Spanish real estate developer Pryconsa, via its vehicle Resydenza, has secured €5 million in financing from Bankinter to expand its innovative rent-to-buy housing strategy in Madrid and Valencia.
In a significant move for the Spanish rental property market, real estate developer Pryconsa has secured a €5 million financing line from Bankinter. The funds, channeled through Pryconsa’s dedicated investment platform, Resydenza, aim to accelerate the company’s residential rental activities—especially those offering tenants a “rent-to-buy” option.
The deal, announced in a statement to BME Scaleup, comes with a five-year maturity and will specifically finance Pryconsa’s regular rental operations, including properties that grant tenants the right to purchase their homes. Uniquely, the credit line is unsecured, demonstrating Bankinter’s confidence in Pryconsa’s vision and its prime real estate assets.
Strategic Growth in Madrid and Valencia
Led by CEO Marco Colomer, Pryconsa made headlines in October with its ambitious shift into the residential rental market via Resydenza. The new venture’s rollout targets two of Spain’s most dynamic regions: Madrid, the company’s stronghold, and Valencia, both well-known for their vibrant rental demand.
Pryconsa has earmarked land for 2,500 new homes across these locales, leveraging both privately owned and protected residential plots, as well as adapting tertiary plots for affordable housing in accordance with the latest regulations set by the Community of Madrid. The company’s initiative aligns with public plans to boost accessible housing, starting with a major development in Colmenar Viejo under the Community’s Vive Plan.
Affordable Housing & Urban Development Drive
This investment isn’t just about rental expansion; it’s a cornerstone for urban development. Pryconsa, under Colomer’s leadership, is prioritizing transformative projects in Madrid for 2025, with a focus on areas such as Los Ahijones. Here, the developer is already progressing on the Acalia development—a project of three-bedroom homes—potentially earmarking a portion for the new affordable rental program.
Pryconsa’s Commitment to Innovation in Spanish Housing
The partnership with Bankinter reflects Pryconsa’s forward-thinking approach to real estate. By focusing on rental options with the right to buy, the company not only meets modern tenant aspirations but also supports broader public goals around housing affordability and urban revitalization.
As Pryconsa launches its latest projects in Madrid and Valencia, all eyes in the Spanish real estate sector will be watching. With secured financing and a clear strategy, the company is poised to open a new chapter for residential living—making high-quality, flexible housing more accessible for everyone.
