The pulse of the property market in Madrid continues to beat strongly, and the developer Dazia Capital has just made one of its most significant moves. The company has closed the acquisition of two plots of developable land next to the Ermita del Santo shopping centre, in the Latina district, for a sum of 50 million.
The seller of these strategically located plots of land was Sociedad Ermita del Santo, controlled by the Venezuelan Cohen family, which is itself immersed in the redevelopment of its own shopping centre. This transaction is a clear indicator of the dynamism and transformation that the entire area of influence is experiencing. New Mahou-Calderón.
Regarding these plots, which together have a buildable area of 25,000 square metres, Dazia Capital plans to develop an ambitious residential project of approximately 250 homes. One of the keys to this development will be its mixed nature, as it will combine a component of build-to-rent (BTR), for rent, with another of built-to-sell (BTS) for direct sale.
This hybrid strategy, which seeks to respond to diverse market demands, reflects a deep understanding of current residential needs. At a time when Flexible Accommodation and professionalised rental solutions gain ground, the ability to offer a diversified product is fundamental.
The purchase of finished land allows Dazia Capital to accelerate deadlines and launch construction more efficiently, contributing to the creation of new housing stock in one of the capital's areas with the greatest potential for appreciation. It is a clear signal that capital continues to strongly back the development of quality residential projects in Madrid's strategic enclaves.
