Almagro to Urbanitae: The future giants in Spain's real estate sector

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

The real estate sector continues to grow after the crisis, as evidenced by the emergence of new companies with ambitious objectives in the different segments that comprise it.

Some experts warn that the expansionary cycle of the economy is reaching its peak and that in the coming years a correction will be seen again. However, at the moment the real estate sector is in good health. It is shown by companies that so far this year have decided to make the leap to the market with ambitious growth plans in the coming years.

From real estate crowdfunding to coworking, through the rental market or the creation of new hostels, the real estate sector continues to be paid land for the creation of new projects or exploring new segments.

Urbanitae wants to take over the crowdfunding market

After two years of waiting to get the approval of the National Securities Market Commission (CNMV) and the Bank of Spain, the proptech led by Diego Bestard set off in June and he has already announced the closing of his first operation financed with the contributions of small investors.

Regardless, the objective of the company is to lead this segment and attract up to twenty million investment to work "on really big projects" that attract family offices and small investment funds.

Sheltair enters the coworking market with force

From renting meeting rooms and offices for hours to plan to open flexible offices in Barcelona, ​​Madrid, Berlin, Paris or Amsterdam. Sheltair has entered the coworking market by stomping and plans to have up to 25 centers in both Madrid and Barcelona, ​​and between four and ten more locations in Europe.

To achieve this, Sheltair studies the possibility of reaching agreements with owners to finance the remodeling of the space and, in return, the company would manage the offices and promises to increase its profitability by 25%.

22HQ, for ten buildings in 22 @

The company has entered the market for flexible spaces in Barcelona with an investment of fifty million euros over the next five years to acquire and transform assets to devote to this market.

The first movements of the company have been the purchase of an old factory at number 23 of Roc Boronat street with 1,000 square meters and another building at number 86 of Pere IV with an area of ​​3,000 square meters in addition to a terrace of 360 square meter. In both cases, delivery is scheduled for 2021.

Wojo also bets on Barcelona

The Catalan capital is one of the healthiest office markets, to the point that assets are being pre-leased that do not even have building permits. In this sense Wojo will also land in Barcelona with a space of more than 8,000 square meters dedicated to coworking. The property is located at number 65 on Sancho de Ávila street and is still under construction.

The Central House, fifteen hostels in five years

A new player has appeared in the segment of hostels in Spain and wants to take an important piece of the market. The Central House will open its first establishment in the first half of 2020 and expects to reach fifteen before five years.

This first hostel of the brand, located in a new building, will have 53 rooms, a capacity of 300 people and will occupy a space of more than 3,000 square meters.

To continue with its expansion plan, the firm seeks assets of between 2,500 and 3,800 square meters in the center of all the tourist cities of Spain and Portugal. In this sense, those responsible for the company explain that they are looking for both lease and purchase assets.

BeCorp, 600 million in homes for rent

The Scranton and Corp Promotors joint venture has entered the housing development strongly and plans to invest 600 million euros in the construction of 2,500 apartments for rent in Barcelona and its metropolitan area until 2022.

The objective is to reach 5,000 homes for rent in the medium term. These properties will have common leisure areas, gym, coworking spaces and online purchase reception. The intention of the company is that the rental price suits the prices of each zone.

Valeo, a new player in student residences

The American company has landed in Spain with an ambitious plan that plans to invest between 300 million and 400 million euros over the next two years to raise up to 20,000 places in student residences.

Its first project will be in Granada, although he has already announced the will to enter other university cities in Spain and Portugal such as Madrid, Barcelona, ​​Lisbon, Valencia or Bilbao.

Almagro, investment appetite without limits

The socimi managed by Orfila Managment and specialized in the residential of the elderly made the leap to the Alternative Stock Market (MAB) in January 2019 and has become one of the most active parquet companies, with six operations that have added an investment of 4.6 million euros.

In addition, Almagro plans to invest up to 25 million euros in the remainder of the year and reach one hundred assets managed. So far, the socimi has an asset portfolio with 28 properties, all of them in Madrid.

To achieve its objectives, the firm is in the process of capital increase worth 15 million euros, although it does not rule out launching a second phase that would allow it to have committed between 50 and 60 million euros by the end of this year.

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

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