AligrupInvestment vehicle of Juan and Pedro Alcaraz, founders of ‘low-cost’ car rental company Goldcar, Closed the sale of land in Alicante to Biscayan developer KategoraAs confirmed to El Periódico de España by Íñigo Basurto, director of investment and strategy of the buying company, of Prensa Ibérica y Activos group, the economic support of Prensa Ibérica.
Land is one of them final bends and “most unique” what remains unbuilt in Doctor Gadea streetAccording to the spokesman of the Basque developer, it is one of the most “bourgeois” streets in the city of the Valencian Community. The 630-square-meter property is located just a few blocks from the Luz de las Estrellas promenade, the promenade of the state capital. Aligrupo planned to promote housing on this land, but the project was not realized due to urban planning.
Now, Categora’s intention is this: promoting a flexible apartment complex The fully equipped hotel will be operated by the group’s hotel brand, Kora Living. The new building will be designed by Herreros architecture studio. Additionally, the Basque company’s aim is for the property to produce no emissions and receive the Breeam sustainability seal.
“We want this to be the most important boutique aparthotel in Alicante,” Kategora’s director of investment and strategy commented in a telephone interview. promotion It will be financed by a group of private investors A vehicle with an investment horizon of seven years is planned to be handed over to a real estate investor at the end of this period.
With this new project, Category adds: Assets under management worth €300 million in properties focused on short- and medium-term rentals that it operates through its hotel subsidiary. In an interview with this newspaper, Íñigo Basurto pointed out that the developer manages two urban apartment complexes in Budapest, a residential unit in Vitoria and another, a holiday home in Tenerife. They are also developing a 140-unit residential project in Pamplona, a 350-unit residence in Valencia, two holiday complexes in Tenerife and an apartment project in Andorra.
Development of flexible housing complexes in Spain
In recent years, Investment in flexible accommodation, co-living, apartments and other types increased in SpainFar from being one of the most alternative assets on the market, it is yet another one of those considered ‘living’ or residential. While there were only about 1,000 places in such complexes in 2021, forecasts show that this number will increase more than fivefold by 2024.
According to consultancy firm CBRE, 25 sales and purchases of flexible living complexes were recorded in 2022, 90% of which were in Madrid and Barcelona. Total volume of 666 million euros. According to another report submitted by the Urban Campus manager, residents of this type of complex reside for an average of 11 months. The most common profile is composed of equal parts national and international workers. Average age is 35 and no children.