ECE Work & Live and CONREN TRAMWAY are investing 400 million euros in residential real estate in Spain.

• Joint venture invests in build-to-sell projects in Spain's main metropolitan areas

• The focus is on efficient floor plans with a special emphasis on affordable housing in urban areas.

• First project: 80 residential units in El Prat del Llobregat, Barcelona

• The partnership combines ECE's European expertise with CT's strong local market presence.

ECE Work & Live and Conren Tramway (CT), a Spanish real estate investment and development company, have launched CT ECE Living – a joint investment vehicle that pools capital from various investors and will invest approximately €400 million in build-to-sell residential projects in Spain. The strategy focuses on Madrid, Barcelona, Valencia, the Costa del Sol, and Palma de Mallorca, with a particular emphasis on the mid-range and affordable housing market segments.

The partnership combines ECE Work & Live's long-standing experience in developing and managing residential properties in Europe with CT's deep market knowledge in Spain. Both companies share the vision of creating sustainable, high-quality homes that adapt to people's evolving lifestyles. The first project comprises 80 residential units in El Prat del Llobregat, Barcelona. Construction is scheduled to begin at the end of 2026. The property is located in an established residential area, close to schools and a variety of shops, and just a five-minute walk from a metro station with direct access to Barcelona's city center. The development will be certified to the BREEAM Very Good standard. All CT ECE Living projects will integrate energy-efficient solutions, sustainable materials, renewable energy systems, and services designed to enhance living comfort.

Jan-Hendrik Walloch, Managing Director Investment at ECE Work & Live, says: “Spain is one of the European residential real estate markets with the greatest growth potential. Our partnership with CT aims to capitalize on this long-term trend and expand our presence in Southern Europe together with a partner who shares our values and our long-term vision.”

Henrie W. Kötter, CEO of ECE Work & Live, adds: “As with our first residential project in Barcelona last year, this project fits perfectly with our strategic focus on developing real estate in dynamic metropolitan regions of European countries that are experiencing strong economic and demographic growth, and where the demand for modern, affordable housing is high.”

Toni Candini, Living Investment Director at CT, explains: “CT ECE Living was created to address the current imbalance between housing supply and demand – in both the sales and rental segments. In addition to the deficit of 700,000 homes estimated by the Spanish banking system by 2025, another 2.7 million homes will be needed over the next 15 years to cope with population growth. We are prepared to invest up to €400 million in the housing sector, with a particular focus on high-demand markets, to counteract the existing supply shortage.”

Jaime Hugas, co-CEO of CT, adds: “To address the structural imbalances in the housing market caused by socio-demographic, geographic, and economic trends, we need to double housing production in the shortest possible time – accompanied by large-scale investment programs in infrastructure and mobility in the key metropolitan areas where demand is concentrated. Releasing building-ready land requires faster administrative processes, consideration of measures such as ICIO tax relief and the deferral of urban development charges, and, most importantly, the creation of legal certainty through consensus-based policy initiatives for the adoption of land law and more agile planning tools than those currently in place.”

Downloads

Note: This press release was created before our rebranding to ParkProperty Europe and therefore still uses the former design of ECE Work & Live.