Paseo Santa María de la Cabeza 73

Purchase of a hotel with a surface of 5,610 m2 and 996 m2 of parking lot, built on a 2,352 m2 plot for its transformation into a student accommodation, co-working space and leisure premises.

The building is located in a residential area in the district of Arganzuela, In Madrid, this district is a paradigmatic example of de- industrialization process, transformation into a residential district full of services, with new-quality housings and an increase of the average income of its inhabitants, together with the economic revaluation of the real estate development of the area. The proximity to Atocha and to Madrid Rio thrive the attractiveness of this location.

The transaction is executed through the JV that Urbania has together with MI CASA INN, enlarging the current student accommodation community that both have created, featuring well-designed rooms, shared living spaces, outstanding facilities to create a more convenient and fulfilling lifestyle. The building will have additional services for students and for the neighborhood such us a leading gym brands, co-working space, etc.