Savills Investment Management adds more than 260 homes in Madrid
Savills Investment Management has added more than 260 build-to-rent (BTR) and build-to-sell (BTS) units in a prime area of Madrid to its portfolio of assets under management.
Currently comprising three commercial properties, the portfolio will be converted into high-standard residential units. The complex has already received planning permission for the change of use.
Located in a prime and consolidated residential area of Madrid, the assets were recently acquired by an international institutional investor, which has mandated Savills IM to manage the portfolio.
The more than 260 units are expected to boast BREEAM Very Good and WELL Silver certifications, as well as a class A Energy Performance Certificate, the most demanding in the local market. The development will also include amenities including swimming pools, a gym and entertainment areas.
“The imbalance between supply and demand for quality housing in Madrid presents attractive opportunities throu