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Mazabi invests €40M in co-living in Madrid
07 November 2019 | Vanessa Sousa

Asset management company Mazabi will invest 40 million euro to transform an asset located in Madrid into a co-living space.

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A total 25 new dwellings will be constructed at numbers 6,8 and 10 in Calle Madrazo in the Spanish capital – with a total combined area of 8.000 sqm. These new units should be operational during next year’s second semester, revealed Eje Prime this Wednesday.

On the ground there are several former commercial spaces. This 2.300 sqm area should be transformed into a new coworking centre in Madrid.

At this stage, the Spanish management company is looking for an operator for the future management of the asset