The company should also begin looking for investment partners soon, since the its key concept is to restructure the assets according to the co-living concept and then manage them, whereas the investors remain the owners of the assets. According to sources heard by daily newspaper Eje Prime, the negotiation stage with investors should finish before the end of the year.
In the capital, the company expects to have at least 5.000 sqm of built areas to refurbish. And it expects that its first co-living unit will start operating in 2022.
Besides Madrid, there are other regions under subsidiary Inversiones Onys 22’s radar, such as the Costa del Sol. And apart from finished buildings, The Coliving Company is also pondering constructing projects from scratch, which means that purchasing terrains might also be in its plans.