Portfolio Built to Rent – Tectum II
Transaction info
Type of transaction: Sale
Type of asset: Residential
Address: Bretón de los Herreros 44
Location: Madrid
Number of homes: 37 homes
Status: 100% sold
Description
Commercialization of the luxury residential development located at Bretón de los Herreros 44 in Madrid, in Chamberí, one of the most representative residential areas of the city.
The project consisted of the comprehensive refurbishment of the building to develop a total of 37 apartments with 2, 3, and 4 bedrooms, including triplex penthouses, duplex penthouses, and ground-floor loft-style units with gardens.
The development also includes 3 retail units and 116 parking spaces distributed over two basement levels.
TC Gabinete Inmobiliario successfully commercialized 100% of the apartments, managing to sell 80% of the units in just 2 months.