Our DNA
Real Estate Integrated Manager and Operator
Between
Norm & Innovation
At Medan we are building the future. With a steadfast belief in continuous improvement, we take on the commitment to lead the transformation in the living space.
Our firm leans on years of experience, to offer analytical and operative solutions that meet the standards required of global industry leaders. We process quantitative and qualitative market information and translate ever-shifting macro & micro fundamentals into sound local execution, recognizing it as the only way to stay ahead of our peers.
To innovate, means to commit to efficiency and process-simplification as an operating mandate. We envision portfolio & asset management that fully integrates technology and sustainability – understanding that efficiency and personalization can drive communities we build, investor reporting and ESG-implementation, forward.
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MANIFESTO
This is our Philosophy
In a market traditionally marked by experience, Medan honors that legacy without being anchored to it. We are the intersection between the norm and innovation.
Blending wisdom and audacity, we foster a visionary team backed by meticulous and accurate data analysis.
We don't just prepare for tomorrow; at Medan, we are building the future. With a steadfast belief in continuous improvement, we take on the commitment to lead the transformation in the world of living space.
€400m
AuM
+0
Tenants across our Nuva Living Assets
+
10
Years of working together
2021
Founded in
EXPERTS IN LIVING
Changing Operational Standards
We reflect clear-cut investment decisions back into operative solutions.
Our firm does not settle for a complacent management style. We want to reflect continuous change; expecting integration of innovative solutions throughout our portfolio, and in the opportunities we structure. Beyond any fiduciary responsibility, we place stakeholder interest at the forefront of strategic decisions, and commit to an equitable, self-reflecting, and transparent partnership, that’s always backed by precise, data-driven analysis.
PORTFOLIO SAMPLE
ASSETS
Investment and Asset Management
Nuva Alcalá
Nuva Alcalá is a 250-unit residential property located in the North-Wester area of Madrid. This development meets the needs of 30k+ individuals within the network of Alcalá's University, Hospital and Life Science community.
- INVESTMENT DATE 2024
- VEHICLE SPRP II
- ASSET CLASS Multifamily
- STRATEGY Long-term rental
- CITY Madrid
Nuva Torrejón II
Located in Madrid’s main industrial axis, Nuva Torrejón II is a 441-unit Alternative Living residential offering. This Flex-Living asset enjoys proximity to key transportation arteries towards the city center.
- INVESTMENT DATE 2024
- VEHICLE SPRP II
- ASSET CLASS Flex Living
- STRATEGY Medium-term rental
- CITY Madrid
Nuva Fuenlabrada
Nuva Fuenlabrada, situated in Madrid's Southern metro area, offers a distinctive alternative living residential experience comprising 287 units. It is designed to cater a diverse demographic, including 15k+ university, hospital and retail potential demand profiles.
- INVESTMENT DATE 2024
- VEHICLE SPRP II
- ASSET CLASS Flex Living
- STRATEGY Medium-term rental
- CITY Madrid
Nuva Valdemoro
Nuva Valdemoro is strategically located in the south of Madrid in front of the station that directly connects to the city center. It is a 160-unit residential property, built with common areas and extensive green spaces.
- INVESTMENT DATE 2021
- VEHICLE SPRP I
- ASSET CLASS Multifamily
- STRATEGY Long-term rental
- CITY Madrid
Nuva Cantueso
Located in the Tetuán vibrant neighborhood, Nuva Cantueso is a 67-unit residential property. It is a sizeable asset in Madrid central location with great potential for added value and perfect for operating under a flex living format.
- INVESTMENT DATE 2021
- VEHICLE SPRP I
- ASSET CLASS Multifamily
- STRATEGY Long-term rental
- CITY Madrid
Nuva Torrejón
Nuva Torrejón, located in the East of Madrid, offers 52 modern, newly constructed rental units designed to stand out from the surrounding properties.
- INVESTMENT DATE 2021
- VEHICLE SPRP I
- ASSET CLASS Multifamily
- STRATEGY Long-term rental
- CITY Madrid
Nuva Atocha
Nuva Atocha is a property in Madrid's bustling city centre, right next to Madrid's main train station. It offers 54 modern units, alongside spacious common areas.
- INVESTMENT DATE 2021
- VEHICLE SPRP I
- ASSET CLASS Multifamily
- STRATEGY Medium and long-term rental
- CITY Madrid
Nuva Alcalá
- INVESTMENT DATE 2024
- VEHICLE SPRP II
- ASSET CLASS Multifamily
- STRATEGY Long-term rental
- CITY Madrid
This development presents a compelling solution with its 250 units of 2-Bedroom and 3-Bedroom residences.
It disrupts the outdated existing stock by introducing modern amenities that are notably lacking in the current market landscape. These amenities include a gym, padel court, swimming pool, and green area, which surpass the offerings of the majority of existing properties in the area.
With its strategic location, the development also targets a potential market of over 30k individuals from the University, Hospital, and Science hub, further enhancing its appeal and viability.
Nuva Torrejón II
- INVESTMENT DATE 2024
- VEHICLE SPRP II
- ASSET CLASS Flex Living
- STRATEGY Medium-term rental
- CITY Madrid
A large-scale development comprising approximately 441 units, strategically situated within close proximity to various key demographics.
This catchment area includes 6,000 direct military personnel, a bustling retail mall frequented by 12 million visitors annually, and a professional hospital demographic of 1,000. Offering seamless access to Madrid Downtown, residents benefit from a mere 10-minute walk to the Metro, facilitating a convenient 30-minute commute to Downtown station.
Additionally, the development enjoys swift access to the A-4 ramp, just a 3-minute drive away, ensuring full-network connectivity throughout the region.
Nuva Fuenlabrada
- INVESTMENT DATE 2024
- VEHICLE SPRP II
- ASSET CLASS Flex Living
- STRATEGY Medium-term rental
- CITY Madrid
The introduction of this alternative living rental product in Madrid marks a significant milestone in the region.
Despite the presence of consolidated BTS products, there remains a notable lack of rental stock in the area. This disparity between supply and demand is evident, with fewer than 30 units of available stock, despite a substantial population of 13,000 university students, 1.7 hospital workers, and the proximity of the city's largest retail asset adjacent to the plot.
Nuva Valdemoro
- INVESTMENT DATE 2021
- VEHICLE SPRP I
- ASSET CLASS Multifamily
- STRATEGY Long-term rental
- CITY Madrid
Medan sourced the property from a local developer and repurposed it to create a BREEAM-certified, amenity-rich residential community catering to Madrid commuters.
The property is strategically situated next to Valdemoro’s train station, offering a convenient 30-minute ride to Madrid city centre. The investment aimed to provide quality yet affordable housing.
Nuva Cantueso
- INVESTMENT DATE 2021
- VEHICLE SPRP I
- ASSET CLASS Multifamily
- STRATEGY Long-term rental
- CITY Madrid
Medan acquired the property from an international bank through the purchase of a non-performing loan, and repositioned it to upgrade units to current standards, creating also new amenities.
Nuva Torrejón
- INVESTMENT DATE 2021
- VEHICLE SPRP I
- ASSET CLASS Multifamily
- STRATEGY Long-term rental
- CITY Madrid
Medan sourced the last plot in a fully consolidated location in Torrejón, Madrid, allowing for a prime development. The high demand for the development resulted in a 90% occupancy pre-opening, and achieving a significant premium of +16% lease prices compared to market ERV.
Nuva Atocha
- INVESTMENT DATE 2021
- VEHICLE SPRP I
- ASSET CLASS Multifamily
- STRATEGY Medium and long-term rental
- CITY Madrid
Medan acquired an NPL from a local lender and secured ownership of the asset through a DIP, managing the necessary legal, tax, and technical asset management procedures. The strategy was to acquire a prime, centrally located property in need of revitalization.
The property was repositioned through extensive refurbishments to the dwellings and enhancements to the common areas, which included the addition of a pool, gym, and coworking space.
Medan achieved a significant average rental growth of +65% by renewing and rotating existing leasing contracts.
ESG Objectives
At Medan, sustainability drives all our endeavors. We wholeheartedly dedicate ourselves to integrating sustainable methods throughout our operations, products, and services. Whether it's reducing our environmental impact, enhancing resource efficiency, advocating ethical sourcing, or nurturing social responsibility, we endeavor to foster a beneficial influence on both the planet and society.
Integrated Living Operator
We believe that pragmatic decisions require hands-on understanding of the communities we try to build. We established NUVA Living hand in hand with Medan, in order for us to offer bespoke living environments – leveraging granular data to build spaces that reflect the quality, flexibility and modernity that our community deserves.
Latest News
Javier Muelas joins Medan AM as a new partner
Madrid, November 5th, 2024 – Medan, the independent Spanish asset management firm specializing in living strategies, announces the appointment of Javier Muelas Girón as the firm’s new partner. Javier will join Medan's investment department as Head of Origination and Structuring for New Deals.
Partners Group and Medan complete the sale of a residential asset in Valdemoro to Invesco Real Estate
Madrid, October 14th, 2024 – Partners Group, one of the largest firms in the global private markets industry, acting on behalf of its clients, and Medan, the integrated Spanish asset manager specialised in the Spanish living sector, have announced the sale of a residential asset in Valdemoro to a vehicle managed by Invesco Real Estate.
Partners Group and Medan expand their Madrid living platform with the forward purchase of three purpose-built BTR and flex-living assets.
The platform expands the partnership between Partners Group and Medan, focusing on newly built projects designed to provide amenitized housing in greater Madrid.
Nuva Living becomes the first operator to implement the innovative smart access control solution Homelok by SALTO Systems.
The company, based in Oiartzun - Gipuzkoa, ten minutes from San Sebastian, positions its product as a sophisticated alternative solution for the digitization of access to homes, secure and adapted to the changing needs of new real estate businesses.
Nuva Living, the residential platform created by Partners Group and Medan Asset Management, announces the opening of Nuva Valdemoro
Nuva Valdemoro consists of 160 residential rental units, the project has been developed by Ten Brinke on a turnkey basis. Completion occurred in October 2023, with the project fully let at opening.
Partners Group and Medan AM create a new €400m platform to invest in Spanish PRS
The vehicle, Nuva Living, launched through Medan AM, already holds a portfolio of approximately 200 homes and is expected to reach circa 1,500 units in prime locations in Spain. Nuva Living will capitalize on the growth potential of the sector and create a de-risked portfolio of PRS and BTR assets in Spain focused on quality, diversification and stable yield generation. Partners Group chose Medan AM as the local partner to develop the strategy, given its successful track record delivered by a team of best-in-class professionals.