A New Stage in Affordable Housing Development
A large-scale initiative is launching in the Valdebebas area in northeastern Madrid to build 565 apartments with limited rental prices. The project is being carried out by Palatino Residencial, an investment entity established with the participation of Bankinter and managed by Vía Ágora. Construction is scheduled to begin in January 2026, once all necessary approvals and permits have been obtained. Completion is planned for the first half of 2028.
The complex will feature modern buildings with a total area of 47,311 square meters. Residents will have access to a gym, a multipurpose hall, and spacious green areas. The new buildings will be strategically located—close to Adolfo Suárez Madrid-Barajas Airport, and surrounded by parks, sports facilities, and wide avenues. All apartments will fall under the regulated rent category (VPPL), allowing them to be leased at rates below market value.
Portfolio Expansion and New Projects
In addition to the Valdebebas development, Palatino Residencial is preparing to hand over 244 apartments in the Arganzuela and Adelfas districts as early as October this year. These properties are part of the third lot of Madrid’s municipal housing program. Previously, the company completed projects in Villaverde and Usera, where 425 apartments were built. Currently, Palatino Residencial is also involved in the fourth and fifth lots of this initiative, with completion planned for the first half of 2026.
Overall, the Palatino Residencial investment vehicle aims to bring 1,876 affordable rental apartments to the capital’s market, making it one of the largest players in this segment. In addition, 374 market-priced apartments in the Madnum residential complex, located in the Méndez Álvaro district, are also included. This brings the total number of apartments managed by the company to 2,250, of which 555 have already been delivered.
Key features of the investment model
Palatino Residencial was established in 2023 and operates under an alternative investment fund structure developed by Bankinter Investment. The capital structure includes the bank itself, the management company, and high net worth private investors. This approach channels funds into real assets and supports the development of urban infrastructure.
Projects developed by Palatino Residencial help increase the supply of affordable housing in Madrid and support long-term goals to provide quality apartments at reasonable prices. The portfolio is expected to expand further and new initiatives will be launched in the capital region in the coming years.
