The rental market in Spain continues to raise great interest among investors. In October, a new major player came on the property rental market in Spain. The company DWS, which is partly managed by Deutsche Bank, and the company Urban Input joined their forces to create a common platform offering apartments for long-term rentals.
This alliance has already acquired the land plots, located in the Ensanche de Vallecas, district of Madrid, and in the city limits of Barcelona through two of its funds. New residential complexes with all the necessary infrastructure will be built here: children’s and sports grounds, swimming pools, gyms, recreation areas and barbecue areas. Their total capacity will be 320 apartments with two or three bedrooms, and the investment amount is about 320 million euros.
Similar projects are successfully implemented in Germany, Ireland, the Netherlands and Finland, and there are plans to launch them in England, Italy, France and Denmark in the near future.
At the moment, the total assets of DWS in Spain are estimated at about 2 billion euros, and this company has already had time to prove itself on the local real estate market through the construction of retail and office center as well as large industrial buildings.
