Madrid, July 2023 — Overlord Gestión has closed the purchase of the tertiary-use land at Paseo Virgen del Puerto 53, beside the Manzanares river. The deal sets in motion Mad Río Hco, the manager's first investment vehicle, and coincides with the start of its activity.
On the plot, in the heart of Madrid and facing the Madrid Río park, a mixed tertiary-use building will be developed with 64 coliving units and 2,200 m² of coworking space, spread over the ground and first floors, with suites and a rooftop on the top floor.
The asset will be operated by NUVA Living, whose operational requirements have guided the functional layout of the programme, and the project is pursuing BREEAM certification.
With this acquisition, the manager debuts its co-investment model: the team invests in the vehicle with a minimum of 5% of the capital, alongside the private co-investors and family offices it is aimed at.
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Mad Río Hco vehicle profile