Transaction / Assetstwo buildings in Madrid Sellerna BuyerWhiteni RCajal € MM
Whiteni RCajal Acquires Two Buildings in Madrid for its Co-Living Business
24 October 2019 – The socimi Whiteni RCajal, which is listed on Paris-based stock exchange Euronext, announced that it had acquired two buildings in Madrid. The firm intends to redevelop the properties for use in its co-living business.
Construction is set to begin in the middle of next year and finish by 2022. The building, located on Calle de Fomento and Calle del Rio, have a total surface area of 2,000 m2. Whiteni RCajal will build and operate fifty flats and studios, in addition to 330 m2 of common areas, with meeting rooms, study and leisure areas.
Original Story: Idealista
Adaptation/Translation: Richard D. K. Turner