Conren Tramway and ECE Work & Live have formed CT ECE Living, an investment vehicle that plans to allocate up to €400 million to Build to Sell residential projects in Spain. The strategy will focus on promoting housing for sale in the country's main metropolitan areas, including Madrid, Barcelona, Valencia, the Costa del Sol and Palma de Mallorca, with a special focus on the mid-range and affordable segments.
The new vehicle's first development will be a 80-home development located in the centre of El Prat del Llobregat. Construction is scheduled to begin in late 2026. The project will be located in a consolidated urban area, close to educational facilities and commercial hubs, and a five-minute walk from a metro station with direct connections to Barcelona.
According to information provided by the companies, this development will have BREEAM Very Good certification and will serve as a benchmark for the criteria to be applied to all CT ECE Living developments, which will incorporate energy efficiency measures and the use of sustainable materials.
Toni Candini, director of Living investments at Conren Tramway, said that the group plans to invest up to €400 million in the residential sector and that its focus will be on the mid-range and affordable segments. In this context, he indicated that Conren Tramway currently has more than €1 billion in committed capital and a portfolio of 1,800 homes in projects in Barcelona and Madrid.
Jaime Hugas, co-CEO of Conren Tramway, pointed out that the new vehicle was created with the aim of helping to reduce the imbalance between supply and demand for housing, both for sale and for rent, in the main metropolitan areas, where most of the demand is concentrated.
Jan-Hendrik Walloch, managing director of investments at ECE Work & Live, highlighted the strategic interest of the Spanish residential market within the European context and the strengthening of the company's presence in southern Europe through this alliance. Along the same lines, Henrie W. Kötter, CEO of ECE Work & Live, stressed that the project is in line with the group's strategy of developing residential assets in metropolitan areas with economic and demographic growth and sustained demand for housing.
