Coliving fever: BNP Paribas comes to Spain to find shared housing

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

BNP Paribas Real Estate has just launched its proptech Colivme, specialized in the search for coliving spaces

BNP Paribas proves luck in one of the most trending businesses in real estate. The real estate subsidiary of BNP Paribas, BNP Paribas Real Estate, has just launched its Colivme brand, specialized in the search for coliving spaces. The company, as you have been able to know idealist / news, has already launched its proptech in Spain by adding to its offer its first shared homes in the Spanish market, located in Madrid and in Javea, Alicante.

The company began its journey in the French and Belgian market, where it already has about a dozen such homes. Colivme was launched within BNP Paribas, with Lionel Bodénès and Alexandre Marcadier, employees of the consultancy.

The project, a European place marketplace specialized in coliving, was one of the participants in the 2018 call for projects of the BNP Paribas incubator, BivwAk. Through this platform, endorsed and managed by the French group, people access more than 1,500 beds, for now in markets such as France, Belgium and Spain.

At present, the Spanish offer consists of two dos coliving spaces, one located in Madrid and another in Javea, Alicante. The first one operates under the Urban Campus brand and is located in the heart of the Chamberí neighborhood. This shared house has an average price of 850 euros per month and has private rooms and more than 300 m2 of common spaces, since that is the essence of this type of housing.

As for Javea, in Alicante, this coliving space operates under the Sun and Co brand and is located in a 19th-century house with four floors. With a price starting at 600 euros, this shared house has 200 m2 of shared spaces and services as integral cleaning of the residence.

Alternative assets, a good investment

Coliving, housing and residences for the elderly and data centers are, together with logistics, the four assets with the greatest projection in 2019, according to the latest report on Real Estate Market Trends in Europe 2019, prepared by PwC and Urban Land Institute.

In first position are shared housing assets, which obtain gold in both development and investment. Coliving, the document explains, offers the possibility of increasing the density of residential assets and maximizing occupancy. However, the consultant calls to be prudent because only 6% of respondents are active in this segment.

The second segment with the best investment prospects is the data centers, a still minority asset and which, in the development ranking, is still in the fifth position.

Logistic assets and homes and residences for seniors occupy third and fourth place. These are two segments immersed in a great transformation. On the one hand, traditional logistics is evolving due to the push of ecommerce, which not only requires more automated and technological plants but also assets in the center of cities that allow consumers to serve quickly directly.

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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