Meridia expands its presence in Madrid with the acquisition of Skypark Valdebebas

Meridia has reached an agreement to acquire Skypark Valdebebas, with final closing expected to take place in December 2025. The asset is a prime multifamily residential complex located in one of Madrid’s most growing and dynamic submarkets.

Completed in 2022, Skypark Valdebebas is a modern project that combines quality design, a full range of amenities and extensive common areas. The asset comprises 395 residential units plus parking distributed across 3 buildings, all with terraces. The units are predominantly 1-2-bedroom apartments, designed to meet the needs of young professionals and families. Residents benefit from extensive communal areas including sports facilities, swimming pool, gardens and coworking space, offering an attractive living environment in one of Madrid’s fastest-growing neighbourhoods. The complex holds BREEAM very good certification and EPC-AA certification.

This investment reflects Meridia’s strong conviction in the long-term fundamentals of the living sector and its proven ability to source and execute high-quality, off-market opportunities in competitive urban environments.

This transaction, executed through Meridia V, marks the eighth investment of the Fund and its third in Madrid, further reinforcing Meridia’s commitment to Spain’s most sizable real estate market. Following the acquisition of the Hotel Madrid Centro Atocha and Ibis Madrid Aeropuerto, the purchase of Skypark Valdebebas is the first living deal in the capital and further strengthens the Fund’s footprint in the market.

Meridia V’s strategy focuses on three core sectors — Hospitality, Logistics and Living — and this acquisition complements the Fund’s portfolio, contributing to a diversified, high-quality Fund that includes hotels in Barcelona, Málaga, Ibiza and Madrid; a major logistics development in Valencia; and a prime residential project in Palma de Mallorca.

Víctor Iborra, Real Estate Partner at Meridia, commented: “Madrid is a strategic market for Meridia and one where we continue to see compelling long-term potential. This acquisition represents a landmark investment for the Fund, reinforcing our presence in the capital and strengthening our exposure to the residential segment. We are actively working on additional opportunities in the city that align with our strategic vision.”

Cuatrecasas, Colliers and Deloitte acted as advisors to Meridia in this transaction.