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Aberdeen Buys a Portfolio of Rental Homes in Madrid from Gestilar

The building is going to be located in the urban centre of Pozuelo and the construction permit is expected to be obtained early this year.

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Infographic of the development purchased by Aberdeen from Gestilar in Pozuelo.

Aberdeen Standard Investments (ASI) has closed the purchase of a residential project in Madrid from Gestilar for a value close to 15 million euros.

The residential project is located in Pozuelo de Alarcón, 10 kilometres to the west of the Spanish capital, in the municipality with the highest income per capita in the country. This is not the first time that ASI has carried out a transaction of this type: in fact, in August, it made its debut in the build to rent market in Madrid with the purchase of a turnkey residential project in the Mahou Calderón area, one of the city’s star developments at the moment. That project is located on the former grounds of Atlético de Madrid’s football stadium and the Mahou brewery, next to Madrid Río.

Read the full article in Spanish.

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