Msi, a company specializing in real estate asset management, and ColivINN, a company engaged in the management of colivings, have concluded a long-term cooperation agreement and the development of a residential coliving project in Madrid.
The construction site together with the old unused building is located on Atocha Street, its area will be about 8,000 square meters. It is already in the process of development and renovation.
ColivINN is responsible for the process of renovation and conversion of the building to a new use. The design and arrangement of the interior is also the responsibility of the company. In addition, ColivINN will introduce new technologies and equipment for the organization of coworking space.
Juan Antonio Gutierrez, CEO of Mazai, notes that their company is extremely pleased with the concluded contract and the potential for cooperation with ColivINN, which enjoys great authority in the field of creating residential colivings.
For Mazai, working in the leasing sector will increase the value of their portfolio of real estate assets, as well as improve their brand name by investing in a project important for the development of the city's infrastructure, its housing stock and economy.
Coliving in Spain
According to the report of the consulting company JLL "Coliving. Great opportunities for the development of the sector in Spain", Madrid and Barcelona are the cities with the greatest potential for the development of the koliving sector.
Urban Campus and DoveVivo companies became innovators in the field, which entered the Spanish real estate market with residential complexes offering such important amenities as the following:
- Coworking spaces and offices;
- Gyms;
- Movie theaters;
- Places to relax;
- Terraces;
- Restaurants;
- Bars and pubs.
According to a study by the real estate agency Cushman & Wakefield, the turnover of the European coliving sector in the next 10 years will amount to 550,000 million euros, in Spain it is gaining particular popularity among young people, many of whom consider it one of the best options for life. Due to this, Spain can become the European leader in this market.