Magno Living, the company created by the De Agostini family -through its real estate manager, DeA Capital- and the North American investment fund Harrison Street, has made its debut in the build-to-rent market. In just one quarter, the vehicle has launched two residential rental projects to build a total of 1,000 homes with a global investment of 270 million euros. And Magno Living is clear about the future: it plans to invest another 1.2 billion euros over the next five years to continue increasing its BTR portfolio.
The two promotions that the firm has already started are located in Sevilla and Valencia. The first project comprises two housing complexes in the towns of Camas and Entrenúcleos, in the city of Sevilla, with a total of 440 units. The second is located in the Valencian town of Quart de Poblet, where Magno Living is going to construct another 600 flats.
Read the full article in Spanish.