Daruan Group Holding, the investment company of businessman David Ruiz de Andrés, has acquired a 5% stake in Tectum BTR SICC, a collective investment vehicle focused on the development of rental housing. The transaction reinforces the commitment of the Grenergy founder and CEO—who holds over 69% of the company’s capital—to projects with a positive social and environmental impact.
Tectum BTR SICC is an initiative led by Andrés Horcajada, Gonzalo Ortiz, and Nicolás Bergareche, founders of Tectum Investment Managers, an asset manager specialized in the development and promotion of high-quality, affordable rental housing. Through this investment, Ruiz de Andrés joins the objective of building, developing, and managing 2,000 affordable rental homes over the next three years, with a particular focus on the Madrid region.
As stated by Daruan in a press release, access to housing has become the main concern among Spanish citizens, according to the latest barometer from the Centre for Sociological Research (CIS). In this context, Tectum Investment Managers aims to address this challenge by launching new residential projects in areas where the gap between supply and demand is greatest.
David Ruiz de Andrés is no stranger to impact-driven entrepreneurship. In addition to Grenergy, he has promoted the sustainable accessories brand Lefrik, and through his fund Daruan Venture Capital, he supports tech startups and companies with a social focus. Notable investments include Citibox, MyInvestor, and Tailored Spain.
Since its founding in 2017, Tectum Investment Managers has delivered or is currently developing over 2,700 rental housing units, establishing itself as one of the key players in Spain’s affordable housing market.
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