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Realia Backs Rental Housing with Two New Projects in Madrid

The property developer owned by Carlos Slim has acquired two plots in Tres Cantos (Madrid) to build 195 build-to-rent homes.

viviendas nuevas de realia lloret de mar 1
One of Realia’s residential developments

The listed real estate company Realia, controlled by the Mexican businessman Carlos Slim, held its General Shareholders’ Meeting on Tuesday, where it approved the accounts for the financial year 2019, amongst other matters. Last year, the company obtained a net profit of €44.9 million, compared to €40.16 million a year earlier.

During the annual shareholders’ meeting, which was held remotely, the CEO of Realia, Gerardo Kuri Kaufmann, announced that the company has acquired two plots on which it will build 195 rental homes in the Madrilenian town of Tres Cantos. The new acquisitions are located next to another BTR development that the real estate company owns in the area, comprising 85 homes and whose commercialisation is proving “successful”.

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