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Tectum Will Invest €240 Million in Rental Housing in Madrid Over the Next Two Years

This is the first development in a series of construction projects by Tectum to build a portfolio of 1,500 new homes in the Community of Madrid.

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Tectum’s development in Rivas-Vaciamadrid

Tectum has started work on the construction of an affordable rental housing development in the municipality of Rivas-Vaciamadrid, located 15 kilometres from Madrid.

The development, which will be executed by Locare, consists of 90 homes and will be the first in a series that will make up a portfolio of more than 1,500 new affordable rental homes that Tectum plans to develop between 2020 and 2022.

Read the full article in Spanish.


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