Major Residential Real Estate Deal
The Spanish company Acciona has completed one of the most significant deals of the year in the residential real estate sector, transferring management of 1,016 apartments to the investment firm Argis. The total value of the agreement reached 324 million euros. The properties are located in Madrid, Barcelona, and Terrassa, highlighting the strategic importance of these cities for the country’s housing market development.
Deal Details and Property Locations
As part of the agreement, two residential complexes in Madrid have been handed over. The first is in the Tetuán district, near the city’s business center, and includes 120 one- and two-bedroom apartments spread across seven buildings. The second property is located on Orduña street, within the influence area of the major Madrid Nuevo Norte development, and consists of 292 apartments with one, two, and three bedrooms.
In Barcelona, in the La Marina del Port district, Argis acquired a residential complex with 184 apartments designed for families of various sizes. In Terrassa, one of Catalonia’s largest cities, the deal included a property with 420 apartments, which will become part of a large-scale urban renewal program in the AEG area. This project is shaping a new central district, further driving the city’s development.
Acciona’s Strategy and Growth Prospects
The deal with Argis reflects Acciona’s strategy of selectively rotating assets and focusing on sustainable development. The company continues to invest in modern residential projects, placing particular emphasis on innovative construction solutions and environmental standards. All 11 properties included in the agreement are at various stages of construction, with completion scheduled for 2026.
As of the end of June 2025, Acciona’s total residential real estate portfolio was valued at €1.879 billion, up 8.2% compared to the end of 2024. The company notes that such deals strengthen its position among Spain’s leading developers and contribute to creating high-quality housing stock in key regions of the country.
