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 to Invest €20M in Construction of 52 Homes in Madrid

3 April 2019 – Eje Prime

The residential joint venture between Dazia Capital and Eurazeo Patrimoine has acquired a plot of land at number 107-109 Calle Embajadores, in Madrid. The firm plans to invest €20 million in the development of a 5,500 m2 property on the site, which will contain 52 homes, a gym, a swimming pool and a parking lot.

Following this purchase, Dazeo now owns four assets in Madrid, plus a plot of land on the beachfront in Estepona (Málaga).

Dazia Capital will be responsible for the management of the project, under its property developer brand Darya Homes.

Original story: Eje Prime

Translation/Summary: Carmel Drake

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

Dazia Capital Creates a Property Developer JV with French Fund Eurazeo

25 May 2018 – Expansión

The real estate group Dazia Capital and the French private equity fund Eurazeo Patrimoine have joined forces to tackle the residential sector in Spain. This alliance is being manifested in the launch of the joint venture Dazeo.

With a time horizon of three years, Dazeo will have an investment fund from Eurzaeo amounting to €70 million to undertake acquisitions in Madrid, Barcelona, Valencia, the Costa del Sol and other urban nuclei in Spain. The joint venture, controlled by Eurazeo, will achieve a business volume of up to €250 million, according to the forecasts. The agreement has been advised by Montalbán, Cuatrecasas and Uría Menéndez.

Dazeo has been created with a portfolio comprising three buildings in Madrid on Calles Alcalá, Santa Engracia and Santa Isabel. The entity is going to begin a new build project soon in the capital’s Salamanca neighbourhood, which will comprise 23 luxury homes with gardens, a garage and a gym.

Dazia Capital will be responsible for managing the projects from the acquisition through to the development and subsequent sale of the homes with Dayra Homes, its promoter brand.

It is not the first time that Dazia has reached a such an agreement to grow and boost its business, focusing on the residential market in urban nuclei, where last year it accumulated an investment of €185 million.

In 2017, it signed an agreement with the British fund Chenavari. Over the last four years, it has acquired buildings and land with a surface area of 86,000 m2 and 500 homes in Madrid and Costa del Sol.

Daniel Mazín (pictured above) is the CEO of Dazia Capital.

Original story: Expansión (by Elisa Del Pozo)

Translation: Carmel Drake