Vía Célere signs a turnkey agreement with the DEA and Harrison Street JV to develop 284 rental homes in Alicante
The developer and a joint venture between DeA Capital and Harrison Street have closed a deal to develop a new rental development in Alicante, a market with a need for BTR housing.
The development will have the BREEAM Very Good sustainability certificate.
Vía Célere, a developer specializing in the development, investment and management of residential real estate assets, has closed a deal with a joint venture between DeA Capital and Harrison Street, to develop 284 new Build-to-Rent (“BTR”) homes in Alicante that will be operated under the name LAVIDDA, a brand designed to launch a new concept of BTR and housing management that will represent a new way of living.
The project is located in the north of the city, close to the Hospital General Universitario Dr. Balmis of Alicante and next to one of the main ring roads of the city, benefiting from excellent connections with the center of Alicante and surrounded by numerous amenities.
The demand for rental housing in Alicante is significant, while the availability of units, particularly newly built units, is limited. This development should be a success in an area with a shortage of newly-built modern rental housing.
The new building, developed by Vía Célere, will be BREEAM Very Good certified. All homes will have private terraces and the development will have a large number of all-inclusive common services: concierge, swimming pool, paddle tennis court, children’s play area, gym, coworking and large green areas. In terms of management, an intelligent building is proposed where digitalization will allow “smart metering” for energy consumption, access through electronic locks, and an integrated app for tenant needs.
Through this project, Vía Célere again demonstrates its expertise in the Spanish BTR market, a market it expects to continue to participate in throughout the coming years.