Azora Expands Residential Footprint in Madrid with 475,000 m² Acquisition
Deal News | Feb 20, 2025 | Azora
Azora has strategically acquired 475,000 m² of residential development land in Valdecarros, a key urban regeneration area within Madrid. This acquisition consolidates Azora's holdings in the area to over 1.5 million m², making them one of the leading private stakeholders in Spain's largest urban development project. The real estate firm plans to deliver more than 3,500 new free market and subsidized homes to Madrid's housing market by the end of 2028. This effort is a part of an ambitious urban development strategy in southeast Madrid, which plans for the construction of 51,000 homes, 55% of which will be publicly protected, and include over 7 million m² of green spaces. With this transaction, Azora strengthens its 20-year commitment to addressing residential supply challenges through strategic investments.
Sectors
- Real Estate
- Urban Development
Geography
- Spain – The transaction takes place in Madrid, Spain, and involves significant urban development in the Valdecarros region.
- Madrid – As the primary location of the acquisition, Madrid is central to the article's discussion on regional real estate development.
Industry
- Real Estate – The article discusses Azora's acquisition of residential land in Madrid, which falls within the real estate industry due to its focus on property development and urban regeneration.
- Urban Development – The acquisition is part of a larger urban development strategy in southeast Madrid, making urban development a relevant industry classification.
Financials
- 475,000 m² – The size of the residential development land acquired by Azora.
- 1.5 million m² – Total landholding of Azora in Valdecarros after the acquisition.
- 3,500 new homes – The number of homes Azora plans to deliver from the Valdecarros project.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Azora | Bidding Company | Company | A private equity firm specializing in real estate investments, leading the acquisition in Valdecarros. |
| Colliers | Advisor | Company | Provided advisory services to Azora during the acquisition process. Colliers is a global leader in real estate investment management. |
| Javier Rodríguez-Heredia | Managing Partner | Person | A Managing Partner at Azora's Real Estate Division, involved in the acquisition. |
| Antonio de la Fuente | Managing Director | Person | Managing Director of Corporate Finance and Living at Colliers, involved in advising this transaction. |