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Greystar

NIBC closed its first Spanish residential real estate financing transaction

News Release - 6 February 2024, 09:30 CET

NIBC participated in a loan facility to support Greystar International, a global leader in the investment, development, and management of high-quality rental housing, with the acquisition of three newly completed co-living assets in Greater Madrid. This loan facility was arranged & underwritten by and under the agency of Aareal Bank.

Over 2,500 professionally managed, flexible units

The assets, comprising 2,504 units are operated through Greystar’s group company BeCasa. All assets have achieved BREEAM “Very Good” certificates. With an emphasis on a flexible living experience, these residences cater to both long and short stays, featuring affordable all-inclusive rents and premium amenities like a 24h concierge, gym, padel court, workspaces, swimming pool, and cinema rooms.

The properties are located in fast-growing submarkets with high rental demand in the vicinity of Madrid: Rivas Vaciamadrid, Valdebebas and San Sebastián de los Reyes are known as lively and well-connected areas.

NIBC offering residential real estate financing in major cities in Europe

Last year NIBC announced the broadening of its finance offering in the residential real estate sector across a number of major cities in Europe. Building upon the successful expansion of our Dutch commercial real estate financing activities into the United Kingdom, with a specific focus on the residential real estate sector. With this transaction the results of this broadening start coming.

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