Primevest Capital Partners took over the first residential build-to-rent (BtR) project in Seville, Spain, on behalf of a German pension fund.
The property, measuring 13,000 square meters (139,931 square feet), consists of three buildings with 125 residential units and has been developed in the style of a resort. The buildings will provide a new supply to the rental market in Seville.
There are also two commercial units and a parking garage with 196 parking spaces on two levels. All apartments have a storeroom, balcony or terrace, fitted kitchen and built-in cupboards in all bedrooms. Amenities include two swimming pools, six paddle-tennis courts, football field, basketball courts, children’s playground, jogging trail of more than one kilometer (0.6 of a mile), social club with catering services, large gardens and promenades.
“This first Build-to-Rent project consolidates our investor’s investment strategy in Spain, which is based on acquiring properties in
