Líbere Hospitality Group has signed an agreement to operate its first co-living asset in Madrid, as part of a development carried out through a joint venture majority-owned by Santander Alternative Investments and Neinor Homes. The operation represents a new step in the diversification of the operator's model towards urban residential formats geared towards medium and long stays.
The asset will be located in the Las Mercedes neighbourhood, near the A-2 motorway, about ten minutes from Adolfo Suárez Madrid-Barajas Airport and approximately fifteen minutes from the city centre. The location is in an area with excellent transport links and close to one of the capital's main business and logistics hubs.
The project will have a total of 165 units, including studios, one-bedroom and two-bedroom apartments, and will be part of a larger-scale residential development with an approximate investment of €60 million. The building will be geared towards the co-living segment and will become the first asset of its kind operated by Líbere Hospitality Group.
The development will be structured through a joint venture owned 90% by Santander Alternative Investments and 10% by Neinor Homes, which will also act as delivery partner manager, overseeing the design, obtaining licences and executing the project. The asset is expected to be delivered in 2028.
With this operation, Líbere Hospitality Group reaches 404 units in its portfolio in Madrid and now operates a total of six buildings in the capital, in line with its growth strategy in the Spanish market.
