New Joint Venture Between PATRIZIA and Urbania to Deliver Sustainable Housing Solutions in Spain’s Key Metropolitan Areas

New Joint Venture Between PATRIZIA and Urbania to Deliver Sustainable Housing Solutions in Spain’s Key Metropolitan Areas

(IN BRIEF) PATRIZIA and Urbania have launched a €130 million joint venture, Sustainable Communities Spain (SC Spain), aimed at tackling the housing crisis in Spain by providing sustainable and affordable homes. SC Spain will initially develop 320 social housing units in the Alicante region, focusing on energy-efficient homes for low- and middle-income households. The project, supported by the European Union’s “Next Generation” recovery programme, will prioritise social inclusion and environmental sustainability. This initiative forms part of PATRIZIA’s Sustainable Communities impact investment platform and aims to deliver lasting benefits for both investors and underserved communities.

(PRESS RELEASE) MADRID/ AUGSBURG/ LONDON, 13-May-2025 — /EuropaWire/ — PATRIZIA, a global leader in real asset investments, has teamed up with Urbania, a prominent Spanish real estate development and investment firm, to launch Sustainable Communities Spain (SC Spain), a joint venture dedicated to addressing Spain’s critical need for sustainable and affordable housing. The venture plans to invest over €130 million to develop eco-friendly housing projects in key metropolitan areas across the country, marking a major expansion of PATRIZIA’s ongoing commitment to impact investing.

The first phase of SC Spain’s project will focus on the construction of approximately 320 social housing units across five sites in the Alicante region, in the Valencian Community. The initiative will harness the power of public-private partnerships under the European Union’s “Next Generation” recovery programme, with access to public land through a 75-year leasehold and secured government-backed financing. Work on the sites is set to begin soon, and the homes are expected to be delivered to the first residents by Summer 2026. In addition, SC Spain will pursue further projects across Spain, creating affordable rental housing units equipped with energy-efficient features in well-connected urban locations.

SC Spain’s strategy is designed to combat the ongoing housing shortage in Spain, where affordable housing is a growing concern. Public housing in Spain accounts for just 2.5% of the total housing stock, significantly lower than the European Union average of 9%. By providing energy-efficient, affordable homes, SC Spain aims to ease the pressure on the housing market while contributing to sustainable urban growth across Spain.

Marleen Bekkers, Fund Manager for PATRIZIA Sustainable Communities, commented: “This collaboration with Urbania is an important step forward as we extend our impact investment strategy into Spain. With an estimated 500,000 home shortage in the country, particularly in metropolitan areas, this partnership will allow us to leverage Urbania’s expertise in delivering sustainable, energy-efficient homes. We’re committed to creating long-term value for both investors and the communities we serve.”

A key focus of SC Spain will be developing homes in prime locations near major employment hubs. Social inclusion will be a key priority, with efforts to foster community engagement through the creation of communal spaces and social programmes aimed at integrating residents. Furthermore, all new buildings will meet the highest standards of environmental sustainability, contributing to the country’s ongoing efforts to reduce its carbon footprint.

Jeffrey Sújar, Managing Partner of Urbania Living, added: “This partnership with PATRIZIA is a pivotal moment for the Spanish housing market. By developing well-connected, energy-efficient homes for lower- and middle-income households, we are helping transform the housing landscape. SC Spain will integrate innovative solutions to provide accessible housing in urban areas, creating a model for future social housing projects.”

SC Spain’s approach will focus on long-term asset stability, with plans for individual or portfolio-wide sales of properties once they are fully developed. The joint venture is committed to ensuring that its projects maintain strong social, environmental, and financial impacts, in line with both PATRIZIA’s and Urbania’s shared vision of using real estate investment to drive positive social change.

Media Contact:

Matthew Richards
Phone +44 7471 999746
Email: Matthew.Richards(at)patrizia.ag

Patricia González
Phone: +34 602 251 600
Email: p.gonzalez(at)romanrm.com

PATRIZIA

With operations around the world, PATRIZIA has been offering investment opportunities in real estate and infrastructure assets for institutional, semi-professional and private investors for 41 years. PATRIZIA manages over EUR 55bn in assets and employs around 900 professionals at 26 locations worldwide. PATRIZIA has been making an impact since 1984 by helping children in need, since 1992 in close collaboration with Bunter Kreis (“colourful circle”) in Germany for aftercare of children with severe diseases and since 1999 through its support for the PATRIZIA Foundation. The PATRIZIA Foundation has given more than 750,000 children and young people worldwide access to education, healthcare, and a safe home to get the chance to live a better self-determined life over the last 25 years. You can find further information at www.patrizia.ag and www.patrizia.foundation

Urbania

Urbania is a privately-owned real estate development, investment and management company with a portfolio of projects valued at more than €1.1 billion. Its areas of expertise include the development of large land projects, residential developments, student accommodation, flexibles working spaces, senior communities & innovation hub. The company has a multidisciplinary staff of more than 150 professionals, with offices in Madrid, Barcelona, Málaga, Ibiza, Portugal and Fortaleza (Brazil). More info at www.byurbania.com.

SOURCE: PATRIZIA SE