Conren Tramway (CT) and ECE Work & Live have established CT ECE Living, an investment vehicle formed by several investors that will allocate €400 million to Build-to-Sell residential projects in Spain. The strategy will focus on the development of homes for sale in Madrid, Barcelona, Valencia, the Costa del Sol, and Palma de Mallorca, with a particular emphasis on the mid-market and affordable segments.
This partnership brings together CT’s experience and in-depth knowledge of the Spanish market with ECE Work & Live’s long track record in the development and management of residential assets across Europe and the United States. Both companies share a common vision: to develop homes tailored to people and to new ways of living.
The first project of this new vehicle will be an 80-home residential development located in the center of El Prat del Llobregat, in Barcelona, with construction expected to begin at the end of 2026. The building will be located in a well-established area of the city, close to schools and main commercial hubs, and just a five-minute walk from the metro station with direct connections to Barcelona.
This first development, which will be certified BREEAM Very Good, reflects the criteria that will be applied across all CT ECE Living projects. All developments will incorporate energy-efficient solutions and sustainable materials, underscoring both companies’ commitment to sustainability and long-term value creation in cities.
“We are ready to invest up to €400 million in the residential sector, with a strong focus on the mid-market and affordable segments. CT currently has more than €1 billion in committed capital and a portfolio of 1,800 homes across projects in Barcelona and Madrid,” explains Toni Candini, CT’s Director of Living Investments.
According to Jaime Hugas, co-CEO of CT, “CT ECE Living was created to address the imbalance between supply and demand in the for-sale and rental housing markets. We need to double housing production as quickly as possible in the main metropolitan areas, where demand is concentrated. In this regard, ensuring legal certainty and having more agile regulatory and planning frameworks than those currently in place is essential.”
From ECE Work & Live, Jan-Hendrik Walloch, Managing Director Investment, highlights that “Spain is one of Europe’s residential markets with the greatest growth potential. Our partnership with CT is designed to capitalize on this long-term trend and allows us to strengthen our presence in Southern Europe alongside a partner that shares our values and long-term vision.”
For his part, Henrie W. Kötter, CEO of ECE Work & Live, adds that “just like ECE’s first investment in Barcelona at the beginning of last year, this project fully aligns with our strategic focus on developing assets in dynamic metropolitan areas in European countries with solid economic and demographic growth, supported by sustained demand for modern and affordable housing.”
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