Blue Coast Capital acquires 480 affordable rental homes in Seville, to be managed by Bialto.

Dos Hermanas (Seville), July 28, 2025 — Blue Coast Capital has closed the turnkey acquisition of a residential project with 480 affordable rental homes in the Entrenúcleos area of ​​Dos Hermanas (Seville). This is the largest affordable rental project built on private land in Andalusia.

The residential complex will have a constructed area of ​​34,000 m2 and will include 480 parking spaces and storage rooms. Construction began in July 2025, and delivery is scheduled for mid-2028.

Bialto, the Urban Input group’s platform specializing in rental housing, has acted as the local partner of Blue Coast Capital and will handle the future operational management of the project.

The seller is the developer BTR Hispalis, owned by Luis H. González Navarro and Grupo Rusvel, which collaborates with the architectural firm Orfila 11 and the construction firm Amenábar. The seller has been advised by Gómez Acebo&Pombo.

The homes will be distributed in one- to four-bedroom units, with a predominance of two-bedroom units. The complex will feature common areas such as a swimming pool, gym, multipurpose room, sports area, children’s play area, and gardens. The goal is to obtain the BREEAM Very Good certification, which recognizes sustainable and efficient buildings.

The homes will be rented under a regulated rent scheme for a period of 20 years, guaranteeing prices below market value. The project is part of public initiatives to promote the rental housing stock and has received funding from the Official Credit Institute (ICO).

This investment further strengthens Blue Coast Capital’s growing presence in the residential sector across Europe, the United Kingdom, and the United States. In the United Kingdom alone, the firm is developing more than 1,200 residential units in build-to-sell, build-to-rent, and co-living projects. Beyond the residential space, Blue Coast Capital owns and manages a hotel portfolio comprising more than 5,200 rooms across 30 hotels, with operations in five global regions.

In parallel, Blue Coast Capital continues to expand its urban logistics platform in partnership with Argo Real Estate, having recently acquired the Harp Trading Estate in Manchester for approximately £17 million. The Joint Venture aims to consolidate a £500 million portfolio by transforming multi-tenant industrial assets into sustainable, high-performance logistics centers in cities and densely populated areas of the United Kingdom.

This project builds on the existing collaboration between Blue Coast Capital and Urban Input, which have worked together on developments such as Tànger 66 in Barcelona and Plaza San Juan de la Cruz 4 in Madrid, consolidating a strategic relationship in the development of residential and office assets in Spain.

Fraser Denton, Managing Director of Real Estate for Europe at Blue Coast Capital:

“This project allows us to make a tangible contribution to expanding the affordable housing stock in Dos Hermanas, facilitating access to a home at below-market prices, which will allow hundreds of families to settle and build their future in the city. We particularly value the collaboration with BTR Hispalis, a partner with in-depth knowledge of the local environment and extensive experience in residential development in Andalusia. I would also like to acknowledge the role played by Urban Input in the development of residential properties in Spain. of the municipal government, whose firm commitment to housing has been key to launching this project and increasing the city’s affordable housing stock."

Raúl Blasco, Director of Bialto:

“Being part of this transaction reinforces our understanding of rental housing: as an opportunity to create homes with a purpose. We are committed to providing real solutions to citizens. That’s why we operate in different cities where we believe it’s important to offer well-managed, affordable housing designed for the people who will live there.”

Luis H. González, President of BTR Hispalis:

“The key to this transaction is to make it possible for low-income families to live in decent housing, without having to undertake a purchase, which is currently very difficult or impossible given the current complicated housing situation in Spain. And this has been possible thanks to the tireless work of a group of top-level companies and professionals, in conjunction with the Ministry of Housing, the Regional Ministry of Housing, and the City Council of Dos Hermanas. It’s a project that benefits all parties involved.”

This transaction reaffirms the consolidation of the model Build-to-Rent (BTR) in Spain as a vehicle for channeling institutional investment into the residential market, especially in a context of high demand, limited affordable supply, and growing interest from international funds in assets with social and environmental components.

Entrenúcleos, an expansion zone in the municipality of Dos Hermanas, has become one of the main hubs of urban growth in the metropolitan area of ​​Seville, with a growing number of amenities, infrastructure, and connectivity with the Sevillian capital. This environment, along with the conditions of public-private partnership that articulated the transaction, consolidate the project’s appeal to medium- and long-term investors.