Q-Living buys 110-apartment project in Madrid

Q-Living, the real estate fund created by Grupo Qualitas, has bought a build to rent (BTR) project of 110 homes from Ingescasa in which it plans to invest €17 million. The property is located in El Cañaveral, southeast of the capital. The project is made up of 1- to 3- bedroom homes and will include a swimming pool and sports area. The homes will go on the market after completion in the second half of 2023, according to El Economista. Colliers International has acted as the exclusive advisor to the seller in this deal. Qualitas Equity intends to invest around €200 million to promote a portfolio of more than 1,000 homes in and around Madrid over the next five years as its one of the most profitable markets for leasing in Spain.