and with a global investment capacity that could reach 700 million euros. The fund's investment base is mainly made up of institutional capital of US, European and Israeli origin, complemented by family investments from Latin America and Spain, according to the economic media.
Argis maintains a business model focused on active asset management through its operator Flipco, with the intention of continuing to operate the properties after their eventual sale. The company does not pursue an asset management strategy, but seeks to consolidate portfolios for subsequent rotation, while remaining as a property manager.
The flex living concept promoted by Argis is aimed at a public with temporary housing needs, for stays of between two and nine months. It is a model based on buildings operated under aparthotel-like schemes, aimed at profiles such as postgraduate students, displaced professionals, families in transition or people undergoing medical treatment.
According to El Economista, the company's strategy is based on an operating model aimed at covering housing profiles with specific needs and temporary stays, moving away from conventional residential formulas.