ECE Work & Live and CONREN TRAMWAY invest 400 million euros in residential real estate in Spain
- Joint venture invests in build-to-sell projects in Spain's most important metropolitan regions
- Focus on efficient floor plans with a particular focus on affordable living in urban areas
- First project: 80 residential units in El Prat del Llobregat, Barcelona
- Partnership combines ECE's European expertise with CT's strong local market presence
Hamburg/Barcelona, January 21, 2026.
ECE Work & Live and Conren Tramway (CT), a Spanish real estate investment and development company, have launched CT ECE Living - a joint investment vehicle that will pool capital from diverse investors and invest approximately €400 million in build-to-sell residential projects in Spain. The strategy focuses on Madrid, Barcelona, Valencia, the Costa del Sol and Palma de Mallorca, with a particular focus on the mid-market and affordable market segment.
The partnership combines ECE Work & Live's long-standing experience in the development and management of residential real estate in Europe with CT's deep market knowledge in Spain. Both companies share the vision of creating sustainable, high-quality apartments that are geared towards people's changing lifestyles.
The first project comprises 80 residential units in El Prat del Llobregat, Barcelona. Construction is scheduled to start at the end of 2026. The property is located in an established residential area, close to schools and a wide range of shopping facilities and just a five-minute walk from a metro station with direct links to Barcelona's city center. The development will be certified to the BREEAM Very Good standard. All CT ECE Living projects will integrate energy-efficient solutions, sustainable materials, renewable energy systems and services to improve living comfort.
Jan-Hendrik Walloch, Managing Director Investment ECE Work & Live, says: "Spain is one of the European residential real estate markets with the greatest growth potential. Our partnership with CT aims to capitalize on this long-term trend and expand our presence in Southern Europe together with a partner who shares our values and long-term vision."
Henrie W. Kötter, CEO of ECE Work & Live, adds: "As with our first residential project in Barcelona last year, this project fits perfectly with our strategic focus of developing real estate in dynamic metropolitan regions of European countries that are experiencing strong economic and demographic growth, and where demand for modern, affordable housing is high."
Toni Candini, Living Investment Director at CT, explains: "CT ECE Living was created to address the current imbalance between housing supply and demand, both in the sales and rental segments. In addition to the deficit of 700,000 homes estimated by the Spanish banking system by 2025, a further 2.7 million homes will be needed over the next 15 years to cope with population growth. We are ready to invest up to 400 million euros in the housing sector, with a special focus on markets with high demand, to counteract the existing supply shortage."
Jaime Hugas, co-CEO of CT, adds: "To address the structural imbalances in the housing market caused by socio-demographic, geographic and economic trends, we need to double housing production in the shortest possible time - accompanied by major investment programs in infrastructure and mobility in key metropolitan areas where demand is concentrated. The release of ready-to-build land requires faster administrative processes, the consideration of measures such as ICIO tax relief and the deferral of urban planning levies and, above all, the creation of legal certainty through consensus-based political initiatives for the adoption of land law and more agile planning instruments than those currently in place."
