AXA IM Alts to develop 540-unit affordable housing scheme in Madrid

AXA IM Alts has been granted planning approval to deliver a 44,000-square-meter (474,000-square-foot) affordable housing development in the Tetuán district of Madrid.

On completion, expected in fourth quarter 2024, the development will comprise 540 high-quality apartments across two 24-story properties, alongside an array of amenities including landscaped gardens, a swimming pool and shared community facilities. In line with AXA IM Alts’ responsible investment approach, the project is targeting high sustainability standards and certifications.

Located in the heart of Madrid, just a 10-minute walk from the Tetuán metro station in the city’s Central Business District, the scheme will benefit from strong citywide transport links via nearby stations providing access to two lines of Madrid’s metro system, as well as three bus routes serviced via a station directly adjacent to the site. The Tetuán district of Madrid has undergone a significant transformation over t