Financing of a portfolio of three BTR assets in Madrid

Aareal Bank closed a € 175 million financing agreement with Greystar, a global leader in the investment, development, and management of high-quality rental housing, under Aareal Bank’s Green Finance Framework for a portfolio of three build-to-rent properties (BTR) in Madrid.

The assets, comprising 2,504 professionally managed, flexible units, are operated through BeCasa, a Greystar group company. The three residential properties are located in fast-growing submarkets with high rental demand in the vicinity of the Spanish capital: Rivas Vaciamadrid, Valdebebas and San Sebastián de los Reyes are known as lively and well-connected areas, only 20 minutes from the city centre.

Residential Property

Agent, Facility & Security Agent

EUR 175,000,000

Madrid, Spain

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“We are pleased to accompany the business development of Greystar, who has an impressive track record with over 30 years of experience in the residential operational real estate business. Like many European metropolitan regions, Madrid is characterised by excess demand and a mismatch in the housing market. To support Greystar’s convincing residential offer in this attractive market is a promising opportunity for us."

Martin Vest

Managing Director Euro Hub at Aareal Bank

Your contact persons

Martin Vest

Managing Director Euro Hub

+33 144 5166 42
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Benjamin Richard

General Manager, France, BeLux, Spain

+33 144 5166 37
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