Meridia makes first Madrid living sector deal

Meridia is set to significantly boost its presence in Madrid with the acquisition of top-tier multifamily residential complex Skypark Valdebebas.

Skypark Valdebebas

The deal is expected to be finalized in December 2025.
Completed in 2022, Skypark Valdebebas is a modern development featuring 395 residential units, each with a terrace, spread across three buildings, along with parking. The apartments are primarily one and two-bedroom units, catering to young professionals and families. Residents can enjoy a wide array of amenities, including sports facilities, a swimming pool, gardens, and a coworking space, making it a highly attractive living option in one of Madrid's rapidly developing areas. The complex also boasts strong sustainability credentials with BREEAM Very Good and EPC-AA certifications.
This acquisition underscores Meridia's strong belief in the long-term prospects of the living sector and its proven capability to secure high-quality, off-market opportunities in competitive urban markets.
Executed through its Meridia V fund, this transaction is the eighth investment for the Fund and its third in Madrid. It marks Meridia V's first "living" sector deal in the capital, further solidifying its footprint in Spain's largest real estate market.
Meridia V's strategy focuses on three core sectors: Hospitality, Logistics, and Living. This acquisition perfectly complements the Fund's diverse and high-quality portfolio, which already 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 advised Meridia in this transaction.