Project Tandem

Various locations

Description

The JLL Living Capital Markets team is pleased to present Project Tandem, a BTR portfolio encompassing two affordable housing rental assets strategically located in Torrejón de Ardoz and Colmenar Viejo. Comprising Valle de Bustarviejo 11 and 2 de Febrero 2, this portfolio represents a unique opportunity to acquire a fully stabilised asset delivering stable cash flow in two rapidly growing markets within Greater Madrid, Spain.

Project Tandem offers investors a compelling core plus investment featuring 161 residential units across both properties, achieving an exceptional 100% occupancy rate since completion in 2024 and 2025. This remarkable performance demonstrates the strength of both locations and the quality of the residential product, providing immediate and reliable income generation from day one.

Valle de Bustarviejo 11 and 2 de Febrero 2 benefit from strategic positioning in high-demand localities experiencing strong demographic growth driven by attractive connectivity, proximity to essential services, and access to major business and industrial hubs. The portfolio's freehold affordable housing structure creates significant value potential through reversion. As units transition back to the free market over time, investors can benefit from rental uplifts and enhanced valuations, providing a clear pathway for capital appreciation alongside stable income.

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Attributes

Rental Regime

Affordable Housing (VPPL & VPPB)

Legal Regime

Freehold

Units

161

Product Mix

2 & 3BR

Building area gross

141,395 sf

Occupancy

100%

Year built

2024

Project Tandem (2 Properties)

Media

Investment highlights

Core Plus Profile: Stable income generation combined with value enhancement potential through affordable housing reversion to market rates over time.
Exceptional Occupancy: 100% occupancy from delivery demonstrates strong market demand and quality positioning, delivering immediate reliable cash flow.
Strategic Madrid Locations: Positioned in Torrejón de Ardoz and Colmenar Viejo, two high-demand localities benefiting from demographic growth, excellent connectivity, and proximity to business and industrial hubs.
Value Creation Opportunity: Freehold affordable housing structure provides reversion potential, enabling rental uplifts and valuation enhancement as units return to free market conditions.
Market Resilience: Exposure to Spain's robust housing fundamentals and Madrid's expanding residential market ensures long-term stability and growth potential.