The real estate market in Spain continues to evolve, and segments such as Flexible Accommodation are experiencing significant growth. In this context, Adapta Socios, a company specialising in real estate and healthcare investments, has announced an ambitious expansion plan for its Flexible Accommodation operations. The firm has secured 200 millionwhich represents more than 67% of the total planned investment of EUR 300 millionwith the aim of developing 3,000 units of flexible and tourist flats within a timeframe of four years.
This investment will be structured through three new financial vehiclesdesigned in collaboration with strategic partners. Adapta Partners' growth strategy is not only limited to the development of new projects on end land, but also includes the acquisition and refurbishment of existing assets, underlining a comprehensive and adaptable vision to market opportunities.
Adapta Partners' track record in this segment is remarkable. Previously, the company completed a successful investment cycle through a joint venture vehicle with Pangram Capital, developing five assets which amounted to approximately 70 units in Madrid. These assets were subsequently transferred to asset investors, consolidating the experience and soundness of their investment and management models.
Geographical expansion is a key pillar of the new roadmap. While Madrid retains its importance, with close to 200 pieces and others are about to start operations. 1,000 under studyAdapta Socios is expanding its presence in Malaga. In addition, the vision is clearly international, with the imminent entry in Mexico through two projects that are expected to be signed in the coming weeks to start operations in 2026. The company is also actively exploring opportunities in Portugal, the Netherlands and TurkeyThe aim is to extend its footprint to other European markets.
Adapta Socios' value proposition is based on comprehensive project lifecycle management. Samuel Gómez, president of the company, points out that they cover everything from the selection of opportunities, through design and development, to operational management and marketing. Within its ecosystem of companies, the flexible flats are operated through Kanso Colivingfounded in 2020. Complementary, Bravus Iberian Partners is responsible for the integral development of real estate promotions and projects.
Asset selection is governed by a rigorous process. Each investment is analysed from three perspectives: operating performance, potential demand and returns. The stringency of its criteria is such that, for every 100 projects The final approval is given to only one of them, which guarantees the viability and potential of each investment.
Kanso Coliving, the in-house operator of Adapta Partners, consolidates its portfolio by currently managing 14 properties and more than 350 rooms in Madrid, Malaga and, soon, in Valencia. Carlos Rodríguez, CEO of Kanso Coliving, underlines the importance of the creation of "community" as a differential element, serving as a meeting point for people with similar interests.
Kanso Coliving's tenant profile is diverse, including students, young professionals, displaced executives and other individuals requiring temporary accommodation solutions. The multicultural richness is remarkable, having housed clients from as far as 75 different nationalities.
The consolidation of the Flexible Accommodation model in Spain is reflected in the high occupancy rates of the properties operated by Kanso Coliving, with bookings confirmed even weeks before opening. In terms of profitability for the property, the average is between a 4,5% and a 6,5%depending on the location and size of the asset.
In financial terms, Kanso Coliving recorded a turnover in excess of 1.3 million in 2024 and plans to exceed 37 million in four years, once 3,000 units under management have been reached. The company's ambition is to position itself as a benchmark operator in Flexible Accommodation, managing both Adapta Socios' new assets and those of third party owners interested in delegating the operation of their properties.
This strategy of Adapta Partners not only demonstrates a strong conviction in the potential of Flexible Accommodation, but also underlines the maturity and attractive profitability that this segment offers investors in a real estate market that is constantly adapting to new residential needs.
