April recorded another strong month for commercial real estate activity in the Madrid Region, with total investment volumes surpassing €840 million, representing more than half of Spain’s CRE investment during the period. The Iberian Property research figures reinforce Madrid’s role as the country’s primary destination for institutional capital, particularly within the living sector, which continued to dominate transaction activity.
The month’s headline transaction was HOOPP’s acquisition of the residential rental platform Iante from Ares Management. Structured through a capital increase, the operation valued the platform at approximately €690 million and marked the Canadian pension fund’s formal entry into the Spanish residential market after months of negotiations. The portfolio comprises around 2,300 free-market rental homes, primarily concentrated in the Madrid region, reaffirming institutional appetite for large-scale stabilized residential platforms.
Residential investment continued to drive activity beyond the Iante transaction. Med Capital Management and partners acquired a 3,900 sqm building at Núñez de Balboa 37, in Madrid’s Salamanca district, for approximately €45 million, with plans to reposition the asset into a luxury residential scheme. Meanwhile, Alting purchased a residential property at Arturo Soria 65 from Aliseda, committing more than €10 million to its acquisition and refurbishment, with commercialization expected in 2027.
Alternative living strategies also remained highly active throughout the month. Gaiarooms acquired the Leganés Urban Apartments complex for approximately €38 million, adding a 131-unit flex living asset to its growing Madrid portfolio. In parallel, Homely One purchased a property on Doctor Cortezo Street from Impar Capital for €14 million, with the asset licensed for 32 apartments focused on short and medium-term stays.
Madrid’s flex living segment also saw continued expansion through new development and repositioning projects. Argis opened a €39 million flex living development in the Pacífico neighbourhood, comprising 179 studio apartments across 11,800 sqm in the former Metro de Madrid headquarters. Bestinver’s SOCIMI acquired a development in Carabanchel to be converted into a flex living asset, while All Iron purchased a building in Chamartín to develop 33 serviced apartments targeting both corporate and tourist demand.
Student housing remained another active segment within the living sector. Promiris acquired land in the San Blas-Canillejas district to develop a 400-bed PBSA scheme as part of its partnership with BeSix Red Portugal, while Student Experience announced a €55 million investment in a new student residence in Móstoles, comprising nearly 600 beds across 23,300 sqm and scheduled to open in 2028.
Office investment also maintained momentum through selective acquisitions and owner-occupier activity. Colonial sold the Tucumán office building in Madrid for approximately €24 million, while Avellanar acquired the former Caja Ronda headquarters from Unicaja for €25 million. The asset offers multiple repositioning alternatives, including hospitality, serviced apartments or high-end residential uses. In addition, education group CEF.- UDIMA acquired the 10,000 sqm building at General Martínez Campos 30 in an off-market transaction to establish its corporate headquarters.
Retail activity was comparatively more selective but still featured notable transactions. HIH Invest sold the Canalejas building at Alcalá 6, a 1,013 sqm asset leased to Banco Santander, to a buyer backed by Spanish private equity. Although the financial details were not disclosed, the transaction further highlighted continued investor appetite for prime high street assets in central Madrid.
The logistics sector also recorded continued activity throughout April. Arrow Capital Partners leased an 11,500 sqm refurbished logistics warehouse in Madrid to pe.tra, while Prologis acquired 62,000 sqm of logistics land in San Fernando de Henares, expanding its footprint along the A-2 corridor to 167,000 sqm for future logistics developments.
Affordable housing and urban development continued to remain at the centre of Madrid’s public and private agendas. EMVS Madrid announced a €40.3 million investment in the Cañaveral 13 development in Vicálvaro, comprising 164 homes funded through contributions from Madrid City Council and Next Generation funds. Pryconsa also announced the development of 300 social rental housing units in Madrid, within a mixed-use scheme incorporating commercial space.
The region’s development pipeline continued to expand through major residential land acquisitions. Niceurban purchased land in Los Cerros for a 170-home project representing approximately €55 million in investment, while Aurora Homes acquired two plots totalling more than 25,000 sqm from Aliseda to develop 300 affordable homes for sale, with a projected investment of €100 million.
Hospitality and mixed-use investment also remained visible during the month. Mohari Hospitality acquired the Four Seasons Hotel Madrid, including the Centro Canalejas hotel, the Hermès-leased retail premises and the associated car park, in one of the most known hospitality assets, although financial details were not disclosed.
Beyond transactions
April also reinforced Madrid’s strategic positioning as a leading European real estate investment destination through public-private collaboration, urban development initiatives and international sector events.
One of the month’s most significant milestones was the Spain Real Estate Summit, held in Madrid on 5 and 6 May, where the Region of Madrid participated as Host Region through Invest in Madrid, acting as institutional sponsor of the event. The initiative further strengthened the region’s positioning as a strategic hub for international capital gathering over 300 senior representatives from multiple geographies, and highlighted the increasing collaboration between public authorities and private investors.
The event also hosted the ceremony of the Iberian Property Investment Awards, an initiative backed by an independent jury comprising more than 50 professionals from Spain and Portugal. José María García Gómez, Deputy Minister for Housing, Transport and Infrastructure at the Comunidad de Madrid, delivered the award for Deal of the Year in Spain, reinforcing the institutional relevance of the event within the Iberian real estate market.
Disclaimer: Iberian Property followed the criteria of deal announcement dates. Official signing and completion may be subject to due diligence processes.
