Tikehau, Elix, and Almond Real Estate form residential strategy in Madrid

Tikehau Capital, a global manager of alternative assets, together with Almond and Elix, announce the creation of an investment strategy in high-quality "refurb-to-rent" housing within the M-30 in Madrid to address the need to supply housing for rent.

The new investment strategy will carry out granular acquisitions of empty homes in the urban center of Madrid in order to develop a significant portfolio. The homes will be fully renovated to offer a high level of quality, design and sustainability.

Almond Real Estate, a specialist in the residential niche since 2011, will have the support of Elix, an asset manager based in Spain with more than 20 years of experience in the residential sector and a solid background in the creation of real estate investment vehicles for institutional investors.

Tikehau Capital will be the main investor in this strategy, which represents the firm's third investment in the value-add segment in Iberia and also the third transaction in t