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Pryconsa Launches its ‘Build to Rent’ Subsidiary with 358 Homes

The Pryconsa group's project by Resydenza in Torrejón de Ardoz will comprise 102 rental homes. The building work has just started and is expected to be completed in early 2022.

Residencial La Rambla en Coslada de Pryconsa 1
Pryconsa’s La Rambla residence in Coslada (Madrid).

The property developer Pryconsa has decided to throw itself into the ‘build to rent’ business with the creation of its own rental apartment subsidiary. For its launch, the company has chosen four projects: specifically, one located in Torrejón de Ardoz (Madrid), two in Málaga and a fourth in Valencia.

In total, the group will invest more than €50 million in the development of this new division, which will be called Resydenza.

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