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New Investors Enter the Build to Rent Market in Spain

The build to rent segment has grown in recent years and new players have been entering the market. In the first quarter of the year, investment in the sector amounted to €400 million.

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In the last year, several new players have joined the rental market through ‘build to rent’ projects. The segment saw investment of more than €2 billion during 2019, and of €400 million during the first three months of this year, despite the coronavirus crisis impacting the end of the quarter.

In terms of the new investors specialising in this type of asset, players include BeCorp Scranton – an investment vehicle owned by the Grifols family -, Locare y Tectum, the real estate subsidiary of AXA, Ares, M&G, Catella, the property developer ASG Homes, and the German groups Hines and Patrizia .

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