Dazia to Redevelop Warehouse into Apartment Building in Madrid

30 July 2019 – Richard D. K. Turner

Dazia Capital, owned by Daniel Mazin, the heir to Tryp Hotels, has finalised the acquisition of a former industrial warehouse on Calle Anastasio Herrero in Madrid. The building had been used as a lumberyard until its closing several years ago.  

The company plans to apply for a change of use for the property and redevelop it into a 32-flat housing development. The warehouse has about 3,000 square meters of surface area. Construction is expected to begin in 2021, through Dazia’s subsidiary Darya Homes.

The acquisition was made through Dazeo, a joint venture between Dazia and the French fund Eurazeo Patrimoine. Between the land and its subsequent redevelopment, the firm will invest a total of 8.5 million euros.

Original Story: El Confidencial – Elena Sanz

Dazeo Acquires a 5,000m2 Plot in Estepona to Build 20 Luxury Apartments for €15M

10 September 2018 – Eje Prime

Dazeo has closed its first operation following its creation. The joint venture between the Spanish real estate firm Dazia Capital and the French fund Eurazeo, has invested €15 million in the development of a 20-unit luxury apartment complex in Estepona.

The company has acquired a plot of land spanning 5,000 m2 on the coast of Málaga. The project, which will be undertaken by Arata Arquitectura, will house twenty apartments with terraces, a swimming pool, gardens, a spa and a gym.

Following this first purchase, Dazeo is planning to undertake further acquisitions in Madrid, Málaga and Valencia. The group is going to spend €70 million on residential projects in urban nuclei in its first phase. The joint venture, controlled by Eurazeo, will grow to reach €250 million, according to forecasts.

In addition to its venture with the French fund, Dazia Capital has signed other international alliances in recent years. In 2017, for example, it closed an agreement with the British fund Chenavari. Over the last four years, the Spanish real estate company, created in 2013 by Daniel Mazín, has acquired buildings and land with a surface area of 86,000 m2 and 500 homes located in Madrid and the Costa del Sol.

Original story: Eje Prime

Translation: Carmel Drake