Dazia Capital, in alliance with Aermont Capital, expands its presence in Madrid with the purchase of land in Las Tablas for the construction of a building with 256 flats, thus increasing its Flexible Living portfolio in the north of the municipality. With an investment of €32.4 million, this transaction is part of the plan that both companies expect to develop over the next three years, with a total investment of €350 million.
This property adds to the existing portfolio with projects under development in Alcobendas, Valdebebas and Tres Cantos. The flats will be aimed at a diverse public, from corporate clients to postgraduate students, offering services and amenities such as gymnasium, coworking, green areas, rooftop and swimming pool.
Specifically, the site is located at number 1 Castiello de Jaca Street. With a buildable area of 9,400 square metres above ground level and 5,700 square metres below ground level, the planned building will consist of seven floors for the flats and another two for the garage with 150 parking spaces. It will also have Breeam 'excellent' certification.
The Las Tablas project will start construction early next year, with an expected delivery date of the last quarter of 2025. The portfolio of flats will be operated by a Dazia Capital group company.
Daniel Mazin, CEO of Dazia Capital, said: "Operational know-how gives us market intelligence and helps us to design the spaces in an efficient way. The creation of an in-house operator ensures that the customer experience is the best and allows us to control operating expenses, directly impacting the value of the assets.