Hines and ACCIONA open Skypark Valdebebas BTR in Madrid

Hines and ACCIONA open Skypark Valdebebas - a Build to Rent project in Madrid, Spain which will deliver 395 new homes.

Skypark Valdebebas Build to Rent in Madrid, Spain. Hines and ACCIONA have opened the new scheme which delivers 395 new homes | BTR News
Skypark Valdebebas Build to Rent in Madrid, Spain. Hines and ACCIONA have opened the new scheme which delivers 395 new homes.

Hines, a global real estate investment, development and property manager, and ACCIONA, a global company focusing on the provision of regenerative solutions for a decarbonised economy, have opened Skypark Valdebebas, delivering 31,000 sqm of residential space in one of Madrid’s residential districts in the northeast of the city.

A first for Hines in Spain, Skypark Valdebebas is a Build to Rent project offering 395 apartments -which provides homes for c.900 people. The scheme is located near a train station with direct access to the centre of Madrid, has 7,500 sqm of garden space with private leisure facilities and overlooks the Valdebebas Central Park. The apartments are either one, two or three bedrooms, each equipped with a private terrace or balcony.

“We are very proud to open Skypark Valdebebas, our first Build to Rent project in Spain, with 395 stunning apartments, significant amenity provision, and first class ESG credentials. We look forward to many people calling this quality space their home.

“We look forward to continuing our momentum in the living space and believe the Build to Rent sector will become a cornerstone for our business here given the need for quality homes nationwide.”

Vanessa Gelado, Senior Managing Director and Country Head, Hines (Spain)

Skypark Valdebebas has received BREEAM ‘Very Good’ certification – testament to its ESG credentials. The scheme has been designed by MORPH, with the interior design provided by Gärna and fully financed by Banco Santander.

“It is an honour for our company that Hines, the largest real estate developer in the world, has chosen ACCIONA to carry out its first Build tom Rent asset in Spain; in this enclave, Valdebebas, which is an example of urban planning at an international level, and with whose District Council, we are developing strategic projects of relevance, such as the new ACCIONA Group headquarters.

“In this great Build to Rent project in Valdebebas, we share with Hines its vision and commitment to implement the highest levels of sustainability, quality, architecture and landscaping, to offer new and more ambitious proposals to the professionalised rental market, the segment with the greatest growth potential in Spain.”

Andrés Pan de Soraluce, CEO (Real Estate), ACCIONA

Acquired in 2020 on behalf of the Hines European Value Fund 2 (HEVF 2) following the signing of a turnkey purchase agreement with ACCIONA, Skypark Valdebebas also has retail, amenity and restaurant offerings. HM Hospitales, Aldi, Santa Gloria, VIPS, Madrigal, 80 Grados and Big Jump Park are already leasing space in the scheme.

“Together we are building the best neighbourhood in Europe in terms of quality of life.”

Alberto Serrano Patiño, Councilman-President of the Districts Hortaleza and Latina, Madrid