![]() Through its management of flexible private capital funds, Ares is seeking to fill an important financing gap for public bodies while ensuring affordable rent levels in assets built under high institutional standards. Plan VIVE establishes a novel partnership between the Community of Madrid, Ares, AEDAS Homes and Grupo SANJOSE intended to help address the affordable housing shortage for lower- and middle-income communities. The homes themselves will feature a modern fit-out and residents will benefit from a wide range of amenities such as a gym, swimming pool and indoor and outdoor communal spaces. All project plans have been developed with what we believe is a strong focus on environmentally conscious design, construction and operations, including Grade A energy efficiency certification, materials specifically selected and sourced to minimize environmental impact and efficient design for waste management and water usage. Avalon Properties, an asset manager majority-owned by Ares, will oversee the assets as part of Ares’ Madrid rental residential strategy, which will now total more than 5,600 units across the Madrid region, over 80% of which will consist of new builds and the majority of which will have rents under €700 per month.Īs part of the investment, Ares has partnered with Madrid-based companies AEDAS Homes, a leading residential developer in Spain, and Grupo SANJOSE, a global construction company, to act as the project manager and developer, and constructor, respectively. Ares has committed to developing this portfolio within three years and to cap the rent per unit at a material discount to current market rent, providing important affordable housing for lower- and middle-income residents. As part of its Plan VIVE, the Community of Madrid has awarded Ares a 50-year concession to invest €400 million in developing housing across 13 municipalities in Madrid. Contact us at to check stock availability.LONDON-( BUSINESS WIRE)-Ares Management Corporation (NYSE: ARES) announced today that funds managed by the Ares Real Estate Group (“Ares”) were awarded an innovative public-private partnership with the Community of Madrid to develop more than 3,600 affordable rental residential units in Madrid. There is a 2 week lead time when ordering this product in Chrome, Matte Black or Brushed Platinum and 8-10 weeks in all other finishes. ![]() Visit ASTRA WALKERto view individual finishes and for more product information. Please note: Natural Brass, Aged Brass, Eco Brass, English Brass, Nickel and Charcoal Bronze are living finishes which are designed to evolve and change over time. Tier 4 | Ultra, French Gold & Charcoal Bronze.Tier 3 | Nickel, Brushed Chrome, Satin Chrome, Ice Grey, Iron Bronze, Gloss Black, English Brass, Tuscan Bronze, Eco Brass, Urban Brass, White, Yellow, Red, Orange, Blue, Dark Bronze & Champagne Brass.Tier 2 | Brushed Platinum, Matte Black, Aged Brass & Natural Brass).Pricing is grouped into tiers of finishes with tier 1 being the lowest price point and tier 4 the highest. The choice is incredibly exciting and vast from Astra Walker’s leading contemporary collection. With a variety of finishes available the Icon range can be tailored to suit your needs, and like all of the Astra Walker products, the quality is of the highest possible standard. ![]() Sophisticated, stylish and cherished, the design philosophy behind our Icon range is one of absolute simplicity.
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