Hines and ACCIONA unveils their first Madrid BtR (ES)

Hines and ACCIONA unveils their first BtR in Madrid (ES)

Hines and ACCIONA have opened Skypark Valdebebas delivering 31,000m² of prime residential space in one of Madrid’s fastest growing residential districts in the northeast of the city.


A first for Hines in Spain, Skypark Valdebebas is a build to rent project offering 395 quality apartments providing homes for c.900 people. The scheme benefits from excellent connectivity being located near a train station with direct access to the center of Madrid, and 7,500m² of garden space with private leisure facilities and overlooking the Valdebebas Central Park. The apartments are either 1, 2, or 3 bedrooms, each equipped with a private terrace or balcony.


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 benefits from  wide-ranging retail, amenity and restaurant offerings with the following occupiers already leasing space in the scheme: HM Hospitales, Aldi, Santa Gloria, VIPS, Madrigal, 80 Grados and Big Jump Park. It has received BREEAM Very Good certification testament to its ESG credentials, designed by MORPH , with the interior design provided by Gärna and fully financed by Banco Santander.


Vanessa Gelado, senior managing director and country head of Hines in Spain, added: “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.” Gelado added: “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.”


Andrés Pan de Soraluce, CEO of the  Real Estate business of ACCIONA stated: “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-to-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.”


Alberto Serrano Patino, Councilman-President of the Districts Hortaleza and Latina of Madrid, highlighted: “Together we are building the best neighbourhood in Europe in terms of quality of life.”

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