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Pryconsa Closes its First Build-to-Rent Operation With a DWS Fund

Pryconsa has closed an agreement with a fund managed by DWS's real estate division, through which it is going to promote a project comprising 180 rental homes in Vallecas (Madrid).

Obreros de Pryconsa en una obra en construccion 1024x684 1

Pryconsa has closed its first build to rent operation, a business it decided to enter just a few months ago, with the launch of a new company called Cogein.

Specifically, the property developer owned by the Colomer family – which also owns the Socimi Saint Croix – has signed an agreement with a fund managed by DWS’s real estate division, through which it is going to promote and deliver a new residential development in Vallecas. The development will consist of 180 2-bedroom homes, along with premises, garages, storage rooms, and common areas.

Read the full article in Spanish.

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