Urban Campus Signs First ‘Flex Living’ Project in Aravaca, Madrid
October 29th, 2024
- Urban Campus signs its first ‘flex living’ project in Aravaca, Madrid. This marks a strategic expansion into a new market segment with high growth potential.
- Urban Campus Aravaca will offer 120 units ranging from studios to one-bedroom apartments, catering specifically to short and medium-term stays.
- Aravaca marks the eighth Urban Campus property in Madrid. The project is backed by Batipart Europe.
Branching into “Flex Living”
Urban Campus, known for its premium coliving spaces across Spain, is venturing into the ‘flex living’ market with the introduction of Urban Campus Aravaca. This project marks a significant milestone in the company’s strategy, highlighting its expansion into a rapidly growing market niche. Supported by Batipart Europe as an investment partner, this property will be Urban Campus’ eighth asset in Madrid.
What is flex living?
Flex living is a residential concept that offers housing options flexible enough to accommodate varying lengths of stay. This type of living arrangement typically allows for stays as short as a few days or weeks, referred to as “short-term stays”. It also offers “long-term stays” as long as several months or even years. The key aspect of flex living is its ability to bridge the gap between a hotel’s short-term convenience and an apartment’s longer-term stability.
Residents of flex living can enjoy furnished living spaces with flexible lease terms, avoiding the commitment required by traditional year-long leases. This makes flex living ideal for people undergoing life transitions, such as relocating for work, studying for short courses, or engaging in extended travel.
More about Urban Campus Aravaca
Aravaca is situated to the west of the city center of Madrid, elevated above the rest of the capital and bordered by large green spaces like Casa de Campo. This project is set in El Plantío, one of Aravaca’s most prestigious residential areas. Urban Campus will lead the redevelopment of what was previously an office building into a residential complex featuring 120 rental units.
The Aravaca property will also have a focus on high-quality community amenities. This has been a cornerstone of Urban Campus’s success in previous projects. Urban Campus Aravaca will feature common areas including a fully equipped gym, an outdoor pool, lounge area and coworking spaces conducive to both freelancers and business travelers.
Urban Campus Aravaca not only seeks to offer flexible housing solutions but also aims to set benchmarks in sustainability and quality design. The project underscores Urban Campus’s commitment to sustainability, optimizing resource use and aiming to minimize environmental impact throughout the renovation process.
Looking Forward: Urban Campus’ Expansion
As Urban Campus ventures into the ‘flex living’ sphere, this expansion represents a significant and strategic diversification of their real estate portfolio.
Already a leader in various housing models including coliving, Build-to-Rent Multifamily, and Affordable Housing, Urban Campus now embraces Flex Living to cater to the dynamic and evolving needs of contemporary demographics across Spain. By integrating flexible, modern housing solutions into their offerings, Urban Campus is not only responding to the changing lifestyles and preferences of today’s urbanites but also setting new standards in the housing market.
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