Conren Tramway and ECE Join Forces to Invest €400 Million in Housing in Spain

The Spanish real estate market sees a major strategic move. Conren Tramway, one of the country’s most active developers and investors, has partnered with ECE Work & Live to launch CT ECE Living, a new residential investment platform aiming to mobilize up to €400 million in housing projects across Spain.

This alliance strengthens both companies’ commitment to the residential sector and marks a milestone in Conren Tramway’s expansion. The new vehicle will include multiple investors and focus on Build to Sell developments, with a special emphasis on the mid-range and affordable housing segments, two of the highest-demand niches today.

Investment in High-Demand Markets

The investment will target key residential markets: Madrid, Barcelona, Valencia, the Costa del Sol, and Palma de Mallorca, areas with strong domestic and international demand and high growth potential over the medium and long term.

Both companies highlight that the partnership combines Conren Tramway’s local market expertise with ECE Work & Live’s international experience in residential development and asset management in Europe and the United States. Their shared goal is clear: to deliver people-focused housing that meets the needs of modern urban life in Spain’s major metropolitan areas.

First Project: 80 Homes in Barcelona

The first CT ECE Living project is already planned: a development of 80 homes in central El Prat de Llobregat (Barcelona), with construction expected to start by the end of 2026.

The property will be located in a consolidated area, close to schools and shopping centers, with excellent transport links — only a five-minute walk to the metro, ensuring easy access to Barcelona, which enhances its appeal for buyers and investors alike.

Sustainability and Long-Term Value

This first development will achieve BREEAM Very Good certification and serve as a model for future projects. The platform’s strategy includes energy efficiency measures, sustainable materials, and a focus on long-term urban value creation in all project locations.

A Strong Commitment to Residential Housing

“We are ready to invest up to €400 million in the residential sector, with a special focus on mid-range and affordable housing,” says Toni Candini, Director of Living Investments at Conren Tramway. He adds that the company currently exceeds €1 billion in committed capital and has a portfolio of 1,800 homes in projects across Barcelona and Madrid.

Jaime Hugas, co-CEO of Conren Tramway, emphasizes that CT ECE Living was created to address imbalances between housing supply and demand:

“We need to double housing production as quickly as possible in major metropolitan areas, where demand is concentrated. Ensuring legal certainty and more agile planning and regulatory frameworks is crucial.”

ECE Strengthens Its Presence in Spain

For ECE Work & Live, this agreement represents a decisive step in expanding its residential footprint in Spain. Jan-Hendrik Walloch, Managing Director Investment, notes:

“Spain is one of Europe’s residential markets with the greatest growth potential, and this alliance is designed to capitalize on this trend for the long term.”

Similarly, Henrie W. Kötter, CEO of ECE Work & Live, states that this move aligns with the company’s strategy of developing assets in dynamic metropolitan areas, with sustained economic and demographic growth and stable demand for modern, affordable housing.

A New Boost for the Spanish Real Estate Market

This partnership allows Conren Tramway to consolidate its residential strategy and achieve a new growth milestone, while ECE Work & Live expands its presence in Spain alongside a local partner with strong market experience.

Commercial Conclusion

The launch of CT ECE Living and the planned €400 million investment reinforce the attractiveness of the Spanish residential market, creating new opportunities for buyers, investors, and developers. With capital, international experience, and a focus on affordable housing, this platform is set to become one of the most promising projects in the sector over the coming years.