ECE and Conren Tramway target €400m in Spanish housing

ECE Work & Live and Conren Tramway (CT) have formed a joint venture called CT ECE Living to invest €400 mln in Spanish residential real estate.

Barcelona project - ECE

The joint venture will target build-to-sell projects in Spain’s key metropolitan regions, including Madrid, Barcelona, Valencia, the Costa del Sol, and Palma de Mallorca. 
Their focus is on creating affordable, high-quality, and sustainable apartments, particularly for the mid-market segment, by combining ECE's European development expertise with CT's local market knowledge.
Their first project will be 80 residential units in El Prat del Llobregat, Barcelona, with construction starting in late 2026. This development, which will be BREEAM Very Good certified, emphasises energy efficiency and sustainable living, and is conveniently located near schools, shops, and public transport.
The partnership combines ECE's European expertise with CT's strong local market presence
Jan-Hendrik Walloch, managing director of investment ECE Work & Live, said: "Spain is one of the European residential real estate markets with the greatest growth potential. Our partnership with CT aims to capitalise on this long-term trend and expand our presence in Southern Europe together with a partner who shares our values and long-term vision."
Henrie W. Kötter, CEO of ECE Work & Live, added: "As with our first residential project in Barcelona last year, this project fits perfectly with our strategic focus of developing real estate in dynamic metropolitan regions of European countries that are experiencing strong economic and demographic growth, and where demand for modern, affordable housing is high."
Toni Candini, Living Investment Director at CT, explained: "CT ECE Living was created to address the current imbalance between housing supply and demand, both in the sales and rental segments. In addition to the deficit of 700,000 homes estimated by the Spanish banking system by 2025, a further 2.7 million homes will be needed over the next 15 years to cope with population growth. We are ready to invest up to €400 mln in the housing sector, with a special focus on markets with high demand, to counteract the existing supply shortage."
Jaime Hugas, co-CEO of CT, added: "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 major investment programs in infrastructure and mobility in key metropolitan areas where demand is concentrated. The release of ready-to-build land requires faster administrative processes, the consideration of measures such as ICIO tax relief and the deferral of urban planning levies and, above all, the creation of legal certainty through consensus-based political initiatives for the adoption of land law and more agile planning instruments than those currently in place."