Real estate group Gmp has announced its entry into the Flex Living segment with the acquisition of a 14,800-square-meter above-ground building in Madrid, offering 285 residential units distributed among studios and one- and two-bedroom apartments, along with 204 parking spaces. The transaction was executed through the purchase of the company Bext Vallecas S.L. from Bext Space, the joint venture between M&G Investment and Stoneweg Spain.
Located in the Ensanche de Vallecas area, the building comprises 285 units, including studios and one- and two-bedroom apartments.
With this operation, GMP—specialized in the development and management of high-quality office buildings and business parks in Madrid and Barcelona—enters an emerging sector with high growth potential in Spain, thereby beginning the expansion and diversification of its traditional property investment business. Meanwhile, Stoneweg remains firmly committed to alternative residential models such as Build to Sell (BTS), Build to Rent (BTR), and Flex Living—sectors that have gained significant prominence in the Spanish real estate market in recent years. The management company, Bext Space, continues to identify and promote new investment and development opportunities in this area, in line with its diversification and growth strategy.