Harrison Street and DeA Capital S.p.A. have acquired 430 build-to-rent (BTR) units across two new assets in Madrid and Alicante, Spain.
The acquisition helps address the increasing need for affordable residential assets for rent across Spain. The property in Madrid, located in the desirable San Sebastián de los Reyes neighborhood, comprises 146 units with high-quality amenities, including a swimming pool, gym, co-working area, concierge, events kitchen and underground parking. The Alicante property, located in Benissaudet, comprises 284 units with two phases of renovation planned, which is expected to be completed by Q4 2025.
Paul Bashir, CEO of Harrison Street’s European business, said, “We’re thrilled to expand our partnership with DeA Capital to bring these two new assets to Madrid and Alicante. As the demand for modern, amenitized and affordable housing continues to grow in Spain, we have worked with DeA Capital to expand our presence and identify attractiv
