Real estate investment firms Stoneweg Spain and BGO have agreed to launch a strategic joint venture aimed at developing a market-leading living platform in Spain, capitalizing on the strong demand for residential solutions and the shortage of new projects.
With a planned total investment of €500 million ($577 million) during the next years, Stoneweg and BGO aim to drive the professionalization and institutionalization of the living model in Spain, promoting projects tailored to the growing need for modern, flexible and sustainable living solutions in prime locations.
Fueled by evolving residential and work patterns, these projects are designed to meet the demands from young professionals seeking modern, well-located accommodation with integrated services, as well as from companies and institutions requiring temporary housing solutions for key personnel. Stoneweg and BGO aim to play a leading role in developing this new generation of projects and accommodations.
