Catella Asset Management Iberia and the Entreriver family office have formed a joint venture with the aim of investing up to €100 million in residential assets in Spain over the next three years. The strategy will focus on major cities such as Madrid, Barcelona, Valencia, Alicante, Bilbao, San Sebastián, Málaga and Seville.
The agreement combines Catella's experience in managing residential and student accommodation investments in Europe with Entreriver's track record in property development, where it has developed residential, tertiary and hotel projects worth more than €310 million in the domestic market.
The alliance's first project is located in Fuenlabrada (Madrid), where land has already been acquired to build 434 flex living units. The operation, which has a building permit, represents an investment of more than €50 million.
The joint venture adopts a club deal model, open to private investors who share its strategic approach. In addition to flex living projects, the structure contemplates investments in student residences, affordable housing and senior living.
With this first operation underway, both companies are working to identify new opportunities to deploy the committed capital and consolidate their presence in the Spanish Living market.
