The project, located on Calle Alcalá, consists of two adjoining connected buildings owned by Eneas Alternative Investments, with a total of 2,900 square meters of floor space.
Habyt expands its footprint in the Spanish coliving market. The German company and the Eneas Alternative Investments fund have formed an alliance to open the largest coliving in Spain, in Madrid’s Salamanca district, specifically on Calle Alcalá.
The project consists of two adjoining, connected buildings owned by Eneas, with a total surface area of 2,900 square meters. The coliving will open its doors in the third quarter of 2023 and will be managed entirely by Habyt. The building will offer residents access to different shared areas such as a gym, restaurant, coworking and a rooftop area. The investment figure has not been disclosed.
Habyt’s new coliving in Alcalá will consist of 128 rooms. Of the total, 23 will be located in the first building, which will occupy 650 square meters. The remaining 105 rooms will be located in the second building, which will occupy 2,250 square meters. As for the rental conditions, Habyt stresses that they will be flexible options and that medium and long-term stays will be offered.
Habyt Alcalá will consist of 128 rooms for medium and long stays
“We are very excited about the partnership with such a strategic player as Eneas; the strategy of focusing on the construction of buildings of this type is proving to be very effective,” said Guido Bianco, Chief Operating Officer of Habyt. For his part, Javier Fernández-Couto, CEO of Habyt Spain, states that “the combination of size and privileged location make this asset the most unique pure coliving building in the country; this transaction consolidates us as a leader in the market.”
Habyt was founded in 2017 in Berlin by Luca Bovone, a former Dropbox executive. The company’s current portfolio includes 8,000 units spread across twenty cities in ten different countries. In Europe, the offering is located in Germany, the Netherlands, Spain, Italy, Portugal, France and Switzerland. The company has recently expanded into the Asian market through a merger with Hmlet, the largest flexible housing company in Asia-Pacific. As a result of the transaction, Habyt now has a presence in Singapore, Hong Kong and Japan.
Habyt currently has a portfolio of 8,000 units in twenty cities in ten different countries
In February last year, the German company entered the Spanish market after closing the acquisition of Erasmo’s Room, a shared housing operator in Madrid with 270 units in the center of the capital. Erasmo’s Room was founded in 2013 by Lucas Sánchez and Alberto Bartulos and, at the time of the purchase by Habyt, had units in the neighborhoods of La Latina, Sol, Opera, Gran Vía and Fuencarral, among others. The investment was backed by a capital injection from Inveready. The Spanish asset manager invested €2 million in the company to finance the aforementioned acquisition and to support Habyt’s future investment in Europe.
