Agreement signed for the management of a whole building in the heart of Madrid available to professionals and students
DoveVivo, the leading and largest co-living company in Europe managing more than 1,500 properties and a portfolio of 8,000 beds in 11 Italian cities, announced its entrance to the Spanish market today with the signature of an important agreement for the management of a whole building in the centre of Madrid, in the heart of the Chueca area, and the acquisition of Oh My Place, a Spanish player in the co-living sector. This operation, in particular, will enable DoveVivo to make use of the expertise of some of the best co-living professionals in Spain and allow the company to pursue ambitious goals immediately in Spain.
The prestigious historic building taken over by DoveVivo, with Gilmar as advisor, is in Calle de San Lorenzo in the centre of Madrid. The building, in the lively Chueca-Malasaña district, an area full of life enlivened by many restaurants, bars and hospitable shops, has 44 rooms with a total surface area of 1,600 square metres. Retiro Park, one of the largest and most popular in the city, is 15 minutes away on foot. The area is very well-connected to the other areas of the city by public transport - the ‘Tribunal’ underground station is only 2 minutes’ walk away and the leading universities in the Spanish capital can be reached from there.
Valerio Fonseca, Managing Director of DoveVivo, said, “We’re especially proud to announce our arrival in a market as dynamic and attractive as the Spanish one. We wanted to start with an important operation like the one for the building in Calle San Lorenzo, in the centre of Madrid, to show our desire to grow quickly in Spain from the start. The acquisition of Oh My Place is an especially strategic operation because it will enable us to start our work in the country calmly and gives an excellent starting point. We aim to become the leader in the Spanish co-living market as well in 2021. We’re convinced that the DoveVivo development plans in Spain will prove to be interesting for financial operators, Real Estate companies and property investors of the countries where we work.”
Irene Trujillo Felix, Operations Director Spain for DoveVivo and founder of Oh My Place, added, “The Spanish co-living market is an especially dynamic sector and offers great opportunities for both property investors and students and young professionals looking for comfortable, modern accommodation. That’s why I’m sure that the arrival of a solid, authoritative player like DoveVivo will mark a turning point for many stakeholders. I’m especially proud to be part of a team of professionals of absolute value.”
Giulio Limongelli, Head of Growth at DoveVivo, will be responsible for development of business and the whole company portfolio in Spain through the acquisition of new property units from institutional players and private owners and will be supported by the Business Development Manager Federico López, expert in co-living as he was concerned with the sector in his previous experience at CBRE. Giuseppe Cavallaro, Head of Operations, will have the support of Irene Trujillo Felix, Operations Director Spain and expert in co-living as she founded the Spanish company Oh My Place.