Argis expands Spanish residential investment beyond Madrid and Barcelona
Spanish asset manager Argis is expanding its residential business through its second fund, Argis Living Fund II. Having previously focused on Madrid and acquired over 1,000 homes from Acciona in Barcelona, the firm now intends to invest at least half of its remaining capital in cities outside of Madrid and Barcelona, including Seville, Bilbao, Valencia, and Mallorca.
Argis Living Fund II has raised 257 million euros, with a total investment capacity of approximately 700 million euros when including bank financing. The firm has already deployed 60% of the raised capital, roughly 154 million euros, leaving approximately 103 million euros in equity for new operations.
The fund will focus exclusively on the Spanish residential sector, targeting traditional housing as well as alternative models such as student residences and flex living apartments. The strategy involves property development for sale, building conversions, and flex living projects. Argis will not invest in offices, hotels, or shopping centers as long-term assets, though it may acquire tertiary real estate for conversion into residential units.
Entities
Acciona · Alejandro Schuvaks · Argis · Johnson & Johnson · Merlin Properties
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 5 SOURCES] The fund has a total investment capacity of approximately 700 million euros including bank financing. www.lacronicabadajoz.com · www.diariodemallorca.es · www.informacion.es · www.farodevigo.es · www.levante-emv.com
- [● 5 SOURCES] Argis aims to invest at least half of its remaining capital from Argis Living Fund II outside of Madrid and Barcelona. www.lacronicabadajoz.com · www.diariodemallorca.es · www.informacion.es · www.farodevigo.es · www.levante-emv.com
- [● 5 SOURCES] Investment targets include housing, student residences, and flex living apartments. www.lacronicabadajoz.com · www.diariodemallorca.es · www.informacion.es · www.farodevigo.es · www.levante-emv.com
- [● 5 SOURCES] Argis Living Fund II has raised 257 million euros. www.lacronicabadajoz.com · www.diariodemallorca.es · www.informacion.es · www.farodevigo.es · www.levante-emv.com
- [● 5 SOURCES] Argis previously acquired a portfolio of over one thousand homes from Acciona. www.lacronicabadajoz.com · www.diariodemallorca.es · www.informacion.es · www.farodevigo.es · www.levante-emv.com
- [● 5 SOURCES] The company will not invest in offices, hotels, or shopping centers as patrimonial assets. www.lacronicabadajoz.com · www.diariodemallorca.es · www.informacion.es · www.farodevigo.es · www.levante-emv.com
- [● 5 SOURCES] The fund will invest exclusively in the Spanish residential market. www.lacronicabadajoz.com · www.diariodemallorca.es · www.informacion.es · www.farodevigo.es · www.levante-emv.com
- [● 5 SOURCES] Argis has deployed 60% of the raised capital, totaling approximately 154 million euros. www.lacronicabadajoz.com · www.diariodemallorca.es · www.informacion.es · www.farodevigo.es · www.levante-emv.com