DoveVivo is aiming at leadership in Spain confirming the success of co-living which continues to show that, in the residential sector, it is the strongest and most resilient internationally.
The co-living trend
Co-living is a trend destined to grow over time as it intercepts the need for flexible, functional housing, able to respect personal privacy in a sharing context. The trend is shown not only by the success of the first Spanish building, 60% booked just a few days after opening, but also the strategy of the leading European property groups which, post Covid, have started to transfer their investment from commercial to residential (student housing, co-living, social housing, senior living and multi-family).
The new San Lorenzo building in Madrid
In October 2020, DoveVivo announced it had entered the Spanish market with the acquisition of the local player Oh My Place! and the signature of an agreement for the management of an entire historic building, in Calle San Lorenzo in the centre of Madrid. The building has 44 rooms with a total surface of 1,600 m2, completely renovated during the pandemic.
The rooms are fully furnished, equipped with all comforts and enable privacy for work and study. Co-livers can experience the community in the co-working areas, the fitness and yoga areas, passing through the kitchen area, the coffee corner, dining-room and the splendid private patio in the centre of Madrid. The rental includes utilities, Wi-Fi, dedicated customer care, maintenance and 24/7 assistance, daily cleaning of the common area and twice weekly cleaning of the room.
Italian and international strategy
While DoveVivo is consolidating its business in Italy with more than 5 buildings opening soon in Ferrara, Trento, Turin and Padua, it’s targeting France and Spain in Europe, where the opening of the first apartments will soon be announced; however, the company is keeping its eyes open on Europe.
The recent capital increase, that sees the entry of Tamburi Investment Partners S.p.A. (TIP – MI) to the group, is also strongly oriented to reinforcing technological assets which ensure innovation and allow the business to deal with a demanding, digital target and a continuously changing world.
Please read the press release