DEXTER, in the financing of houses built from disused office space
The housing market is in the midst of a process of transformation. It has to do with the change in family models, work habits and the shift that is taking place in the very physiognomy of cities and large municipalities.
A few days ago we heard that 28,000 new homes could be built in Madrid and Barcelona alone by recycling disused offices. The Spanish capital has 1.8 million square metres of office space that could be repositioned as residential, while Barcelona has 0.73 million square metres. These are data from EYHe points out that in order to complete this transition, the collaboration of the Administration would obviously be necessary in order to speed up the urban planning procedures.
In the case of Madrid, areas such as Chamartín, Salamanca, Chamberí, Retiro or Manoteras could be reconverted, as well as those located in outlying municipalities such as Pozuelo de Alarcón, Aravaca, Arroyo de la Vega or Alcobendas.
We are faced with a scenario in which office buildings are built on tertiary land, which does not allow the construction of housing, which is carried out on residential plots. It does allow the construction of accommodation such as coliving, serviced flats or residences for students and the elderly. In short, there is a horizon in which the supply of rental assets for living will increase.
From the Commercial Department of DEXTERGuillermo Díaz, its head Guillermo Díaz stresses that "We make financing possible for entrepreneurs who have all the necessary permits to convert offices into homes. To do so, we finance 100% of the refurbishment that they may need, we study the commercial and sales plan that the developer has established and we take the asset itself as collateral for the work to be carried out".. DEXTERIn short, it enters into financing of all areas within real estate.
DEXTER, in the financing of houses built from disused office space
The housing market is in the midst of a process of transformation. It has to do with the change in family models, work habits and the shift that is taking place in the very physiognomy of cities and large towns.
A few days ago we heard that in Madrid and Barcelona alone 28,000 new houses could be built by recycling disused offices. The Spanish capital has 1.8 million square metres of office space that could be repositioned as residential, while Barcelona has 0.73 million. These are data from EY, which points out that in order to complete this transition it would obviously be necessary to have the collaboration of the Administration to speed up the urban planning procedures.
In the case of Madrid, areas such as Chamartín, Salamanca, Chamberí, Retiro or Manoteras could be reconverted, as well as those located in outlying municipalities such as Pozuelo de Alarcón, Aravaca, Arroyo de la Vega or Alcobendas.
We find ourselves with a panorama in which office buildings are built on tertiary land, which does not allow the construction of housing, which is carried out on residential plots. It does allow the construction of accommodation such as coliving, serviced flats or student and senior residences. In short, there is a horizon in which the supply of rental assets for living will increase.
From DEXTER's Commercial Department, its head, Guillermo Díaz, emphasises that "we make financing possible for entrepreneurs who have all the necessary permits to convert offices into homes. To do so, we finance 100% of the refurbishment that they may need, we study the commercial and sales plan that the developer has established and we take the asset itself as a guarantee on which they are going to work". DEXTER, in short, provides financing in all areas of real estate.
