Urban Campus expands into Tetuán, the Cuatro Caminos Coliving building will have 31 studios and will be located just a ten-minute walk from the Azca financial center. This will be the second investment in coliving for Batipart in Spain, which will operate Urban Campus
Madrid, June 15th, 2022.- Urban Campus will operate its fifth coliving building in Madrid, and the second for Batipart. The first operator of complete coliving buildings in Spain thus establishes itself in Madrid, increasing its offer in the capital. The new project, Urban Campus Cuatro Caminos is located in the district of Tetuán, in the Cuatro Caminos neighborhood and just a 10-minute walk from the financial center of Azca, the most avant-garde in the capital.
The family investment group, Batipart, once again trusts Urban Campus as the operator of its next coliving, after the agreement for the company’s first new-build coliving in Valencia, which is already under construction and will receive its first tenants in 2023.
For Urban Campus, Tetuán is one of the most attractive districts. It offers many opportunities due to its proximity to Azca, the Four Towers, and the Paseo de la Castellana.
Urban Campus Cuatro Caminos, which has an elegant facade, will have an area of around 1,200 square meters in which there will be room for 31 studios, almost all with a private balcony, 11 one-bedroom apartments, and 20 in a two-bedroom cluster format with a kitchen and large shared lounge. The building will have different common areas like a gym, a coworking, a community kitchen, a meeting or events area, and an outdoor area with a corrala-style patio, common in old buildings in the city, evoquing the most traditional Madrilian character. Urban Campus expects to welcome the first tenants in October 2022.
For Casilda Mulliez, Head of Business Development for Spain at Urban Campus, “our fifth coliving in Madrid strengthens our presence in the capital. We are firm defenders of booming areas, having already begun in Valencia, and once again confirming our position in Madrid with our expansion into Tetuán.”
For Martin Fauchille, Director of Acquisitions Spain and Portugal “After the success of our alliance with Urban Campus, we want to continue with our expansion in the main cities of Spain and Portugal, where we see a growing demand from young professionals for this type of offer.”
private Living room
Private living room/ kitchen
Private Room
Shared living room
Patio
Shared bathroom
private Living room
Private living room/ kitchen
Private Room
Shared living room
Patio
Shared bathroom
Pablo Alonso-Patallo de la Torre, new Business Development Manager for Urban Campus
President of Young Leader at Urban Land Institute (ULI), coordinates the activities of members under 35 years of age
Madrid, 25th of may 2022.–
Urban Campus, the leading operator in the management of complete coliving buildings in Spain, has hired Pablo Alonso-Patallo de la Torre as the new business development manager for the expansion of the company’s operations in Spain and Portugal.
Alonso-Patallo, with international training at the Brunel University of London and the University of Bath and a master’s degree in Real Estate Development from IE, has specialized professional experience in the real estate sector. Upon his return to Spain, he signed for the CBRE consulting firm where he remained until this year in the multifamily capital markets area focused on advising clients on investment and divestment strategies in PRS, BTR, and BTS residential products.
In parallel, since 2020 he leads the Young Leader segment at the Urban Land Institute (ULI) as Chairman, where he coordinates all the initiatives for more than 140 members under 35 years of age. He sits on the Board of the Executive Committee of ULI Madrid to defend the interests of the younger generations of the Spanish real estate sector.
In this new stage, Pablo lands at Urban Campus, to contribute to the reinforcement of the company through his work in scaling the business in Spain and Portugal, identifying relevant opportunities in the main Spanish and Portuguese cities, as well as building and maintaining long-term relationships.
For Alonso-Patallo “Urban Campus is a company with great growth potential and a clear and ambitious vision of which I am very proud to be a part of. We are focused on operating under a strategy based on 3 basic pillars: community, technology, and real estate, thus revolutionizing the way residents live and real estate assets are operated. I have no doubts about our ability to lead this sector in Europe.”
About Urban Campus
Founded in 2016, Urban Campus is the first operator of entire coliving buildings. With its innovative model, it is redefining the rules of residential housing in the main European cities, offering coliving and coworking spaces adapted to new lifestyles. With its own DNA, based on meeting the new residential needs of young professionals in large cities, they offer quality buildings, creates community, and provides a new residential experience.
Yesterday, 05/18/2022, we launched our Coliving Report 2022 in our Malasaña (Madrid) coliving space. This report provides a complete overview of the coliving sector in Spain and Europe and draws conclusions about this residential model based on a survey completed by our residents.
Some Key figures: 62% of them chose to live in a coliving because of the many services included (such as WiFi & regular cleaning). The second reason, with 50% of the votes, was the common areas. Location (48%) and flexibility (45%) came in as the third and fourth reasons to choose coliving.
Once our residents have moved into our spaces, the interviewees affirm that “community” is the reason why they extend their stays. 95% feel happier, and 85% feel less lonely, because of the community. After 2 weeks, half of our residents report feeling at home in our spaces.
The average profile of our colivers debunks any myths associated with this way of living: 92% of coliving residents are professionals, 55% are international profiles, and the average age is 33 years old (the age range is 26 to 45). Additionally, 54% are in a relationship.
The average stay in our coliving is 12 months, with 46% of current members having extended their stays. 3 and a half years is the longest recorded stay, held by a coliver, in our spaces.
But coliving is not just a housing solution. In 2021 alone, the walls of our colivings have seen the birth of seven startups and have supported more than 22 local businesses through collaboration agreements.
We aim at becoming a residential solution for urban professionals, designed for medium-long term stays. Fully-furnished buildings (between 1,000 and 8,000 m2) located in emerging and well-connected neighborhoods, with spaces divided into 70% private areas and 30% common areas, offering all-inclusive services and encouraging the creation of strong communities.
At a European level, the coliving sector adds a total of 23,150 units among all types of housing (including shared and complete flats). London is running as the main coliving capital in Europe with 16% of the total market. Behind them are Amsterdam (12%) and Manchester (10%).
The demand for this residential model has increased exponentially in recent years. Ana Martinez, Head of Operations, said “Here at Urban Campus, in the space of one year, we have registered an increase of 154% in applications”.
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Urban Campus Boosts its growth in Spain with this new residence which means the company will now manage 3 buildings for the Socimi ELIX Vintage Residencial.
This new project will be located in Áncora street in Madrid and will open officially in September 2022.
The first full building coliving operator, Urban Campus, boosts its national expansion with the opening of its fourth coliving in Madrid: Urban Campus Atocha.
This is the third asset that the company operates with Socimi ELIX Vintage Residencial. After a positive experience with the two previous projects (Malasaña Madrid Coliving and Mellado Madrid Coliving).
Both companies share a transformative vision of the residential market, which is adapting to new living models, where social connections are promoted and where new work and leisure habits have evolved the way in which projects are developed to adapt to new residential needs. Additionally, Urban Campus is one of the only operators that manage its buildings under strict ESG criteria, with an efficient operation thanks to its transparent data registration system for both investor and tenant, increasing the efficiency of its assets, thanks to efficient management, marketing & sales efforts.
For Maxime Armand, COO and co-founder of Urban Campus, “With this new opening we are strengthening our commitment to Spain. Furthermore, our track record in residential assets management, adapting them to the concept of coliving, is an added value for companies such as ELIX Vintage Residencial, with whom we have great synergies”.
Urban Campus Atocha will have a total surface area of over 2,800 m2, the largest coliving that the company has operated so far, with other larger buildings planned in the short term. It will have 57 studios and the largest communal areas ever designed for a coliving. It will be located at Calle Áncora 20, in the dynamic neighbourhood of Delicias, very close to Atocha station.
The project will complete its refurbishment works in the last quarter of the current year and its residential options will be: 22 studios for two tenants with shared living room and kitchen and 35 individual studios with their own living room and kitchen.
About Urban Campus
Founded in 2016, Urban Campus is the first operator of complete coliving buildings. With its innovative model, it is redefining the rules of residential housing in major European cities by offering coliving & coworking spaces adapted to new lifestyles. With a DNA of its own, based on satisfying the new residential needs of young professionals in major cities, it offers quality buildings, fosters community and provides a new residential experience overall.
Elix Vintage Residencial SOCIMI, S.A. is a real estate investment vehicle specialising in the acquisition and refurbishment of residential properties in central areas of Madrid and Barcelona. Elix VRS currently has 30 buildings in different development stages. This patrimony is focused on covering the different residential rental needs, ranging from traditional housing to medium and short term housing, including corporate and coliving.
For further information:
Marta Torres Vilas +34 636 484 866 marta.torresvilas@urbancampus.com
Ana, our Head of Operations Iberia, was interviewed in EjePrime.
In this interview, she talks about Urban Campus and our plan to end the year with more than 250 units in Spain.
She also explains our evolution in the last years, occupancy rates, and our expansion plans in Spain and Europe.
Casilda, our Head of Business Development in Spain, was interviewed in Valencia Plaza.
In this interview, she talks about Urban Campus expansion in Spain, and about our new Coliving in Valencia “Ayora Valencia, Coliving”.
She also details why we have chosen Valencia, to open a new Coliving and how the Coliving market has evolved after the Covid pandemic.
The residential building will be the first greenfield coliving in Valencia and will open its doors in 2023.
Urban Campus expands to the Valencian Community, with a 41-studio building.
Madrid, 16th February 2022 – Urban Campus, a national leader in the management of coliving buildings, launches its first greenfield project in Spain in collaboration with both Batipart (investor) and WHITE Investing RE (developer). With this opening, Urban Campus expands geographically outside Madrid and strategically enters the greenfield buildings sector. This new coliving will be located in Valencia, in the up and coming neighbourhood of Ayora, where construction has already started. It will house 41 studios and more than 200 m2 of communal areas.
Urban Campus, together with the investor and the developer, are in charge of the project conceptualisation phase, as well as the interior design. Once open, Urban Campus will be in charge of operating the building under a management contract.
This opening strengthens Urban Campus’ leadership position in Spain, seeking to promote this residential coliving model in Spain’s main cities. To achieve this objective, it is actively seeking opportunities for land and/or residential assets to enter into agreements with developers (as it has done with WHITE Investing RE) and investors for the development and/or refurbishment of buildings. Urban Campus is currently interested in developing residential buildings ranging from 2,000 m2 to 8,000 m2 in cities such as Madrid, Barcelona, Valencia, Malaga, Alicante, Seville, Murcia, Palma de Mallorca, Bilbao, etc.
After its launch in 2016 in Paris and its arrival in Spain in 2017, following a positive reception of its first three projects in the capital, Urban Campus kicks off its expansion in Spain and continues its growth in Europe. After this opening, it will continue its expansion, with the aim of opening 30 buildings in the next 5 years.
Casilda Mulliez, Expansion Director at Urban Campus in Spain and Portugal is quoted: “The commitment towards geographical diversification and the development of our model in a new building is the next logical step in Urban Campus’ expansion. Thanks to our knowledge of operationally active coliving buildings, Urban Campus has proven to be capable of advising from day one on the design of the buildings and the optimisation of the spaces.”
At Batipart, Martin Fauchille, Director of Acquisitions Spain and Portugal, “We are delighted to carry out this first transaction in Valencia, hand in hand with Urban Campus. Through our alliance we want to promote this residential coliving model in Spain’s main cities.”
“For WHITE Investing RE this is a special project, as it is the first licensed coliving project to be launched in Spain, additionally in collaboration with an investor such as Batipart, and a leading coliving operator in the market such as Urban Campus, which consolidates us as a reference point as an asset provider at an institutional level”, Jose Solero CEO WHITE Investing RE.
Urban Campus Ayora, Valencia Coliving
The new Urban Campus project in the city of Valencia is a coliving residential development that will have 41 fully furnished and equipped individual studios, and more than 200 m2 of common areas: gym, coworking, cinema room, shared kitchen with dining and lounge area, laundry area and, on the rooftop, a barbeque, showers and a chill-out zone. In short, a property that offers all the amenities for professionals looking to enjoy private areas, but also have access to an international community as well as networking opportunities in the same building.
Urban Campus offers an all-inclusive lease starting from three months, with online bookings and an app developed internally which offers access to weekly events and connectivity between all members of the community, as well as the possibility to hire additional services. This innovative residential model that Urban Campus puts on the market is aimed at professionals between 25 and 45 years of age who are looking for the convenience of a rental with all services included. A more complete alternative to traditional leasing.
Furthermore, in its objective of promoting sustainable projects, the Urban Campus Ayora project will try to obtain the best environmental qualification.
During the third quarter of 2023, the first building’s tenants will be welcomed.
About Urban Campus
Founded in 2016, Urban Campus is the first operator of coliving buildings. With its innovative model, it is redefining the residential housing rules in major European cities by offering coliving and coworking spaces adapted to new lifestyles. With its own DNA, based on meeting the new residential needs of young professionals in major cities, it offers quality buildings, creates community and provides a new residential experience.
About Batipart
A family-owned group founded by Charles Ruggieri in 1988, Batipart invests and develops projects in the real estate, hotel and tourism sectors in Europe, Africa and North America. In Europe, the Batipart Group is present in seven countries: Germany, Spain, France, Italy, Portugal, Switzerland and Luxembourg through its offices in Luxembourg, Paris, Toulouse, Madrid and Milan. Its European assets represent 4 billion euros under management.
About WHITE Investing RE
Specialised company in capital management through real estate assets and projects.
Urban Campus was featured in a new article written in ACEPRENSA, a digital medium.
This article focuses on Coliving as a new lifestyle and as an optimal option for professionals to make the most out of their living space while being able to focus on their professional endeavours.
They wanted to see first hand, what it is like to live in one of our spaces, so they interviewed Matías & Diana, two of our Malasaña residents.
Matías and Diana, have been living at Urban Campus for over 3 years. They both met in our first coliving residence, Mellado Madrid Coliving in Chamberí, and then decided to move in together to our Malasaña Coliving looking for more space and privacy to keep developing their relationship as a couple.
Coliving is gaining more popularity as an alternative residential option, offering professionals an all-inclusive offer, flexibility in fully furnished studios and apartments, inside shared buildings, so they can enjoy both their privacy and share common areas with others.
Watch the full report below.
This week, COPE radio station did a broadcast about the living options young professionals are choosing in Spain after the COVID-19 crisis.
Coliving is also an option that is gaining importance, that’s why Urban Campus Malasaña Coliving resident, Noemi, was invited to do an interview to explain her experience living with us, why she chose coliving and all the benefits this alternative brings to someone in her situation. Some of the key aspects she highlighted were comfort, flexibility and community.
You can listen to the whole interview below! (Spanish)
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