AEDAS Homes delivers a 184-unit rental development to Brisa in Alcalá de Henares, Madrid

AEDAS Homes delivers a 184-unit rental development to Brisa in Alcalá de Henares, Madrid

• The project, located in the new Las Sedas district, features one- and two-bedroom apartments with amenities such as a pool, paddle tennis court, gym, children's play area, and community room.
• David Martínez, CEO of AEDAS Homes: “We are pleased to contribute, along with our partner Azora, to the creation of a new residential development for the rental market.”
• José Alonso, partner at Azora: “This strategic agreement with AEDAS Homes allows Brisa to fulfill its goal of developing a portfolio of rental assets that stands out in the market for its quality, modernity and sustainability.”

September 2024. AEDAS Homes, a leading Spanish homebuilder, continues to fulfill the agreements signed with institutional investors for Build to Rent (BTR) projects, delivering a new BTR development to Brisa, the Azora Group’s new platform focused on rental housing.

This new Brisa development, located in Alcalá de Henares (Madrid), comprises 184 units already on the market. The first tenants are expected to move in this September.

Strategic and innovative location

The residential development is located in the newly developed Las Sedas district in Alcalá, a sought-after area that is well-connected with Madrid city center and the airport and enjoys solid demand from buyers and renters. Its attractive, modern urban concept in harmony with nature features green spaces, urban walking trails, and community focal points centered on a large plaza.

The project, developed by AEDAS Homes for Brisa, offers one- and two-bedroom apartments, all of which come with large terraces, parking, and storage. The complex also provides top-tier rental residential services, making it an attractive rental option in Alcalá de Henares. The project was built utilizing Modern Methods of Construction (MMC)—both the façade and structure were built using industrialized techniques—which shortened construction times and reduced environmental impact.

“Once again, AEDAS Homes has delivered on its commitment. We are pleased to contribute, along with our partner Azora, to the creation of a new residential development aimed at meeting the rental market demand,” explained David Martínez, CEO of AEDAS Homes, as he highlighted the company's expertise in identifying investment opportunities for institutional partners and developing these rental-focused projects to meet growing demand.

José Alonso, partner at Azora, emphasized the value of choosing to work with AEDAS Homes to launch Brisa's first BTR development, explaining: “This strategic agreement with AEDAS Homes allows us to fulfill our goal of building a portfolio of rental assets that stand out for their quality, modernity and sustainability.”

AEDAS Homes: Spain’s leading industrial partner

With this BTR delivery, AEDAS Homes continues to facilitate access to rental housing and professionalize this market. To date, the company has completed and delivered 11 turnkey projects, comprising nearly 1,400 homes for five institutional clients, valued at approximately €250 million, and in the process, solidifying its position as Spain’s leading BTR developer. Additionally, AEDAS Homes has two other residential projects with over 300 units under construction (in Alcalá de Henares and San Juan de Alicante), also for Brisa, slated for delivery in 2025.

Mr. Martínez also emphasized that AEDAS Homes has “established itself as a leading industrial partner in the Spanish BTR sector,” with numerous turnkey projects currently in the design phase for sale to institutional rental operators. “We are talking about an optimal land bank for investors, ready to develop more than 1,200 units in Spain’s most dynamic markets,” Mr. Martinez concluded.

Brisa: Rental homes starting at €855 per month

The new Brisa rental development in Alcalá de Henares, developed by AEDAS Homes, is already available on brisahomes.com, where all information can be found. The company offers properties with rents starting at €855 per month, including parking and a storage space, equipped kitchens and bathrooms, porcelain tile floors with underfloor heating and cooling, electronic locks, concierge service, and much more. The residential complex also boasts extensive common areas, including a pool, gym, paddle tennis court, large garden with solarium, children's play area, calisthenics, coworking/community space, pet spa, and citibox.