The Palatino Residencial project, promoted by Bankinter Investment and VÍA ÁGORA, is developing 565 affordable rental homes in Valdebebas.

The alternative investment vehicle Palatino Residencial, promoted by Bankinter Investment, the Bank's management company dedicated to alternative investments, with VÍA ÁGORA acting as managing partner, represents a new step forward in the goal to offer real solutions to the rental housing shortage in the city of Madrid. Following its acquisition between last June and July of two residential buildings on a turnkey basis in the Madrid neighbourhood of Valdebebas, the company will promote a total of 565 rental homes on the site at below the market price, under a capped-price social housing scheme.

The properties are located in a strategic and well-connected area, just minutes from Madrid-Barajas Adolfo Suárez Airport and surrounded by wide avenues, green areas, and sports and leisure facilities. The project reinforces the commitment to affordable housing in high-quality urban environments.

The residential complexes will have a gross floor area of 47,311 square metres and will offer services such as a gym, a multipurpose room and landscaped areas. Applications for the requisite licences have been submitted and construction is expected to begin next January. Based on this timeline, the key handover is planned for the first half of 2028.

The company has also acquired and is currently finalising the sale of its first two affordable apartment buildings in the south of the capital, in the districts of Villaverde (Parque Central de Ingenieros) and Usera (Orcasitas).

These developments, which total 181 homes, are part of Lot 3 of the Madrid City Council's Housing Plan, which includes two more developments comprising 244 homes in Arganzuela and Adelfas, with the key handover planned for later this month. All 425 homes in Lot 3 have been developed by VÍA ÁGORA.

Palatino is also participating in Lots 4 and 5 of this public-private initiative that seeks to facilitate access to housing in a city with a growing shortage of rental properties.

Lot 4 comprises 452 homes distributed across five developments promoted by Pecsa Avintia and with the key handover planned for the first half of 2026. Promoted by Culmia, Lot 5 consists of 434 flats, again distributed across five developments, with completion estimated for the first half of 2026. 


A total of 1,876 affordable rental homes in Madrid

Overall, Palatino will put 1,876 affordable rental homes on the market in the city of Madrid.

The affordable rental assets are joined by the 374 market-price homes in the Madnum complex, located in the Méndez Álvaro neighbourhood of Madrid, an area that has experienced significant development in recent years and is fast becoming one of the most sought-after places to live in the capital. Palatino therefore has a total of 2,250 homes in its asset portfolio.

Palatino Residencial was founded in 2023 as a public limited company and may acquire the legal form of a real estate investment trust in the future. The alternative investment vehicle follows the model of the other 27 vehicles that Bankinter Investment has launched with different managing partners in various sectors: the Bank and the partner invest in the vehicle together with Bankinter's high-net-worth customers who want to participate in this investment. This is an option for long-term investment in tangible assets of the real economy.

The managing partner in this particular vehicle is VÍA ÁGORA, which has over 40 years of experience in the real estate sector and was founded by Juan Antonio Gómez-Pintado, chairman of the company. The company is revolutionising the construction sector through the introduction of multiple innovations and a special commitment to industrialisation and robotisation, with a unique factory in Europe for industrialised construction systems.

Palatino continues to explore the market in search of opportunities to further expand its rental housing portfolio, currently focused on the Madrid region but open to future investments in other parts of Spain. The vehicle has an expected life of ten years, during which time additional investment opportunities will be identified.  


About Bankinter Investment: 

Over the last nine years, Bankinter Investment has successfully launched 30 alternative investment vehicles with over €5.2 billion in committed capital from investors. Including project financing, this currently represents an assets-under-management portfolio of over €7.4 billion. 

The drive for alternative investment vehicles, in which Bankinter Investment is a leader in Spain and Portugal, has enabled more than 14,700 Spanish and Portuguese investors to co-invest with Bankinter Investment and its partners, with a clear focus on promoting long-term financial savings by diversifying into real assets, optimising risk-return ratios and generating lasting value for society.

For asset management, Bankinter Investment has followed the model in all its vehicles of teaming up exclusively with an expert partner in each investment segment, such as renewable energy, sustainability, student residences, the hotel sector, the logistics real estate sector, infrastructure, technology, commercial spaces, residential and venture capital. Bankinter Investment SGEIC was established at the end of 2022, under the new regulatory framework introduced by Law 18/2022, as the Bankinter Group entity specialised in the management of alternative assets.

About VÍA ÁGORA:

VÍA ÁGORA is a company with extensive experience in the development sector and particular expertise in the management and development of real estate assets. Founded in 2007, from the outset it has had a clear business model based on efficiency, sustainability and innovation.

The company aims to respond to the changes that the market is already experiencing, focusing on industrialisation and sustainability as paths to responsible growth. Its mission is to look ahead to the future with the firm purpose of improving people's quality of life.