The Tectum company plans to invest €84 million by December, which accounts for 35% of its second fund of €240 million. Tectum is part of the Association of Rental Home Owners (Asval), which is working on developing a regulatory framework to deal with administrations developing public-private projects for affordable rental housing.
The fund plans to conclude a transaction in the Community of Madrid in the coming months, through which it will launch a development of 100 homes. So far, the firm has already committed €30 million through the purchase of land in the capital’s Villaverde district, according to Ejeprime.
The company is also looking beyond Madrid, including discussions with Barcelona City Council officials over a potential investment in the Catalan capital. The company’s current fund, Tectum II is focused on residential rental and has the goal of developing 1,500 homes.
